Before addressing the subject I prefer to repeat what I do believe in: - We are in wave 4 in Weekly time frame. Then, based on Elliots correction continues further down just a little bit higher than the 1st wave. - But where is the first wave located? It is in my viewpoint 10K before COVID. - Somewhere in between 10 - 20K there is a very strong reaccumulation...
This is a productive approach based on a supposition with regard to BTC meeting +100K USD. A very clear & vivid long-term accumulation is seen based on the positive divergence between the price chart & the RSI (14) in Weekly time frame. A very good fundamental news is behind EOS. Its technology it great. Where we experienced drop was due to 2 main reasons: 1....
1. Buy: 1.1. In any time frame we buy when price is seemingly plunging & RSI is gaining strength. Here we "MUST" watch only. 1.2. Then, a consolidation starts during which we can be almost sure that there will be no more descending move. 1.3. Being familiar with Harmonic Patterns during growth, consolidation & downturn cycles would of utmost help. 1.4. Next is...
Much has been said so far on BTC's future fall or rise potential. I prefer what the chart is implicating. Firstly, following several years accumulation 65K is not were BTC is going to crash. In another words, during this cycle I found how to technically find a target in which I truly believe : Though bitcoin is much more expensive than ever before, I have...
Cases of a sudden & temporary price abruption are abundant in cryptos. Yet, I prefer to follow up more conventional trends as a real investment like BNB, UNI & crypto.com, or ETH at best. Catching what is really valuable over time requires skimming, scanning, reading & studying. Back to subject I expect EOS to outperform if Bullish Global is actually established....
One by one the alts have either completed their first weekly super waves or the 3rd in my opinion just like what NEM did. Back to Dash in Weekly time frame wave counting would be like this: 1. 1st Weekly Elliot: 09 Mar 20 - 03 AUG 20 from some 30 - 107 USD. (300%) 2. 2nd Weekly Elliot: 03 AUG 20 - 02 NOV 20 from 107 to 63 (-40%) 3. 3rd Weekly Elliot: 02 NOV 20...
If daily Elliots are correct, then 5th impulsive wave is coming. What is coming next? Usually -80% correction toward 0.382 Logarithmic Fib. is expected. This is not a financial advice.
Do you remember an analysis I posted here "Hold on to EOS"?
I expect NEM to grow again for the following reasons: 1. Weekly SRSI : Oversold 2. Weekly Positive Harami Candle 3. Weekly RSI (14) : has support and is showing accumulation 4. Weekly RSI (2): we may need to look for another dip which make another Higher Low and then buy. 5. Descending Trend Line needs to be broken up 6. Fundamentals: based on FCAS framework of...
Followings have been checked (Weekly Logarithmic): 1. Weekly RSI (14): Seemingly BTC has a strong Support Cluster as shown. 2. Weekly RSI (2): in the Oversold zone has made a low and bounced back up. We may need to wait to see another Higher Low here. 3. Weekly SRSI: as shown it is inside the oversold zone and the K line has crossed up the D line. 4. An ascending...
Let's address a very important viewpoint put up in the subject in different view point: - Newborn animals start growing very fast in the beginning, but gradually their growth rate decreases cause there can be an an extent to which more growth sounds abnormal - meaning that the nature hammers the growth rate and maturity brings with it "New Rules". - Another...
Based on an editorial I have read some five years ago from Harvard Business Review there are two problems with our modernized life which specifically had been addressed for Business Managers. Generally, two main problems were introduced: 1. Attention Deficit 2. Attention Deficit Disorder First type is due our todays bombard with the huge & too various ranges of...
This time I have tried Fibs Pitchfan. If it is done correctly, then I expect 460 - 475 USD. - Logarithmic potentials are illustrated. Though 3000 USD seems achievable during 2021, yet more realistic & lower targets can be considered first. - It can be locally shorted but in daily and weekly looks like bullish. - The market seems to be undecided at the moment -...
Sounds reasonable to see XRP in different logarithmic channels made during the last 6 months so far. Is it getting more bullish now? Do not forget to manage your risks & capital. This is not a financial advice.
1. Weekly wave counting has been done Productively & not Reactively. Yes! It is only a suppositional future possibility. 2. Basis? Market Phases & Cycles: - Accumulation - Distribution - Re-accumulation/Re-distribution - Market UP - Market DOWN 3. The mid-term newly weekly channel formed seems to be credible as another proof to the Elliot. 4. When the 5th wave...
Chart is self-explanatory & it is not a financial advice anyhow. Take it or leave it! :-) Please check my previous posts on everything! I do not consider the technicals only.
1. ADA has attacked $1.55 "3 times" and has failed to surpass it. 2. Longer term target is $5. 3. First mid-term downturn can be at 0.80 which overlaps the ascending channel midline and if it is lost then 0.41. 4. If wave counting is correctly done, then the 4th Weekly wave is signaling a couple of months downturn mainly pointing toward 0.41. 5. Triple top can be...