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cultureofwoods

cultureofwoods

@t_cultureofwoods

Number of Followers:0
Registration Date :12/19/2023
Trader's Social Network :refrence
ارزدیجیتال
31037
Rank among 44743 traders
-33.5%
Trader's 6-month performance
(Average 6-month return of top 100 traders :27.2%)
(BTC 6-month return :12.4%)
Analysis Power
0.7
60Number of Messages

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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BTC،Technical،cultureofwoods

Just thought I would post this slightly contrarian view. The 0.382 retracement of what I think is wave 3 of 3 is around $85K and this is where many analysts are expecting price to go. To be fair to them, this would be the normal pullback target. However, two things go against this argument. First, wave 4 of an impulse does not usually fall below the wave 4 of the previous move; this would be around $90.7K. BTC has already fallen far into this range and price action looks like we could be in a Wyckoff re-accumulation. The head and shoulders looms threateningly but I feel like it is probably a bear trap. The second reason is that BTC is crawling along the bottom of a rising channel that it has been near the top of since 2011 and it's move to the bottom of the channel began in June 2019. A significant dip would push it below the channel and signal a dramatic change in price action for BTC that I personally feel would invalidate the bull market case for 2025

Translated from: English
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Signal Type: Neutral
Time Frame:
3 ساعت
Price at Publish Time:
$93,963.99
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyALGO،Technical،cultureofwoods

My thoughts on ALGO by way of update from last chart. The SOS failed to hold the purple zone so probably wasn't the SOS; that is likely the next move before a more shallow re-accumulation range in the purple box. True bull run starts from there with various pit-stops along the way. Based on current price action, minimum target is $6.9 but I a believe $15 will be the eventual top.I think we are setting up for a V-shaped recovery - don't get left behind being too bearish! I am speculating we will break above the former high but fall back into this range for a final shakeout before the markup phase begins. Current price action could be the B wave of an ABC or a one-two setup with an over shooting B wave of a new 5 wave impulse - we will soon find out!

Translated from: English
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Signal Type: Buy
Time Frame:
3 روز
Profit Target:
$1.52
Price at Publish Time:
$0.3853
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
CTXC،Technical،cultureofwoods

Recent strong sell-off is bearish IMO and prompted a re-assessment of the chart. Discounting the 2022 wick, this chart becomes a giant ABC on the way to zero. Wave 3 of 5 in the C wave of this pattern looks complete, so one more move up to go before getting out and never coming back if you are invested!

Translated from: English
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Signal Type: Neutral
Time Frame:
8 روز
Price at Publish Time:
$0.36459
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyALGO،Technical،cultureofwoods

I think AGLO (and many of the larger cap alts) has completed a B wave correction of a larger ABC and is now going to move up in five waves for a the C wave. Overall, the move up is likely a B wave and we should then see a return to the range lows for wave C before ultimately heading higher - probably early next year

Translated from: English
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Signal Type: Buy
Time Frame:
3 ساعت
Profit Target:
$0.518
Price at Publish Time:
$0.41732
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyALGO،Technical،cultureofwoods

This is just a zoomed in version of my previous chart to show the lower time frame analysis that I am tracking at the moment. Wave counts are always difficult I think when price is moving so impulsively. However, the most obvious move in all of it is this recent downside flush, which has created a perfect ABC correction. These almost always mark the end of a wave 1 and this is why I have concluded we are in wave 2 of 3 of this impulsive move. My upside target for the end of this run up (which I think is a wave 3 of 5) is somewhere between $5 and $10, with some bumps along the way. My wave count beyond existing price action is purely speculative at present and will likely change...I am expecting price to be range bound now until the beginning of January (about a month) as the asset is re-accumulated before the next big move up

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
First Support:
$0.27379
First Resistance:
$0.88232
Price at Publish Time:
$0.42896
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyALGO،Technical،cultureofwoods

There are many ways to interpret this chart but I am viewing it as a high time frame ABC from the launch price, which is extremely bullish long-term. Given that Algorand is currently a key part of the planned quantum financial system, together with XLM, XRP, IOTA and XDC (all the biggest gainers in this recent run up), I think this is the most likely interpretation. Price has just broken above the B wave of the larger C wave and this is the first sign of reversal. The purple box is the expected consolidation zone before a move up to all time highs, with $1.844 being a likely minor resistance along the way. Looking at the recent move from a Wyckoff perspective, we have had the spring, retest and now price is probably at the last point of supply. The sell off has priced in an ABC from the all time lows, reaching the 1.236 extension of a possible A wave but I think this is likely a shakeout to cast doubt on the bullish hypothesis.

Translated from: English
Show Original Message
Signal Type: Buy
Time Frame:
3 روز
Profit Target:
$3.28
Stop Loss Price
$0.27379
First Support:
$0.57386
First Resistance:
$1.84
Price at Publish Time:
$0.41408
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyKDA،Technical،cultureofwoods

Got asked to do this one so here is my take. Not bullish long term IMO - it is in a downtrend - but still a corrective move could take it close to the previous ATH as per the chart. Not trading it myself but good luck to anyone who does!

Translated from: English
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Signal Type: Buy
Time Frame:
8 روز
Price at Publish Time:
$1.64
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyBTC،Technical،cultureofwoods

Still tracking the final move (5th wave) of BTC wave 3 of 3 of 5! Wave 2 appears complete with some very choppy price action to flush out the longs mostly and we should be in wave 3 of this move up; I am expecting it to be pretty impulsive for it to achieve the expected targets given that the first move has been very shallow... 107K seems reasonable from here...

Translated from: English
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Signal Type: Buy
Time Frame:
55 دقیقه
Price at Publish Time:
$95,404.66
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyBTC،Technical،cultureofwoods

Still tracking the final move (5th wave) of BTC wave 3 of 3 of 5! Wave 2 appears complete with some very choppy price action to flush out the longs mostly and we should be in wave 3 of this move up; I am expecting it to be pretty impulsive for it to achieve the expected targets given that the first move has been very shallow... 107K seems reasonable from here...

Translated from: English
Show Original Message
Signal Type: Buy
Time Frame:
55 دقیقه
Price at Publish Time:
$95,404.66
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cultureofwoods
cultureofwoods
Rank: 31037
0.7
BuyETH،Technical،cultureofwoods

Weird price action and this is the only way I can make sense of it...

Translated from: English
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Signal Type: Buy
Time Frame:
21 روز
Price at Publish Time:
$3,625.86
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Any content and materials included in Sahmeto's website and official communication channels are a compilation of personal opinions and analyses and are not binding. They do not constitute any recommendation for buying, selling, entering or exiting the stock market and cryptocurrency market. Also, all news and analyses included in the website and channels are merely republished information from official and unofficial domestic and foreign sources, and it is obvious that users of the said content are responsible for following up and ensuring the authenticity and accuracy of the materials. Therefore, while disclaiming responsibility, it is declared that the responsibility for any decision-making, action, and potential profit and loss in the capital market and cryptocurrency market lies with the trader.

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