$BTC Looking at the data on the chart, BTC is quite clearly forming the following waves. Wave 1-3: 74,500-111,957 Wave 4: correction: 111,957-98,125 Wave 5: calculated from the breakout point around 107,200-107,500
Wave 5 is a wave of FOMO, so the potential for expansion is quite large. The length of the first 3 waves. 111,957-74,500=37,457 Wave 5 usually increases according to the ratio of these 3 waves. +38.2% of 37,457 = 121,514 a normal increase +50% = 125,928 a normal increase +61.8% = 130,350 a slightly optimistic level +100% = 144,657 (strongly optimistic market level)
Observing the increase cycles from the BTC bottom, there is an increase from the wave bottom of about 50,000-55,000-60,000 price for one wave increase. Bottom of this wave: 74,500+50,000=124,500 74,500+55,000=129,500 74,500+60,000=134,500
Thus, combining these two factors from calculations and previous data on the chart: BTC in this wave 5 cycle has the potential to reach 121,500-130,500 from the average level to a slightly optimistic level.
Support is 110,000 and resistance is 120,000 at the moment, which needs to be observed at these levels.
And currently, the setup is 107,200-118,882 (an increase of about 11%) in wave 5, then setting up the smaller waves. A increases, B corrects, C retraces. Testing support and resistance continuously.
All views are subjective of the admin. You should only refer to them. No calls for buying or selling. Remember, don't blame others, it's very frustrating.
Be responsible for your own wallet.
Of course, you can buy top coins when they are oversold to take advantage of pullback recovery in the various time frames.
$SOL is the representative top coin weak for this period. Not breaking resistance to return to the peak in the recent pump could be a mini SS just finished. And it has dropped through a slight ema48/50 pullback. $XRP This coin is also quite similar to Sol, so anyone who likes to buy this one should look at Sol for guidance.
Sol is weak and has the potential to swing for a few days around 10/8 down to ema 99-100 (162-154-144) returning to the average accumulation area.
It's just okay. If BTC goes up quickly, it will reach 113,800. But I wonder if MM is reading the article, why is it testing ETH so quickly, just posted in the morning while it was at 3722, expecting to drop down to 3589 tomorrow.
Laraine Nuner CwGW
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$BTC fill the gap cme at 114,301. Currently in a technical rebound. In the next few days, it will return to 112,000-112,800 with a poor short-term trend. From today until 8/8 The likelihood of a correction is very high. Therefore, anyone who can ride the long should take profits at Meme (the meme disaster is approaching). But it is also an opportunity to accumulate at low price levels for those who enjoy the risk with meme coins.
Meme coins may experience a breakthrough through Ma200. Signaling an accumulation area in the medium term.
The top coins are very solidly supported except for the sol, which I predicted is doing well and has returned to 167,xx. I don't know why this one was left behind during the price increase of eth and BnB. Its trend is heading straight to the 144-156 area in the medium term.
Eth has one more test at 3589-3600 Bnb has one more dip to 720
Pay attention to the alt and meme charts that increased during the last wave, both tested ema48-58. Those who are strong can go later. Those who are weak should go first. Sol is the top representative coin going first. Meme coins with Pepe also belong to the top that broke through ema48-50 first. And currently, it's breaking through ema200 as well. Also, looking at this coin, I warned that the meme lines that surged last time will break through ema48-50 next. And from this coin, I also warned in previous posts that memes dropped by 10% and weak alts dropped by 5-6%.
Pepe has returned to the accumulation zone (0,,,7-0,...10), anyone who likes this coin should gradually invest in that range so that in October, they can catch the surge.
Update on the situation in August: the range is quite wide.
- PCE just announced an increase. - Mr. Trump applies an import tax on 08/01/2025 for 67 countries at 50%, this is the main reason for today's price drop. BTC: returning to fill the small CME gap in the range (113,800-114,400) within this range, and the price bounced back technically at 114,301, reaching the Fibo retracement level (50%) from the peak at 123,xxx. - Liquidated contracts reached: 530 million USD for long positions within 24 hours. - Market sentiment dropped from the range (63-67) down to 57, falling into a neutral and cautious area on the greed-fear index. - BTC recorded a capital outflow of 358 million USD. - RSI (12) dropped to: 46 - EMA (7) and EMA (13) have become major resistance at 116,700 and 118,200, with the center line of the BB band as strong resistance, needing to break above to continue testing higher levels. - Currently below EMA (7) - EMA (13), indicating a slowing upward trend and the risk of retesting supports in the coming days. (Around 112,200-113,700)
Based on this chart, looking objectively at the chart, I can predict that BTC may not break through anything in the short term of 1-10 days and could still face a correction to 113,200.
$BTC fill the gap cme at 114,301. Currently in a technical rebound. In the next few days, it will return to 112,000-112,800 with a poor short-term trend. From today until 8/8 The likelihood of a correction is very high. Therefore, anyone who can ride the long should take profits at Meme (the meme disaster is approaching). But it is also an opportunity to accumulate at low price levels for those who enjoy the risk with meme coins.
Meme coins may experience a breakthrough through Ma200. Signaling an accumulation area in the medium term.
The top coins are very solidly supported except for the sol, which I predicted is doing well and has returned to 167,xx. I don't know why this one was left behind during the price increase of eth and BnB. Its trend is heading straight to the 144-156 area in the medium term.
Eth has one more test at 3589-3600 Bnb has one more dip to 720
Eth is going according to plan. Btc touched the lower BB band. It's tense, huh. Guys, don't chase the meme coins.
