DeFi | Wave analysis of the ticker

Mid-term crypto entry points continue to appear, according to earlier analytics posted here (https://t.me/eightyninewaves/3432). I’m not in much of a hurry to buy yet, just informing you – for those who like to catch knives, there’s a complete 5-3 pattern “full cycle” on the DeFi index.

I prefer to trade with limit and stop orders, so I wait for a touch of the red fibo or a break up of the nearest green level to the price. But it’s up to you.

#DEFI. Visually, it looks like the leading diagonal, so you probably have to move the wave (i) to the right.

#DEFI. Entry point, see DeFi tokens.

#DEFI. The alts season has started, and it looks like we are approaching the entry point into the longs on the Defi index.

#DEFI. Is there a series of 1-2 waves in the phase (ii) of [iii]? Then it’s a triangle “b” now.

Updated the DeFi index here last time in January (https://t.me/eightyninewaves/3304). At that time I expected a correction into the wave [ii] right on the dotted line. So far, that’s how it’s turning out. And if the hypothesis is correct, there are now good entry points for the medium term with adequate stops according to the doubling channel strategy.

But this is all knife catching for investors. As for the entries for traders, we have to wait for now. For example, a breakdown of the trend channel upwards – put a trigger there. I have roughly marked this place on the chart with the green level.

#DEFI. A doubling of the downward channel on the small degrees.

#DEFI. You can see the cancellation level below here, too. I remain optimistic for now.

#DEFI. It looks like a diagonal in (c) of [ii] on many alts. If so, it would be a great entry from its wave “v”.

#DEFI. So far, no change. The depth of the wave [ii] will depend on where the wave “4” will be set on bitcoin.

#DEFI. As far as DeFi tokens are concerned, everything is OK. But the risk of continuation of the wave [ii] still remains.

If you’ve wanted to start buying crypto for a long time, but have been hesitant to do so, now is the time. Think of it as a sign from Elliott. In a past forecast a little over a month ago, I advised entering an ending diagonal trading strategy in DeFi tokens (https://t.me/eightyninewaves/3235). If you followed that advice, you’re already in plus by an average of 40%. And if you haven’t followed it, what are you waiting for?

This is the last bull cycle of crypto, and it is at its very beginning – no one is interested in the topic right now, except for our community. This is the sentiment of the series of the waves 1-2. The structure is completed or almost completed everywhere else as well. We can’t wait any longer, I think. We should take it!

#DEFI. A hike continues according to the arrows, last forecast in the channel @eightyninewaves’s December 5.

I am often criticized in the comments that I only invest and label cryptocurrencies that I see practical sense in – ETH and BNB. I’ve recently added TWT and TON to my reviews and portfolio, but I completely ignore buying hype shitcoins that jump hundreds of percent in a day. Why?

Firstly, Wave Analysis needs a long trading history, otherwise it is simply impossible to build a hypothesis and a trading plan. Second, this is the crisis phase of the market, and while it works like a tsunami that destroys sometimes exchanges – no one, even a very professional surfer can deal with such waves.

And, as a consequence, I think that the most profitable now is to wait for the beginning of the repetition of history in 2017 in fiat money and first-tier coins, to have something to join the new trend with. And not to look for a bottom – there is no bottom. Only work on the trading system.

Defi index, likely, conceived a reversal in an upward direction. 10 times magnification is planned. Not modestly, but such an option is quite possible to mark. I’m planning on buying some relatively fresh altps this week for a long term portfolio. So far without stops and margins.

As for margin and short-term trading, each coin should be considered individually. You can write in the comments the tickers you are interested in, and I will try to update them here in the near future.

A month ago I showed you the scheme for completing and exiting the triangle [iv] (https://t.me/eightyninewaves/2773). Pay attention to how accurately it has worked at the current moment: both in terms of targets and structure. I am slowly adding into the position on the defi index, in May I am waiting for the crypto spring. But I don’t forget about stop-losses, of course.

Triangles are the most profitable model of Wave Analysis at a distance, we pay special attention to them when teaching beginners how to trade and invest. They are easy to identify, so easy to find. They continue the trend, which means they are more likely to work out than other patterns and figures. And the trading strategy for taking positions in them allows you to take movements with p/l from 3 to 20.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

#DEFI TF: 4H

As for my view on the DeFi index of tokens, I described it in detail a month ago (https://t.me/eightyninewaves/2713), nothing has fundamentally changed since then – the wave [iv] is forming in the form of a triangle, followed by exit to historical values. Now I want to talk not specifically about it, but about triangles in general.

There are different triangles in Prechter’s book: expanding and contracting, barrier and skewed, running and not. There will be a separate longread about the first two types and what is the problem of expanding triangles. Today I want to discuss barrier triangles with you.

#DEFI #DeFiIndex TF: 4H They look like regular contracting ones, are labeled as regular ones, traded like regular one. In general, they follow all the rules of ordinary triangles. Should they be singled out as a separate type of figure? Unless, to confuse everyone. At 89WAVES we teach contracting triangles, in which rarely:
– wave C can end near relative to wave A;
– or wave D may end in exactly the same place where wave B was previously set.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#DEFI #DeFiIndex TF: 4H

The previously indicated triangle in the supposed wave [iv] with targets for the wave [v] from 22k and higher is gradually being completed. That is, the minimum upside potential of the defi altos is on average more than two times, with a stop-loss of 40% of the current price. A good investment for the current year, so about 10% of my portfolio will consist of these tokens. A risk of 4% is acceptable with an expected return of 20%-30% per portfolio.

If you want to know which tokens I’m looking at – put likes, tell your friends, and write comments, then over the next two weeks we will analyze several promising coins for the current year here :o)

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#DEFI #DeFiIndex TF: 4H

I was a little in a hurry to send the defi index to new highs (https://t.me/eightyninewaves/2551). But the triangle conjecture in [iv] remains in work. Triangle [iv] is the main scenario and allows you to build a trading plan. Place a buy-stop order on the upward breakdown of the correction channel (c) at the green level and the addition on the channel’s retest in the wave (e).

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#DEFI #DeFiIndex TF: 1H

The triangle hypothesis [iv] received its first confirmation, and now nothing prevents the growth of the defi token market. By tradition, I bless the altseason and recommend you to take a closer look at purchases with x2 targets in this market right now.

In addition, I expect bitcoin dominance at the level below 35% of the market soon.

Share this channel, please, with other people interested in trading. It is very easy for you and it will be very helpful for me. Do appreciate your help
#89waves

You can ask any questions in the chat: https://t.me/ewt_chat

#DEFI #DeFiIndex TF: 4H