gz1968

gz1968

First, Bitcoin Dominance is bullilsh for altcoins. Bitcoin Dominance does move in Elliott wave patterns. Which one might not expect, as it is a 0% to 100% chart of market caps. Bitcoin Dominance (BTC.d) is finishing up a wave IV corrective ABCDE triangle pattern. Leading diagonals are not allowed as any of the legs of a triangle. But, I can't figure out a way...

gz1968

XRP looks to be forming one huge expanding diagonal for the entire bullrun. It is common for the 5th wave of an expanding diagonal to be truncated. I show target prices of $8.8 to $13.8 for this scenario. I would point out, to be valid the 5th wave must be greater than the 3rd wave for a valid expanding diagonal, which occurs at a price of $2.4 Another...

gz1968 Updated 

I've long held to the theory, that the 2011-2013 BTC bull run is equivalent to the 2015-2021(22) bull run. So my fibonacci lines are from 2015 low to 2018 high. I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run...

gz1968

XRP looks like it formed one huge expanding diagonal for this bull run. Next stop, $10-$13. Hang on.

gz1968

You might be asking, why is VET on this chart? VET is pretty representative of most altcoins concerning its 12345 wave count. So, coins with a short history like DOT, I will plot them with VET, to find the 2, 3, 4 pivot points. Then I can throw a channel on them. Which is what I did with DOT. DOT looks like it could top out around $130, maybe $150. So, the...

gz1968 Updated 

I checked the box "Fib levels based on log scale" in my fibonacci tool. Then compared the 2011-2013 to 2013-2021 sections with the fibonacci tool. When stretched out, they are very similar. I discovered that in 2013 and in 2021, just before the dip, both reached 1.618 fibonacci. Additionally, in 2013, BTC topped out in the 1.786 to 1.886 range. Which could be...

gz1968

BCH is forming one huge leading diagonal. This would give a rough target of $2200. They could front run this last wave. Keep that in mind. My chart is messy with my detailed count. But, I think the diagonal is obvious. I shared my chart, so you can view it in detail.

gz1968

I show, that no matter which pivot you choose for wave (4) for BTC, a pitchfork analysis shows, that a BTC wave (5) final top range of $72k to $83k top is very plausible. So why the $72k to $83k range? These numbers have some interesting confluences. I'm not a fortune teller, all I'm saying is sleep with one eye open for this low BTC target price (compared to...

gz1968

I'm just posting this simple chart to show how a curve trend on the BLX log graph can give varying BTC price target tops, to an extent. On this chart, I drew two valid curves, which shows a BTC top of either $72k or $100k. I could have easily drawn a third valid curve and made it $120k. Depends on how you bend the curve while touching the tops. And of course,...

gz1968

Did we just do a 6 day mini Wyckoff, with similar pattern to the recent 62 day correction?

gz1968 Updated 

I show BTC has forming a 1-2 1-2 wave pattern so far. This would be a very bullish scenario. Also bullish, is that that 50 day is about to intersect the 200 day MA for a golden cross. I traced over my 200 and 50 day MA on a daily chart so that the lines would stay in place when I switched to hourly. The leading diagonal is a 5-3-5-3-5 type. The last red wave 5...

gz1968

I'm getting a 12 12 pattern. Very bullish. Using standard fibs, I attach a rough-map chart below showing where BTC can top at for the big picture.

gz1968

I was watching a video by "Game of Trades" dated August 31, 2021. He went over a JNK/TLT chart. I HIGHLY recommend it! It was the first time I had ever seen this chart. The shape at the end caught my eye. I thought, hmm. That looks a bit like the BTC (BLX) correction pattern. So I first drew a JNK/TLT chart then put the black tendency line at the JNK/TLT...

gz1968

This is my bull run road map to the top ranging $72k to $82k. I'll adjust as needed. $72k is 4.236 fibonacci by the way. 2013 bull run ended at 4.236 fibonacci. The $82k matches with my other chart below that I made earlier.

gz1968 Updated 

I'm seeing a triple 1,2 Elliott wave pattern. For those not familiar, this would be an impulse wave nested in an impulse wave, nested in an impulse wave. It would be bullish as hell. Let's see what happens!

gz1968

Here is my Elliott wave (IV) count. I really can't call it mine. I watch Tradedevil a lot, so of course I borrow and copy things. If you look in the Elliott Wave Principle online book, section 1-9 (1-8 link) it discussed a special ABC wave with a short A and a long plunging C. I think this explains the (W) wave in my chart. Especially considering the 100s of...

gz1968

Yep, Tether (USDT) printed again. Close to $1 billion USD. And at the same time, BTC started rising. Bad news for the bears, trying to fight this printing press. The chart plots the USDT market cap along with BTC. USDT market cap is around $64 billion. So $1 billion is not chump change.

gz1968 Updated 

I plot XRP, Feather, DASH at the 2018 top with BTC to demonstrate this. They were well known back then. Will history repeat? No idea. In 2018 BTC peaked, and some alts peaked at same time as BTC like DASH. But other alts, like XRP and Feather kept shooting up. BTC went down, then retraced back up to 0.707 for the last hurrah. And many alts peaked at that...