If wave (b) has really been completed, we are in wave (c). This means that Bitcoin will lose more than 98% of its speculative capital. This would correspond to a price between 900-1000 USD.
Looks like we'll see an epic fall soon. The last sub wave of wave c (b) is probably over. A huge bearish divergence is forming on the weekly chart. There is a huge greed and euphoria on the market. Global infectious numbers are falling sharply and the curve of active cases has broken, which could mean the end of incentives and the subsequent collapse of the entire...
We can see in the graph that we are at the top of the growing channel. Wave (b) returned more than 100% of wave (a). This means that for now it can be expanded FLAT. As we can see the wave c reached 1.618 Fib Channel. Notice how the market behaved in December 2017 and compare from the present. We see that it first reached the peak of BTC, then XRP and finally ETH....
So far, we can see the Zig Zag correction on the XRP chart. Now it looks like wave (b) has been completed and we are in wave (c). The first and second waves are not on the chart. I took this from the chart on Poloniex where is the longest history.
It is still true that we can be in the Expanded FLAT correction and we can delete more than 95%.
If we are in wave (c), we can scalp with a high probability of success. On the chart we see WMA 21 (MA 147), which has always been tested in the bull market. On the volume profile we see a point of control above 19000. At the same time it is approximately past ATH. Growth trend line from low 3850. Here is the extreme probability of reflection. The conservative...
Ethereum failed to overcome ATH. If wave (b) has been completed, it is Regular FLAT. Wave (c) must return the whole wave (b). Due to the Expanded FLAT structure on Bitcoin, Ethereum will fall much lower. Chart correlates with my prediction on Bitcoin.
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART VIII The Invalidation level has changed since the last episode. This is because the Fibonacci Retracement wave (a) was not switched to logarithmic scale. Now I have all scales switched to logarithmic. Note how many days it took from the top of the wave (V) to the top of the wave a...
Welcome for another grand update on Bitcoin part of THE BEAR MARKET CONTINUES PART VII Final Target = 1443.63 USD Potential bottom = 1011.66 USD Hidden GAP 1319.47 - 1814.76 USD Right Fibonacci Retracement wave (b) Left Fibonacci Retracement wave (a) On RSI you see a red horizontal line at 53.34. She was a support throughout the bull run in 2016-2017. Whenever...
We see a falling wedge and a bullish divergence on the chart. This means that soon this index could shoot up from this wedge, and that would mean the collapse of the economy and, as we already know, Bitcoin is copying stock markets. The long-awaited wave (c) could arrive at BTC.
The crowd thinks we're in a bull run when we're at ATH. But something is wrong. On the chart we see huge sales volumes and almost 3 years of bearish divergence. The new top can be wave b. The whole correction could be extended flat. In extended flat wave b can return 123.6% of wave a. In this case c can return the whole wave b or even more than 161.8% of wave b.
If XRP deletes the whole weekly candle, it will get below the growth trend line, which starts in January 2017. We see that we bounced off it. That would mean a really big fall.
We just tested the monthly resistance to the total capitalization. We can notice that when BTC tested the Monthly resistance, we created wave a. Now wave c (b) could be completed.
BTC exceeded 81% of wave (a), meaning it's not a ZigZag. FLAT is considered. In normal FLAT, wave b returns 81 to 100% of wave a. Wave c returns 100 to 138.2% of wave b. This would mean that wave (c) will end in the range 3148 to 1602. The internal structure of wave (b) is also normal FLAT . 138.2% of wave c is 18705. We should not overcome this level, otherwise...