UnknownUnicorn4306966

UnknownUnicorn4306966

Gold is almost ready to embark on its fifth and final wave to test the $1800 resistance. Enjoy your last supper, goldbugs! :)

UnknownUnicorn4306966

We keep hearing from long-time goldbug, Peter Schiff, that Gold is about to moon while Bitcoin is going to hit the dirt soon. Out of curiosity, we did an analysis on Gold and the truth is far from the heavenly optimism preached by Peter. The monthly chart shows that Gold is likely trending in a huge corrective wave of a leading diagonal pattern. In fact, the...

UnknownUnicorn4306966 Updated 

Very near-term forecast for Bitcoin.

UnknownUnicorn4306966

Today's set of counts ought to be more accurate than the one from yesterday's forecast. By allowing the leading diagonal to start much earlier, we would able to justify yesterday's surge from $6500 to $7200 as Wave (2)/B. In the counts are correct, then what comes next would be a bearish wave that takes us down to Wave (3)/C. Obviously, if this upcoming...

UnknownUnicorn4306966

Bitcoin is looking extremely bearish following the bearish breakout below a short-term bullish trendline. What's visible in the Bitcoin chart is the Adam and Eve double top that is definitely plaguing the market and encouraging more sellers to dump their BTC holdings. The price levels that we will be buying Bitcoin are as shared below. LIKE this chart if you...

UnknownUnicorn4306966

Three days ago, I shared a forecast here giving everyone a heads-up of what to expect from Bitcoin. The main reason I posted that forecast was because the top traders here were far too bullish at that time, to the point where they ignored all the tell tale signs of a bearish continuation that I mentioned in that forecast (click chart below). Today's forecast...

UnknownUnicorn4306966 Updated 

Tell tale signs that the Bitcoin markets may see further correction from current price levels: 1. Potential double top bearish pattern (circled). 2. RSI has receded from breakout and back below resistance trendline. 3. Wave traders should take into consideration that the "C" wave has not yet been found. 4. The bull flag is too obvious and likely be a trap. Good luck!

UnknownUnicorn4306966 Updated 

Let us go through the facts to understand why I am NOT convinced that the Bitcoin rally is over. From the chart, we can see that the daily EMA 15 (purple) and EMA 40 (yellow) support levels have both played a crucial role in this year's Bitcoin rally. In the past 5 months, Bitcoin has dropped down to the yellow support multiple times prior to a bullish...

UnknownUnicorn4306966

The Bitcoin markets are once again revitalized as price moved past a crucial resistance level near $12200. That said, we should not get too excited yet because today's candle still needs to close above $12200 before further upside can be expected. We are likely to see some sideways action within the "new consolidation range" between $12200 - $13000 over the...

UnknownUnicorn4306966

Yesterday's daily close above the $300 key resistance meant that Ethereum bulls are likely eyeing new highs. That said, the market could see further consolidation within the ascending triangle pattern in the next few days but a test on the upper triangle at $325 - $330 is very likely. Even though this kind of pattern tends to be bullish biased, we should not...

UnknownUnicorn4306966

Exchange-issued coins like the Huobi token, Bitfinex's LEO and Binance coin have recently captured the interest of larger markets and doubling their price without regard to Bitcoin. Undeniably, our BNB/USDT trade from April 11th has turned out to be one of the best trades we had so far this year, earning us a solid gain of 130%! Below is a chart I posted on May...

UnknownUnicorn4306966

Despite Justin Sun's "multitaneous" tweets, momentum keeps fading from the TRON markets as we saw price revisited a crucial trendline support over the past week. Perhaps investors fear that the US SEC might see TRON as a security following the recent kickstart of a $20 million TRX buyback by the TRON Foundation and slap a trade ban. In terms of technical, the...

UnknownUnicorn4306966

The total market cap for alts show huge potential upside in the coming weeks. Load up your bags and get ready to MOON because the Alt Season is back!

UnknownUnicorn4306966

The near-term outlook of the Ethereum market has turned bearish following a quick dip below Key Level 1 at 135 that broke its near-term market structure. Though Vitalik is still clinging to that level for dear life, that tiny drop of blood he spilled into the calm waters is enough for the sharks to home in for the kill. It is just a matter of time before his...

UnknownUnicorn4306966 Updated 

After weeks of relentless consolidation in a range-bound market, the Ethereum Classic (ETC) finally made its first northward stride by storming past key resistance level of 4.50. Before the celebration could even begin, price has approached yet another critical hurdle at 4.75 that could halt further advancement for the comeback kid. From the current market...

UnknownUnicorn4306966

Let me start by saying that I am not spreading FUD. What I share with you is an unbiased chart analysis of the worst-case scenario for Bitcoin based on historical data and technicals. As with all analyses, this analysis may or may not materialize so keep an open mind while you are reading it. Reasons for this scenario to happen 1. The Elliott Wave counts...

UnknownUnicorn4306966

Bitcoin is trading dangerously close to a trend reversal level. Market sentiment has already turned to greed and alts are lagging behind - all the signs of an impending crash.

UnknownUnicorn4306966

Dogecoin is a lucrative seasonal trade when you buy it at the right time. By analyzing its weekly chart, I might have worked out the timing of its seasonal rallies. If my calculations are correct, the next rally cycle could happen in early May this year, depending on the market of course. Price could drop below the base trendline of the triangle so going all in...