ETH has been following our ideas to the dot. On September 11th we spotted an ascending channel on the 8H time frame. This made it clear that ETH was traveling in the channel to test previous support as resistance (red zone).

Now we did the bearish retest and have rejected back to $370. Ascending channels are can be mini, mid, or major uptrend patterns. All depends on the time frame and previous patterns on the chart.

This particular one for ETH is bearish because it formed after a significant drop in price and it's happening on the 8H chart and not daily or weekly.

However, we need to use other indications to check if the pattern will play out. Such as bearish patterns and overbought RSI on smaller time frames in the channel.

We're at the lower support of the channel and the arrow indicates how we may expect price to play out. Target for the channel breaking lower is $250.

https://www.tradingview.com/x/uUuednYm/

FA stuff !

SXP has been the talk of the past few weeks. Looking at the weekly chart, this looks bad. The chart looks bad and it looks like most alt charts look same.

Seems like we have another head and shoulders pattern forming. If BTC is going to drop more like we expect, we will be expecting SXP to also drop further to the green support.

At that point, the market will have to decide if it bounces or keeps falling. For now I'd stay away from it until lower time frames show something strong.

https://charts.cointrader.pro/snapshot/QyciX

WTC is not looking good at all. I've seen some people buying it here as support. You should be avoiding it.

Worst of all, price formed an ascending channel on the weekly and we broke below it. This means it's possible we'll be making a new low.

The only time WTC is good for buying is if price moves and closes about 2 weeks above the immediate resistance between $0.67 and $0.74

https://charts.cointrader.pro/snapshot/uTItc

This is BZRX. Another lesson learned. Almost everyone was jumping on board. Remember, most assets will look like this.

You have to look hard for those assets that are worth trading. Thos that respect support and resistance at least.

https://charts.cointrader.pro/snapshot/AWb1R

[Breaking News] Court enforces Seizure of Bithumb Korea.

http://www.newsfreezone.co.kr/news/articleView.html?idxno=260700

Get ready!

Dump fireworks will be happening soon. Probably before weekly close. Big rising wedge on the chart.

Highest we go is $11200.

https://www.tradingview.com/x/WL96GxJv/

Meanwhile... I think you'll get Salmonella from eating this Sushi, it's clearly gone bad.

Is your ETH transaction stuck?
Here's how to fix it the Wolf way.

1. Go to your Etherscan profile pending transactions.
2. Go to the lowest (longest ago) one.
3. See the "Nonce" number assigned to it.
4. Go to https://app.mycrypto.com/send with Metamask or your wallet provider.
5. Send yourself 0 Eth with 750+ Gwei and the SAME nonce as step 3.
6. That transaction will get cancelled. Repeat the same until no more pending transactions.

Bonus reminder: Set your transaction deadline to 3 minutes or less on Uniswap during times like these.

Price is $4,4 now, its $1750 per airdrop 😱
p.s. I wouldn't recommend buying it, people got it for free, this isn't a trade but a gift

Definately worth a short with low leverage

Even a spot sell would have done the magic

Okay here's some real talk. Yes I did tell you to short it at $4.4 and price topped to $4.5. Great short. Even a spot sell would have saved you tons. 400 x 4.4 = $1,760. That's a lot of money. Its the GDP per capita of some nations. Am sure UNI is going to come much lower so we are holding to the shorts.

It's a hard time around the world. You just made over $1700 and I strongly suggest each and ever @hashedplutus member do some charity today. There is more joy in giving. Probably just walk down to someone who needs something. Even if it's just a few dollars. It can make their ends meet. It gives me immense joy to have a platform where people listen. What better use can it be than help people.

Make me proud and do share your experience of giving @cryptopotatoes. God bless us.❤️

Hold up boys. Don't spam me. There is someone who needs you more than I do. Alhamdulillah I'm well off. Probably buy the security of your office lunch or something. Feels fantastic

A stunning analysis by our friends at OnePoint

https://www.tradingview.com/x/4BlekU1q/

Updated EW count for Bitcoin : WXY correction pattern?

Bitcoin is having a huge push toward the upside in small time frame where it has entering the $11000 area lately even we have seen some rejection as of now because it's an effect from the touched of the round number of $11000. For me, it's a normal correction if we see it from perspective in lower time frame. Currently the price is still trending inside of the contracting triangle which is holding well during this consolidation pattern as well.

Beside of the above explanation, I'm trying to identify on what waves right now will it be. From the perspective of the Elliot Wave, I think that current structure is the structure of correction as the effect of previous 5 waves up that has occurred since the bottome of this year on April 2020. Maybe we can see that the price has already formed an ABC structure which usually indicates the correction is over. But, we have to remember about the momentum of current market and the behavior of how the price has its bounce in lower time frame. I don't think that at current structure, it will be enough momentum to gain more wave to the upside to conclude that current correction wave has finished.

At current structure, if we assume the previous 5 wave structure between March until August 2020 as the first wave on higher structure, at current phase it will absolutely become the second wave of higher degree. And if you assume a 'going concern' principle which means the price will has a huge upside momentum in longer term/cycle, the 2nd wave won't be a simple zig zag correction. It will become more complicated and a lot of fake out movement occurs at this rate. That's why I'll assume current upside moves as the relief rally as the X structure in this degree. We may see a spike of this X toward the $12000 or the $12500 but it will ends up on the .382 fibonacci level as the point of interest in the next moves.

Some solid things coming on

This was an analysis on the 3-Day chart for BTC that was sent to clients on 10th September and it seems to be playing out well.

We expected price to continue up to around $11200 if we do close above $10600 on the 3-Day. Let's see how that turned out.

This is the update on the 3-Day chart. We got our close above $10600 and we now tested $11100, almost at $11200.

Proce is stuck in an ascending triangle, a big one on the 3-day time frame and should break down soon as long as we're below the mid-line.

This is scary because a break down is not only going to end up at $9600 but as low as $7500. Until we get a daily or 3-Day close above $11300, it's recommended to gradually move into USD if you don't want to short the market.

https://www.tradingview.com/x/k7cRttnw/

Like we predicted in our September 7th post for ZIL/USD, price went up to the where we expected the curve to end and then started dropping again.

We've already entered shorts at $0.178 for the asset and expecting more price decline. We're looking at taking all profit finally at $0.08 and that's a -55% drop from our entry.

The whole market is shifting, seems this time we'll see huge drops in prices across all boards. Be cautious.

https://charts.cointrader.pro/snapshot/1dBQr

LINK has broken and trading below the $10.6 daily support level. If we get a daily close below it today, we're going to see the green zone again and probably consolidate in it for a while.

We're still in profit and in our short for LINK and waiting for $4.5. We now have 2 scenarios in mind for LINK. If we head straight to the bottom part of the green support zone ($7), we'll wait to see if price will consolidate and close back above $8.65.

If we close above $8.65 after first hitting close to $7, we will close all position on LINK short and start buying slowly. However, if we move straight down to $7 and get a bearish structure inside the green zone, then we'll add more short or keep holding.

This is because we now have a descending channel on the daily, which should breakout eventually. It can happen at $7 - $8.5 or at $4.5. Time will tell.

https://www.tradingview.com/x/4OU0cyTE/