Laraine Nuner CwGW
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Meme has almost tested ema 48-50 again and has risen sharply, but is still below ema7-13-25, so the trend will enter accumulation or switch. $ETH After the adjustment, not falling below 3600, it is natural for eth to rise again when the cash flow is very strong. But eth is still facing another adjustment. Therefore, in this increase, it is advisable to be cautious and take profits. The adjustment zone is around 3740-3750 for the upcoming adjustment. And eth is uncertain when it will adjust on the monthly frame with the long green monthly candle, the risk of adjustment in the overbought area of chart M is always lurking. The potential to break 4000 exists and could go even higher when MM decides to pump. Btc is still within the range provided. The sw trend and of course the range still applies well this month. Waiting for the monthly candle to close today, I will adjust the range for btc. For the meme line, be careful of testing below ema50 like pepe; any coin that hasn't broken it should be cautious. Meme disaster
The price is a bit bad. The BB band on the 1-day chart is already very narrow, be careful in the coming days, it might be tight 😄. Selling pressure seems to be weakening. At this point, it's quite tight; if there's a profit, it’s better to take some to avoid headaches. Usually, a narrow BB band like this is tight. If there's profit, take some to avoid headaches; otherwise, set a positive stop loss. It's bad but not collapsing or reversing.
The gold view seems to be running according to plan last week. Tomorrow I will study and let you know the updates. Currently, I am sw
Laraine Nuner CwGW
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In general, this is Saturday when other markets have stopped and closed. So $BTC can dance freely. Let’s talk about BTC. Admin analyzes a bit about gold. Gold has formed 4 peaks and a double top pattern is forming, along with a small triple bottom pattern that continues to support gold for a long time according to the 1-day view. In the long-term timeframe (M), gold will keep moving sideways (3100-3400), the area where it trades more frequently occurs more often (3237-3366). Currently, gold has dropped out of the price increase zone (3378-3385), so the breakthrough potential is weak and it could easily fall back to 3237 in the near future. Therefore, the more gold rebounds, the more it should be sold. This is the view according to the chart. In the upcoming period, there will be a monetary policy decision from the Fed, so this is also a factor (x) difficult to predict market sentiment. And the instabilities in the Middle East as well as in Southeast Asia are also ongoing. For now, just follow the chart view to trade down after gold rebounds because it has dropped out of (3378-3385) with a stop loss close to this area. The target is 3237-3266. If gold falls straight to 3237, there could be a pullback to 3277.
😄😂. Today, BTC and ETH are stuck, so the MM turned off the switch and is not moving. $BTCDOM currently stands at 4363 and shows signs of testing the support of H8 again. The ETH/BTC pair is also positively moving. So BTC and ETH are just sitting idle. Let the altcoins run. Support of H8 (4344) allows for altcoin trading.
$SOL what's wrong with this one, it looks a bit bad. The monthly chart has a head and shoulders pattern. The 1-day chart shows a downtrend, RSI is not oversold, overbought indicates neutrality. The price is below the EMA7 and EMA13 indicating a weak and declining trend. The price needs to break above EMA7 to retest 191. Overall, it's bad. Lacking upward momentum. Anyone who knows what's wrong, please update. There is a risk of retesting the 160-169 area when it adjusts.
$TON Do you see if this one is accurately predicted by the admin? If anyone falls, they fall hard. Because you know when you open the monthly chart (M). It cannot drop below 3.0. It is heading up to 4.0 in September. It can't run anywhere. The worst adjustment was yesterday. It was only around 3.1xx. If there is another adjustment, it will only be 3.19-3.2, and that will be the end of the adjustment for this one. This one shows a recovery trend in the monthly chart, not a pump, but it indicates a recovery. The demand for recovery by September is 3.8-4.3
After reviewing the M charts of top altcoins, it seems that almost every one of them has quite good M chart support, and it depends on FOMO or the flow of money from investment funds.
At the current time, holding a particular altcoin for the long term at x10 is really challenging for investors. As the rate of listing fake coins increases day by day, any coin that reaches x4 or x5 has already been sold off heavily and switched to a new one or another coin.
The current market prioritizes this. Buy the dip, sell the peak, and then look for buying and selling opportunities again. The definition of long-term holding seems to have become less suitable recently for generating higher returns.
Overall, altcoins are not looking too bad; the M chart has very good support. We are entering the sw area (adjustment and accumulation). With the support of M charts, many coins will show a sw trend. Therefore, it might be a good idea to sell some when overbought. And look to buy back when there is a correction. For this M peak to drop, it must encounter a significantly large variable to fall. So in the short term, the safest strategy is to sell when there is an increase after a correction.
Taxes are also stable. The period of trade wars has passed. Monetary policy is also stable. There are no signs of interest rate hikes. Overall, the market is stable. There is nothing to worry about.
Besides Bnb and eth, which are being pumped and FOMOed by MM, there are no signs of correction. The evidence is that the M candle is still very green. Everyone knows that eth will close a green candle this month. The trend remains very positive.
Meme has almost tested ema 48-50 again and has risen sharply, but is still below ema7-13-25, so the trend will enter accumulation or switch. $ETH After the adjustment, not falling below 3600, it is natural for eth to rise again when the cash flow is very strong. But eth is still facing another adjustment. Therefore, in this increase, it is advisable to be cautious and take profits. The adjustment zone is around 3740-3750 for the upcoming adjustment. And eth is uncertain when it will adjust on the monthly frame with the long green monthly candle, the risk of adjustment in the overbought area of chart M is always lurking. The potential to break 4000 exists and could go even higher when MM decides to pump. Btc is still within the range provided. The sw trend and of course the range still applies well this month. Waiting for the monthly candle to close today, I will adjust the range for btc. For the meme line, be careful of testing below ema50 like pepe; any coin that hasn't broken it should be cautious. Meme disaster
$BTCDOM green then reached the bottom so take profit because the weaker ones will test the previous wicks again. Btc trend sw needs to watch the daily candle close or tomorrow's monthly candle close. Btc looks a bit bad.