You have probably heard about Alligator, indicator which is used by top crypto traders. This powerful tool can increase performance of every cryptocurrency trading strategy and help you to make money on the market. Alligator gives us the precise answer if now price is in impulsive or reactive wave. This knowledge is very useful in building your own crypto trading strategies or even in automated trading bot strategies. Even if you use grid bot strategy Alligator can increase your return on investment because it’s vital to set up grid bot in reactive wave and sideways movements. What is the beast Alligator, let’s have a deep dive into this topic today!

What is Alligator?
Alligator is the best indicator for trend detection. It consist of three moving averages which are called jaw, teeth and lips. Moving averages are frequently used in algorithmic trading bots. They can be exponential, smoothed or weighted depending on particular crypto trading algorithm, but we will use smoothed moving averages (SMA).
Jaw (blue line) - 13 period SMA shifted 8 bars is the future. This is the balance lie of the current time frame, for example 1DTeeth (red line) - 8 period SMA shifted 5 bars in the future. This is balance line of lower degree time frame, for example 4hLips (green line) - 5 period SMA shifted 3 bars in the future. This is balance line of two times lower degree time frame, for example 1h

Please, be careful when you use Alligator on different cryptocurrency trading platforms. Check the correct settings and moving average type. On TradingView it’s correct, don’t worry! 

Trend detection with Alligator

The main Alligator’s feature is the detection the trending markets and markets which are about to explode in any side. This powerful tool can enhance your crypto trading algorithm if you use it in the correct way. On the ATOM price chart you can see the example of an Alligator. As you can see it has two conditions: sleeping and hungry.

Sleeping Alligator is when all lines are crossing each other and the price. This period of time can takes up to 80% of time. This is the market cycle stage where you shall avoid any trading and be prepared for the trending marketHungry Alligator is when after a long period of consolidation price chose the trend direction. It’s an impulsive move. Alligator’s mouth is widely opened and do not crosses the price.

It’s very important to distinguish the trending market because only this type of a market gives you opportunity for the fast and huge profit. Otherwise, in the range bounded market you don’t have enough space for price to make profit for you. Most of stop losses occur while Alligator is sleeping. Another one very useful hint for you. If you use Elliott waves analysis. You don’t need to understand in which wave market is now. You just jump into the impulses and avoid corrections. 
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How to trade with Alligator
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Here is the most interesting part. How to start crypto trading using Alligator? Our basic strategy is to wait when the price will create the first fractal above the Alligator’s mouth and place conditional order to buy one tick above the fractal’s top. We will discuss fractals in details next time. Now you have to understand how to use Alligator. 
Another one hint from our experience is to use fractals only when Alligator has been sleeping for a long time, like you see on the BTC chart. After long sleep and fractal breakout Bitcoin showed the greatest bull run in the history. 

Let’s notice where we should close trade. Almost at the top! When price started showing weakness we don’t need to be in the market anymore. Using this strategy on 1W time frame you can hold assets during entire bull run and sell then before bear market. Fantastic! Isn’t it?

Conclusion

In this article we discussed how you can implement Alligator indicator in your trading routine. This indicator will help you to avoid boring market when you can only lose money and catch every big move. Moreover you can use even sideways market detection if you use cryptocurrency trading bot which earns money in range bounded market. For sure this in not the only one strategy using Alligator. Next time we enhance our approach with other tools and see in details how Alligator improve their profitability. Moreover, soon we will live stream where practice trading with Alligator. See you next time!

Best regards, 
Skyrex Team

Cryptocurrency trading has a lot of risk due to increased price volatility. Even the best best crypto traders made a lot of mistakes during the correction which has been started in March. Market can show boring sideways for a long time, about 70-80% of all the time. In such periods even top crypto traders and top crypto platforms face with losses. Skyrex AI Bot has the smart system which detects when correction can be started and define the price range where it can safely accumulate assets for the further growth. It did it in March and it’s doing the same right now. 
Today we are going to share with you the ultimate Bitcoin analysis, according to our algorithmic trading bot so you can use the right predictions in your trading. Corrections are very dangerous and most of traders are scared and panic selling at the local bottoms. How to avoid it? Let’s discuss today. 
Let’s start with the weekly chart. According to our crypto trading strategies first of all we shall check the higher time frame to define the overall picture. On the weekly time frame we can see the entire bull run 2023-2024. Bull run is always an impulse that is why we can count Elliott waves inside it. All impulses consists of 5 waves and our purpose is to count where is can be wave 5 to top to left the market or open a huge short. 
The first thing we can do is to understand where is the wave 3 top. Wave 3 corresponds to the highest value on the Awesome Oscillator. We can see now that we have the maximum AO value and there is the only first week which can be closed red on the histogram. Wave 4 of the highest degree cannot be over yet because we shall see the zero line cross under on AO first. Imagine how big can be this correction. It can easily reach 53k. This is 0.38-05 Fibonacci support levels. That’s why it’s vital to take your profit before huge dump.

