After reassessing my original prediction for bitcoin, it was clear that Wave 3 of the 4th wave correction was too short to really have a good conviction and probable action. This model makes a lot more sense, due to the fact that the wave is now over a longer period of time, which is something common with triangles under the Elliot Wave Theory. This model also...
Happy New Year everyone,
I had initially provided rough counts for wave 3 to be between $33 - $38k with a possible extension into the $50k zone (please see linked ideas below). We saw the 24.3k break and retest completed successfully and as forecasted the successful break of that level has propelled BTC towards my initial Wave 3 projection of 29.8k - 31.7k.
I...
Hello all,
First and foremost, well done to everyone who has hodled through the bear run. It has most definitely been a true test of an individual's investor stamina.
As promised, it's time to take a closer look at wave 3 with the view of establishing more accurate price forecasts. In my previous ideas, I had initially provided rough counts for wave 3 to be...
Hello all,
Not much to update with BTC, the trend is bullish. Price has broken out of the channel having successfully challenge the previous ATH and resumed it's move upwards (please see linked ideas below).
Wave 3 targets remain the same between $33,000 - $38,000.
Follow for further updates, your 'likes' are much appreciated and your comments most...
Evening all,
A quick update on Gold and the fourth wave is still in progress. As mentioned in the linked idea, I'm expecting the corrective sequence to continue into December and print a new quarterly low with the Horizontal support level at 1800-1765 providing some confluence.
I will be looking to take swing positions once this low is in as we are likely to get...
Hello all,
A long term forecast for Bitcoin going into 2021.
I am counting the third wave to be in the region of 33k - 38k USD. An extended third could possibly go in higher but I won't entertain it just now as it's anyone's guess.
In accordance to Elliott Wave theory, the third wave is typically the most impulsive so it is possible that we achieve this level...
Hello all,
A long term forecast for Gold going into 2021.
I am counting the fifth wave to be in the region of 2185 - 2300 USD.
Will provide detailed counts and price levels once we're into the final wave of this leg. Please follow for further updates.
Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like...
Provided the broad market doesn't start to take a real beating & this remains only a correction for tech I would expect a continuation of the trend for the dollar. See the blue shaded area for projected levels where the trend may continue.
Following on from my Gold & Silver analysis I'm finishing up with some analysis on the Gold/Silver ratio. Expecting another silver spike to correspond with the 5 wave in both Gold & Silver. Since the start of the metals rally back 2018 my motto has been buy Gold on pullbacks and buy Silver on momentum. Then close out both at the end of a significant move. Keep in...
