Critique-al-Thinker

Critique-al-Thinker

EOS (EOSUSD) has now pulled back below its 2.33-support invalidating the GREEN pattern. Our now-primary RED pattern sees EOS going a bit lower before potentially seeing a violent reversal upwards! PRIMARY RED Pattern: This sees the correction that started in September of 2021 as a large ending diagonal C-wave completing the larger-degree 2nd wave pullback that...

Critique-al-Thinker

Bitcoin Cash (BCHUSD) has continued to pull back lower and sharper. We have hit a support at around 262, which may be the final low for our GREEN primary pattern. Green Primary Pattern Breaking the December 3rd low tells us that we are now pulling back deeper in a more conventional 5-wave C-wave instead of a 3-wave zigzag. If we are done with the correction or...

Critique-al-Thinker

Dash (DASHUSD) broke its 102.175 support, which invalidates the previous bullish ORANGE pattern. This is significant because it confirms that the larger 2nd-degree correction that started after the May 2021 has NOT yet completed. Primary RED Pattern The RED pattern can take DASH all the way down to 61 before seeing a bounce back up. This sees the entire rally...

Critique-al-Thinker

Litecoin (LTCUSD) invalidated its original bullish count up once the 106-level broke. The now-primary RED pattern calls for a correction down to around 76, which means the bottom should not be too much farther down. Primary RED Pattern (lower-low): Litecoin is in its final C-wave down to complete the larger-degree 4th wave correction that began after the May...

Critique-al-Thinker

I have adapted the bearish RED pattern in Ethereum (ETHUSD) as the PRIMARY pattern, and it could take Ethereum all the way down to 1150! I had the 'trapdoor' opening point set in the 2900-3000 support region, and yes, we have broken below it! We may already be in the 3rd wave of the C-wave down! I have started to unload my positions in Ethereum as we may not...

Critique-al-Thinker

Bitcoin (BTCUSD) has now OFFICIALLY invalidated the bullish PURPLE setup that I covered which had us seeing a nested 1-2,i-ii setup in both BTC and ETH. This pullback is such a strong signal, that I have shifted to the RED bearish pattern as my PRIMARY! This pattern calls for a continuation of the pullback that started after our April 2021 top all the way down...

Critique-al-Thinker

Shiba Inu token (SHIB-USD) has broken even lower as illustrated with the modified primary PURPLE pattern . While we pierced down below our 38.2% retrace mark 3 times now, there isn't anything particularly bullish happening. If that changes, we should start seeing impulsive behavior very soon. However, there is now an alternate RED pattern , which has us already...

Critique-al-Thinker

Bitcoin (BTCUSD) has all but invalidated the most bullish PURPLE setup that was discussed in our last update that had us looking at a nested 1-2,i-ii setup in both BTC and ETH. While officially, that would mean that we are in the GREEN alt pattern (not shown) which calls for an ending diagonal up for our final 5th wave, the RED alt pattern has become SIGNIFICANTLY...

Critique-al-Thinker

Polygon (MATICUSD) stands alone atop the crypto space. Despite all the volatility and pattern invalidations seen across so many of the other cryptos, Polygon somehow manages to keep chugging along. The nested '1-2,i-ii' setup covered over the past 2 updates is alive and well! The rally is so powerful that the alt RED bearish pattern is invalidated! Yes, Polygon...

Critique-al-Thinker

Polkadot (DOTUSD) invalidated its nested 1-2,i-ii setup that was our primary PURPLE pattern by breaking below the 25.75 support. While that is unfortunate and makes the bearish RED alt pattern more likely, the new primary GREEN pattern now identifies our 55-top as larger subwave(i). And that means our standard overhead targets for DOT have risen substantially...

Critique-al-Thinker

Ethereum (ETHUSD) manages to uphold its bullish nested 1-2,i-ii setup along with Bitcoin despite the violent action over the past 2 weeks. For our wave-ii, I had support drawn in the 3300 region and as if it listened, Ethereum flash-crashed to 3315 and bounced right back up off it like a trampoline! We have what looks like a clean 5-wave impulse since that crash...

Critique-al-Thinker

Litecoin (LTCUSD) broke its 1-2,i-ii setup with the crash over the past 2 weeks, but it fares better than ETC, BCH, FIL and EOS which all completely reset their 5th wave rallies with lows that fell lower than their midsummer lows. Breaking the 140.03 support has invalidated the primary PURPLE pattern, so the new GREEN pattern is primary. This pattern sees...

Critique-al-Thinker

Dash (DASHUSD) pulled back very hard again breaking below our previous low of 146.88, which means that we did not actually complete that pesky subwave-(ii) pullback that we THOUGHT we had finished back on September 28th. Therefore, our PURPLE primary pattern has invalidated , leaving the ORANGE pattern as the new primary . This means that our the subwave(i)...

Critique-al-Thinker

With our crypto crash last week, Bitcoin Cash invalidated its PURPLE primary pattern with the break of 386.59. This means that our larger Wave 4 correction that started after the May 2021 peak had been continuing all this time with that purple subwave (i) actually being a fake-out rally! Therefore, the GREEN pattern is now primary, and it has the entire 4th wave...

Critique-al-Thinker

EOS (EOSUSD) appeared to have the much-sought-after 1-2,i-ii setup in place, but then it crashed right through support below and invalidated not only the nested setup but the entire 1-2! The primary PURPLE pattern is invalidated , which means that the correction that started after our May 2021 top has continued all the way into present-day. In other words, EOS...

Critique-al-Thinker

Shiba Inu token (SHIB-USD) has finally pulled back in a more complete Wave II after a powerful, mania-inducing Wave I. This Wave II pullback, shown in GREEN, may be over or it may have lower to go, but at any rate, once the I-II are set, we can make much more confident projections on where the extensions will take us. That said, it is a great time to buy SHIB, but...

Critique-al-Thinker

Dash (DASHUSD) pulled back so hard that we did break our previously-primary purple pattern and are now following the orange alternate pattern. The orange pattern calls the recent low the actual subwave (ii) while the purple subwave (i) remains as-is. LTC, SOL and LINK have also followed a similar pattern in which their nested 1-2,i-ii setups may have invalidated,...

Critique-al-Thinker

Ethereum Classic ( ETCUSD ) spiked down HARD along with the rest of the crypto universe between 12/3 and 12/4! The whole sector crashed so hard, in fact, that many technical supports were broken with ETC being no exception. Breaking below the 32-38 range means that ETC has pulled back LOWER than the origin-point of what we were calling the Subwave (i), so the...