To avoid the potential loss let’s take a look at the 2D time frame. This time frame is used to calculate the end of the wave 3. Wave 3 is also an impulse which consists of 5 waves. Looking at the Awesome Oscillator we can notice that wave 4 inside wave 3 has not been finished or may be has not be even started and we still in wave 3 in 3. We think that wave 3 in 3 target area is next to the current price therefore we can measure the correction target. 0.38 Fibonacci level is the reliable target for the wave 4. It’s approximately 59k. Moreover, we can see that wave 4 lower degree ended here, which gives us much more reliable target. It looks logically that price shall retest the support before going higher. 

By switching to 12h time frame we can have even more precise target for wave 3 in 3. We can see that Awesome Oscillator reached it’s top at $73k and then crossed the zero line. It means that now wave 4 inside wave 3 is in progress. It looks like triangle. That’s why we don’t wait big drop now. This multi time frame cryptocurrency trading strategy allows us to be ready for market reversal before the most traders. Now we expect pump to 77k to finish wave 3 in 3 and then the first big drop. 

Let’s summarize all the analysis. First of all we are waiting for the pump to 77k to finish wave 3 in 3, then we will see the wave 4 in 3 which can retest the 59k. Then wave 5 in 3 reach new high. May be it will be 80k+, but the most exact target we will know only when it happen. Then the larger correction in global wave 4 anticipated. It can reach 53k. We think there most of traders will be bearish. That’s why it’s needed to print the last wave 5. In our opinion it will not overcome 100k. Only after that the huge bear market will come to crypto. But it’s not soon, may be in the end of this year. 
Best regards,
Skyrex Team

In this article you will know what is the targets for $BTC $ETH and $BNB for the bull market and how to earn money with low risk.
The current Bitcoin market cycle has proven to be one of the most intricate to decipher, catching even the best crypto traders off guard. The skepticism persisted until the price surpassed $15,500, with many traders and bloggers only seriously considering the possibility of a bull market after Bitcoin broke $52,000 several days ago. It's understandable, as many crypto trading strategies hinge on trend analysis, and until the price exceeds the all-time high (ATH), the prevailing sentiment often leans toward a bear market. This reliance on historical trends can be a lagging indicator of a trend change, emphasizing the need to stay present in the current market moment and comprehend unfolding events.
In the realm of crypto trading, our head analyst and the developer of our AI trading bot, Ivan, shares insights into Bitcoin and some intriguing altcoins, aiming to enhance your skills in crypto trading.
Bitcoin
The AI trading bot on the Skyrex crypto trading platform made a significant move, shifting to bullish settings when Bitcoin broke the $32,000 mark. From our perspective, this should have marked the end of bearish expectations. Now, let's delve into what to anticipate from Bitcoin in the near future.

Examining the Elliott wave structure for Bitcoin on the monthly time frame, the Awesome oscillator, in tandem with waves, forms a robust trading crypto strategy. The maximum value of the Awesome oscillator aligns with the top of wave 3. Despite a reactive wave 4 retracing to $15,500, it didn't overlap the top of wave 1, preserving the core Elliott waves axiom.
While the price is anticipated to break its all-time high soon, a potential bearish divergence may arise as the new Awesome oscillator top is lower than the previous. The target zone for wave 5 is $79,000, calculated based on the distance between wave 1's bottom and wave 3's top, measured from wave 4's bottom. A bearish reversal bar with divergence is expected in this zone for a potential reversal.
Ethereum
ETH mirrors a similar wave structure to BTC, currently attempting to breach the 0.61 Fibonacci retracement zone. This breakthrough could propel Ethereum to new ATH, with the target for the last wave set at $5,700. Observing the price action when ETH reaches this level will provide further insights.

Binance Coin
Despite the FUD surrounding Binance exchange, BNB emerged as one of the strongest assets in the bear market, concluding its correction earlier than the broader crypto market. The Elliott waves structure here closely resembles that of ETH and BTC, with the final target for wave 5 set at $870.

How to Navigate the Crypto Market Now
While traditional strategies involve buying and holding Bitcoin and altcoins until target prices are reached, the unpredictability of market directions can lead to sudden losses and stress. Alternatively, utilizing an automated trading bot, such as our Skyrex AI crypto trading bot, allows for a hands-free approach.
The Skyrex AI bot operates with a low-risk strategy, trading only on the spot, minimizing the risk of liquidation. As the crypto market enters a period of high volatility, the AI bot strategically accumulates assets during market dips, closing trades on the bounce. This approach avoids the need to predict specific price levels, relying on the fractal structure of prices and potential support levels.
In conclusion, while Bitcoin and Ethereum may seem too expensive for investment, fundamentally strong altcoins like BNB, ADA, ATOM, DOT, among others, could present opportunities for investors. For those seeking a risk-averse approach, the Skyrex AI Bot with its low-risk strategy is positioned to perform well across various market phases. #Bitcoin‬ #Ethereum(ETH) #BNB‬