mptrading74675

mptrading74675

It appears that small caps (and major large-cap stocks) are at a crucial point currently. The price breaking out of the bump-and-run pattern to the upside, combined with a neutral Fear and Greed Index, suggests a potential continuation of the bull run. The target is approximately $2,750, regardless of interest rate decisions. News about war has not significantly...

mptrading74675

Looks like my previous wave count was invalidated. I actually assumed that 69 k was the top of wave 5 but it was only the top of wave 4 (expanding flat) and wave 5 ends at 73 k (strong top). If you did your sentiment analysis properly, you can notice that almost every influencer is bullish and claims that retail is bearish which is a sheer lie. They are doing...

mptrading74675

In my view, BTC has reached its top of the bear market rally, which smart money used to scale out (on-chain data). You can see how addresses between 0.1 and 10 BTC buy every dip they can (how whales told them to do) and addresses over 100 or 1000 decline although the price is lower now. It was easy money to be made if you entered at the bottom like me and ignored...

mptrading74675

After the fakedown yesterday (despite bad cpi numbers), my best educated guess is now that a local bottom / bottom is reached. Around 69 k I said that the top is reached which came true fortunately. I also said that this top will never be reached again but wasn't quite sure if a marginal higher high (80 k - 90 k) is still likely in the future. Unfortunately I can...

mptrading74675

I'm bullish mid-term to long-term on some cryptos but short-term it's not looking good for all of them. Over - 30 % is incoming most likely. My target for BTC 17 k remains.

mptrading74675

I assume, after this next downmove for the alts to cheaper prices, a long-term abc correction is due. The markets shows rejections from important levels all the way. Nothing new for anyone. Hopefully I'm not boring anyone with this idea.

mptrading74675

I'm short-term bearish on the markets solely because of bearish price action.

mptrading74675

I expect a liquidity grab under the june lows, or more. The charts of Ethereum and the S&P tell a similar story to me, BTC looks the weakest though.

mptrading74675

This fractal speaks for itself. The descending triangle is usually rather bearish but retail sentiment is at the bottom. I did my analyses on the s&p, bitcoin and alts and came to the conclusion that this is most likely the bottom. Some alts, including XRP have a few more percent to the downside. So in my opinion a good time to average in but a bad time to...

mptrading74675

Api3 looks similar to Chainlink in its early cycle. While Link has most likely completed its cycle, the best has yet to come for Api3. Api3 broke out on high volume against USD but also against BTC and Link. Under the macro-economic circumstances Api3usd shows relative strength in comparison with the rest of the market. Oil stocks, gold and Terra Luna are also...

mptrading74675

I want to show that Bitcoin, the older altcoins and the newer coins are in different cycles. While Bitcoin is potentially in its last cycle / wave 5 (retail wave) before its first correction, the older altcoins like ETH, XRP and XLM (also Doge and DGB) are just in wave three. Wave three (institutional wave) can be long and exhausting (see stock charts). The newer...

mptrading74675

This is not about price predictions or Aave/Solana in particular. Stellar and XRP are further examples which I'm even invested in. They all look similar. I noticed how cycles in tech can work and many newcomers believe that "next month is alt season" or "alt season is about to happen soon". At least that is what influencers tell unwary followers to keep them...

mptrading74675

Actually a pretty simple and obvious setup. The short-term breakdown will lead to a head and shoulders breakdown in the higher timeframe. The fear of war in europe and the price-downtrend go hand in hand. Target is 3.900. I personally would not short but it's good to know to be careful. Long trade possibilities are mostly found in oil stocks, in my opinion.

mptrading74675 Updated 

This cycle ends with an ending diagonal at 68 k. I expected the top to be a little higher at around 75 k but short and long term the elliott wave count is potentially completed. Next short term stop could be 48 k. The long term is unpredicable but this could be the first major correction of the bitcoin price. I rather watch the markets step by step, so let's see...

mptrading74675

Technically, both show a similar structure with a leading diagonal, a long correction, an ugly rounding top and a struggle with the 0.618 retracement. Apple also had a bad narrative in the nineties like BSV today. Microsoft were taking over, bankruptcy was on the verge and the products weren't very popular. In my opinion, BSV is the riskiest bet in this market...

mptrading74675

I already mentioned in my previous ideas that btc has come to an end. The structure is similar to 2017/2018 -> crash, selling climax with volume spike, sideways correction with a marginal higher high, further crash and retrace. Altcoins are showing relative strength as they make a higher low and could now start their final wave (or more).

mptrading74675

The meme hype is most likely not at an end. Dogelon Mars had a nice support/resistance flip and a breakout through an important zone. The RSI shows a hidden bullish divergence. For me it's worth a trade with a small amout.

mptrading74675

This is one potential wave count which indicates that the time for a bigger correction is near. Some people don't realize that we are on thin ice and might want to take some profits. Wave five of wave five of wave five could extend but that will happen without me.