Alpha Wave Capital

Building towards financial freedom, one chart at a time. Here to give you my unbiased view on the market, even when it goes against the narrative.

[Alpha Wave Capital @alphawavecptl]

$CRCL - $270 target

Potential bearish bat pattern forming with a $270 target.

Price is sitting right above the previous key low of $57, creating a very interesting setup with great risk/reward if you take that low as your point of invalidation.

[Alpha Wave Capital @alphawavecptl]

$MSTR

Why I think the HTF bottom is in and a new uptrend has likely started:

Price has reached the .5 fib retracement level measured from the cycle wave 2 low to the wave 3 high, which also merges with the 200% projection of the A wave inside the cycle wave 4.

From that HTF low, price has made an impulsive rally (wave 1), followed by a corrective wave 2, which is now close to completing imo.

Based on the wave count, which remains valid as long as price stays above the wave 1 low, price should start forming its next leg higher (wave 3) in the coming weeks, towards $200+.

Eventually I expect price to reach ATH.

[Alpha Wave Capital @alphawavecptl]

$IREN

Price is likely at the end of the wave 4 correction after retesting the 1.414 - 1.618 fib extension levels, which act like a strong support zone, especially as they merge with other bullish confluences (key high, order block and 200 weekly MA).

In the short term, we could still see a bit of downside / sideways price action before truly marking the bottom and starting the next impulsive leg higher.

[Alpha Wave Capital @alphawavecptl]

@Freedom_By_40 Nice work 👏💪

[Alpha Wave Capital @alphawavecptl]

$BTC

Price is now likely completing the C wave of the primary wave 2 after successfully retesting the 2.618 fib extension level, which coincides with the weekly IFVG (blue zone), making it a high-probability reversal zone.

[Alpha Wave Capital @alphawavecptl]

$CRWV

Price has potentially completed the wave 2 correction here after successfully retesting the weekly FVG and 1.618 fib extension level.

Risk/reward favouring the bulls here with minimal downside risk (invalidation below the wick low) and large upside potential (ATH+)

[Alpha Wave Capital @alphawavecptl]

And the cherry on top
https://t.co/QVAfHvJVue

[The Economist @TheEconomist]

Could the news be much more dramatic? History teaches that an AI crash is likely. But clues from manias past suggest it would not be a financial cataclysm https://t.co/3x8rt21WS0

[Alpha Wave Capital @alphawavecptl]

bitcoin:native IMO likely finding a bottom here based on multiple confluences. AI stocks as well. Posting my favorite setups later today. Let me know which ticker I should cover as well.

$WULF $IREN $FCEL $CRCL $SHAZ $KEEL $ALAB $CRDO $TE $CRWV $NBIS $AAOI $CIFR

[Alpha Wave Capital @alphawavecptl]

@EingeLtrade 🫡😉

[Alpha Wave Capital @alphawavecptl]

$SPCX - $211 target

Potential bearish bat pattern forming with a $211 target.

Clean price action where price took out the key high at $172 (red line) and retested the imbalance around $120, suggesting price is in a clear uptrend.

Great R:R for a long setup here with invalidation below the FVG (blue box)

[Alpha Wave Capital @alphawavecptl]

$SPCX - $211 target

Potential bearish bat pattern forming with a $211 target.

Clean price action where price took out the key high at $172 (red line) and retested the imbalance around $120, suggesting price is in a clear uptrend.

Great R:R for a long setup here with invalidation below the FVG (blue box)

[Alpha Wave Capital @alphawavecptl]

$PL

Price has likely bottomed after successfully retesting the major order block (blue zone) and completing a bullish shark pattern.

Risk/reward in favour of the bulls now, with price close to the invalidation (break below blue box)

[Alpha Wave Capital @alphawavecptl]

$ASTS

Bullish shark pattern completed, suggesting more upside in the coming weeks.

[Alpha Wave Capital @alphawavecptl]

$RKLB

Bullish shark pattern completed, suggesting more upside in the coming weeks.

Looks like correction is over for space stocks imo.

$SPCX $ASTS $PL