Not sure why there is such low volume on CRYPTOCAP:XRP but the sentiment is still the same IMO. The Crypto winter is HERE I think XRP is potentially being manipulated by the alphabet boys SEC. CRYPTOCAP:BTC is in an upward channel to test 50K CRYPTOCAP:ETH has broken out to test 2500 Why is CRYPTOCAP:XRP so stagnant??? We have taken out the sub .60...
n a strategic move that has already yielded over 500% returns, our pitchfork range has proven to be remarkably effective. Recently, we shared our algorithmically-driven channel for Ethereum, a cryptocurrency that, when moving sideways, showcases an impressive accumulation of orders and unwavering respect for algorithmic levels. Currently positioned at the 50%...
Likely scenario in a during #Crypto winter 2014, 2018, 2022 more evidence #Bitcoin likely to bread down it seems
A follow-up to my pervious invalidated long term idea of BItcoin reaching $3,000,000 within the next decade.. (to state it explicitly, this idea has largely been invalidated by further review of Bitcoin's macro price action). This idea will be largely contrary to my previous. Based on a number of subtle signals discovered through Bitcoin's price action review, I...
At least for a relief bounce to horizontal resistance Taking things step by step Level by level Before we can call a reversal of course. Bullish Divergence on the momentum structure as well
More data leads to more accurate analysis and forecast. According to my last #bitcoin forecast which was published on tradingview (Link down below) on May 26th 2022, I was expecting a down move to 11.000$ before finding bottom. But more data has prevailed since then that leads me to believe that we have found a bottom and we are aiming for another up (25k - 27k)...
Everything is crystal clear on the chart, but where do you think bitcoin will top on number 7? 24k to 27k is really possible....
With a 70% drop in value over the past 8-10 months, its easy to understand why many traders consider price levels of $3K, $10K, $14K, $16K and even $0.00 as appropriate at this time. Relying solely on Bictoin's price structure, even to consider the waves from its all-time low, I find all of the above mentioned targets as doubtful in the least (though I have been...
#ADA's recent price performance has been extremely weak to say the least. And unlike many other stronger #Alts is testing and breaking the June lows. No comment on the Technology , (strengths or shortcomings) of the ecosystem. Simply observations from a Technical perspective, This coin has given plenty of opportunities on the upside, as shown by the previous...
MATIC has almost completed its bearish correction. We are now on the final 5th wave (subdivided into 5 waves) There is still a chance to get in on the final shorts with hard stops above the blue structure. The bigger trade will be getting in on the bullrun. Expecting price to go below the recent lows to fulfil the wave 5 criteria. Trade idea: - Watch for 5...
$BTC 👀 - 🚨Market Update🚨 - 08/29/2022: 📌 As anticipated, #Bitcoin performed a #Wychoff #Accumulation cycle over the weekend. Of the which, simultaneously completed our Wave 5, in black, of the Minor #ElliottWave degree. 📌 Combining both concepts of Wave 5 from ElliottWave and Wchyoff's Accumulation schematic, I have even more reassurance to place various...
Admittingly, I am beyond fascinated by the structure and massive growth that Bitcoin has seen over the years. I don't mind acknowledging the fact that I was late to crypto and trading too, to an extent. My missing of the initial take-off has nothing to do with this prediction and I share it with no bias at all. While I do believe that cryptocurrencies are now a...
BTC on the weekly chart is in a persistent downtrend for this year. In recent weeks, a bit of a bear market rally has occurred and stochastic RSI is now at or above 80 while the MACD has K and D lines touching. The weekly candle is a red Doji. I see this as about the same as the pattern of early April. I conclude that BTCUSD's bear market rally is...
This is an example of how within one set of waves, smaller fractal waves exist.
I am expecting Bitcoin to continue it's downward pursuit, as we slowly but surely are making our way to the completion of the corrective wave c (of larger corrective wave B). In the near short-term, I am spotting some institutional points of interest such as #imbalance and #Liquidity. It also appears to be performing another potential ABC Flat Irregular/Expanded...
Possible extension of Wave C (in the minute degree) of within the larger Wave B (in the Minor Degree). Extensions can only occur within Impulse Waves 1,3, & 5, therefore extensions can also occur within Waves A & C of corrections. Extensions, are better known as nested waves. As we know that within Elliott Wave theory rules, Wave 4 cannot overlap with Wave 1....
As of July 23rd, 2022 @ 11:36AM (MST) #Bitcoin is to complete the smaller #fractal #corrective wave 4 (in red) and #impulse wave 5 (in red), within the bigger corrective wave (c) . Once Bitcoin reaches the green #shortterm #buying #accumulation zone, we would expect a #wychoff schematic of #accumulation to take place #signsofweakness, #lastpointofsupport,...
This my personal opinion of what I anticipate Bitcoin doing. After completion of Supercycle Impulse Wave (I), we are expecting Supercycle Corrective Wave (II) to complete and bottom out somewhere around the range of $11k to $1k. My analysis consists of Elliot Wave, Institutional Points of Interest, and anything technically relevant.