FINRA Traders

29/04/2023

Bitcoin - Final pump to 32k before a crash to 15k!

Bitcoin may be ready for a final impulse wave to the upside before it collapses to 15k!
On the chart, we can see an ending diagonal wedge pattern (3-3-3-3-3), which is why we could finish it at around 32k-33k.
This will be your lifetime opportunity to short Bitcoin and ride the massive bear market that will follow!
Do not buy any altcoins or Ethereum because it's totally dead and only Bitcoin may pump to new highs.
The 0.382 FIB extension is right above the previous wave 3. This is a very strong level because it's the inverse of the 0.618 FIB, and usually Bitcoin reacts to it.
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
I am of course very bearish for Q3 2023 and Q4 2023. As you know, I expect a big crash to 15k, but this could be the final uptrend to 32k.
Right now I am out of the market and do not have any open positions, but I am going to open a short at the top of the wedge / 0.382 FIB extension. I am already prepared for the bear market, so it is better to stay in USDT, sell spot positions, and trade futures.
If you think this is a reasonable Elliott Wave count, you can go to intraday charts and find some longs. Also, if you are already in a short position on futures, you can open a temporary hedge to protect yourself from this final wave.
I do not trust this pump from 19k, because it shows a lot of signs of weakness, such as ABC waves.
This analysis is my bullish scenario because I have always prepared bearish and bullish scenarios. Take my Elliott Wave count into consideration for your trading.
Thank you, and for more ideas, hit "Like" and "Follow"!

26/04/2023

Hello Trading Family / Fellow Traders.

Here is a detailed update top-down analysis for BTC.

Which scenario do you think is more likely to happen? and Why?

Always follow your trading plan regarding entry, risk management, and trade management.

Good Luck!.

09/02/2023

Tron TRX is breaking out! Explosive pump is likely.

As you can see, TRX is currently breaking out of the descending triangle on the daily/ weekly timeframe , and an explosive pump is now likely!
The take-profit is at the top of the triangle, which is 0.18 USDT. I think it's possible to go higher, but we don't want to risk anything, because we could be in wave 5 from the Elliott Wave perspective. Triangles are typically formed as a 4th corrective wave.
This bull market that started in January is absolutely amazing, and I hope it will continue as long as it possibly can! We want to take as much profit as possible from this bull run.
Sending USDT via the TRX network (TRC20) is very popular among crypto people. Furthermore, Tron's value held up very well during the 2022 bear market. It's definitely a positive sign.
Now is the best time to buy TRX if you don't want to miss out on the upcoming pump! It will be huge!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately.
If we take a look at the previous price action from 2020 to 2021, there are no gaps that need to be filled. In other words, it's possible that we will never go back to these levels.
I'm not sure how you feel about it, but I'm already long in the futures market. 171% is a good profit, so be greedy!
Thank you, and for more ideas, hit "Like" and "Follow"!

11/01/2023

has been relaxed a bit for the past couple of days which has paved way for the other altcoins to thrive. Given an opportunity the Binance Coin (BNB) price may lead a significant upswing to reach $300 at the earliest.

The Binance Coin price appears to be gearing up to display a massive price action as it is constantly accumulating strength within the decisive symmetrical pennant

The price may fluctuate significantly for another couple of days or weeks until it reaches the tip of the triangle post to which a breakout may be imminent depending on the volume induced.

The price is believed to breach through the upper resistance and surge beyond $300 to reach one of the important resistance zone close to $323 by mid-February.


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10/01/2023

VGX USDT TODAY

Apply your own risk management.

Two entries 1st 40% @ 0.00145 second if possible 60% @ 0.001395
hunt the profits at any level you see convenient for you.
Green Zone for entry,
Yellow levels are targets.


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10/01/2023

VGX USDT TODAY

Apply your own risk management.

Two entries 1st 40% @ 0.00145 second if possible 60% @ 0.001395
hunt the profits at any level you see convenient for you.
Green Zone for entry,
Yellow levels are targets.


Have a nice day...follow our page more..
https://www.facebook.com/GlobalNETTRADERS/

Like,share and comment..

07/01/2023

ADA took an uptrend last week and was in high demand right after hitting the important $0.22-$0.25 support. The downtrend line inside the channel has been broken on the daily timeframe , which can be a good sign for a change in the trend on the daily time. Of course, this needs more time. Only in the 4-hour timeframe, the price trend has increased, and according to the last candle of the day, which is a bearish candle, the price can enter a corrective wave.

One of Cardano's strong and important supports is considered to be in the $0.255-$0.257 range, and hitting this level could generate a strong positive reaction. Another point is that the price is still in a narrow ascending channel in the 4-hour timeframe, and if the bottom of the channel is broken, the first support can be considered in the $0.270 range. If this support is broken, the second support can be very powerful in maintaining the trend.

08/12/2022

ETHUSD and LTCUSD Technical Analysis – 08th DEC, 2022

ETHUSD: Double Bottom Pattern Above $1218

Ethereum was unable to sustain its bearish momentum and after touching a low of 1211 on 07th Dec, the price started to correct upwards against the US dollar moving into a consolidation channel above the $1200 handle today in the European trading session.

We can see the formation of a bullish harami pattern in the 15-minute time frame indicating a bullish trend .

The Williams percent range indicator is back over -50 in the 2-hour time frame.

We can clearly see a double bottom pattern above the $1218 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets.

08/12/2022

08/12/2022

ETHUSD and LTCUSD Technical Analysis – 08th DEC, 2022

ETHUSD: Double Bottom Pattern Above $1218

was unable to sustain its bearish momentum and after touching a low of 1211 on 07th Dec, the price started to correct upwards against the US dollar moving into a consolidation channel above the $1200 handle today in the European trading session.

We can see the formation of a bullish harami pattern in the 15-minute time frame indicating a bullish trend .

The Williams percent range indicator is back over -50 in the 2-hour time frame.

We can clearly see a double bottom pattern above the $1218 handle which is a bullish pattern and signifies the end of a bearish phase and the start of a bullish phase in the markets.