HydraFinance

We see a clear counter-trend move down in a five-wave sequence. I strongly expect this move to be followed by a second wave going past the low in the same direction. However, this said move has been retraced by a three-wave zigzag moving up in the direction of the main trend.We have to expect that this move going so close to the previous high has induced a lot of investors into jumping in on the move in expectation on the all-time high break. This is exactly the wrong psychology at the wrong moment, most will be caught by surprise once the price breaks aggressively down. Once we see it trade back below the upper end of the trend channel we can expect the start of the slide. The all-time high should stand, we might come closer to it but everything as it is, we should see the move down start without threatening the high.

We have found a strong resistance right along the level of the the fourth wave of one lesser degree, as expected, this current move being the current degrees own 4th in the shape of a zig zag. Given the aggressive nature of the move that conformed into what I believe is a wave C of the zig zag I did expect for it to reach a lower level but failed to see it materialize and now we start seeing a strong base being build along the lows, from which we should see the bulls run the price up in a strong fashion. This mainly due to the fact that having the price to a deep pierce of the previous levels set usually means the that the bullish momentum is stronger than anticipated. I have a strong belief that we might see a revisit of the 92,780 before we actually see the price take off. We should, however see the 92,150 level hold if my view is correct.I will be buying above 95,900 but if we do get the move back to 92.780 anticipated I would likely slide my entry level to a lower point to make it a more favorable risk to reward position.Happy Trading :)

Ethereum is looking extremely bullish lately. It has failed to keep up with Bitcoin's moves, which have experienced a series of record all-time highs bit this is about to change soon.The pattern has cleared enough and we look to be moving into a fifth wave, of an overall third wave. Third waves usually record the highest volume and the longest travel on most assets, but crypto has a particular quality to act in similitude with commodities, which tend to record the strongest move on its fifth and last wave. This being a fifth of a third of such a high degree, I expect to see a great advance, even past what we have already seen. An extension of a fifth wave tends to look at equal to the distance traveled from the start of wave one to the end of wave three, projected from the end of wave four. This calculation gives us a price target of 5170 and as a second possible objective we get 6K, that last being equal to wave 1-3(127%).The price has already taken off but don't for a moment believe that its nearly over, not even close.Happy trading :)

Had anticipated the price to clear the 100K mark. Although it has found it difficult staying above said level I do expect this to be just a transitory resistance. Given the pattern that we are trailing, wave 3 seems to have some incomplete moves to the upside still.Wave four has not been confirmed yet, thus we could see a sideways move to consume more time before the thrust upwards to complete the higher degree wave three. That being said I have a strong suspicion that wave four shouldn't fall below the established 92,150 low.A possible target to the upside is the fib cluster formed between 107,650 (wave 5 = 100% waves 1-3) and 109,450 (361.8% of wave(5)s internal wave 1).Somewhere along this zone we should see a deep retracement down before heading for new high once more.Happy Trading :)

As Bitcoin approaches the crest of its third wave, nearing the 100K mark, emotions surrounding the crypto king have been overwhelmingly positive. This sentiment is to be expected, especially given the current cycle and the position we find ourselves in. The fourth wave was a bit cheeky since it has what we can call, an unorthodox bottom, given that the actual end of it was above the lowest point in the corrective pattern. Just one of the many tricky aspects that corrections use to fool the operators. I feel safe to take the low a52350 on September 8 as the official low for this wave.From this point, we start to see a strong fifth wave carrying a lot of momentum. I have noticed before that, as in commodities and futures, many crypto tend to exhibit the most strength in the fifth and final wave instead of the third, having the farthest advance in its last hurrah.I have two very likely termination points for this move depicted as the blue lines at 107,650 and 123,175, which are 1-3(100%) and 1-3(127%) respectively. We could see an even bigger travel but we we'll need to adjust for that as it may come. For now safe to say that as with every surge that the king of crypto ever has had, it comes accompanied by all kinds of scams and pumps and dumps along the way. Most new crypto independent projects are scams as this community has turned mostly speculative rather than actually looking to add value to society. If you are to put money in crypto which I don't necessarily think is the best idea, I would still suggest to stick the to big staples that have shown to have reliable pools of liquidity, that although still subject to manipulation, in the very least it has had permanence and longevity.Happy Trading and good luck. :)

A couple of weeks ago, as the Crypto King slid down the slope of investor hope breaking below the 17k price level, it was interesting to see as its sibling in many ways, Ethereum, failed to make a new low to accompany it. This must not be too unsettling as the corrective pattern Bitcoin was exhibiting was largely unresolved, standing in stark contrast to Ethereums corrective pattern which seems to have already found rock bottom at least for the time being. While BTC is still trending below the long-term EMAs, price is starting to accumulate and the bearish move could be losing momentum. A rise and close above the EMAs will confirm the start of a rising market. HAPPY TRADING:)In hindsight, this seemed to be a good call. Since the market has soared sevenfold, now just short of the 100K mark which we should be seeing be hit in the next few weeks.