This is amazing how accurately the price action is repeating itself over and over again! Take the bar pattern from the 21st of May and you will notice that the current price impulse started the 21st of July is basically identical! Based on that we can expect a BTC price consolidation around 11300 $ for the next few days/weeks - after that we will experience a...
Hi All, In this chart I want to show you this amazing correlation between the historical consolidation phase on silver futures contracts and the XRP consolidation we have been experiencing recently. Between 1980 and 2004 we had a 92% drop in silver price and a long lasting accumulation phase after which we exploded 1063% from the price bottom of March...
Everything is just a fractal ... According to this one XRP will reach the price o 10 $ in Jan'21 and 40 $ in mid 2021. The candle pattern is derived from the XRP price action that took place from Nov'14 to mid 2017.
As you can see there is a perfect fractal price-action match between BTC and NASDAQ. The orange bars below the BTC graph is the NASDAQ price action on a weekly basis, taken from Apr'98 till today. It went through the "dot.com bubble" in 2000 - just like Bitcoin had his hype rally in 2017 - then to a period of consolidation and coming back to the mean after which...
After retesting a strong support level at 4.05 we had a nice bounce off. Have been consolidating in this ascending triangle for the last couple of weeks. Now we are completing the 5 Elliot Waves pattern. Bulls gaining momentum. If we manage to break through the upper triangle resistance level we can expect the price to reach 4.30 which converges with the 1.618...
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We have a bearish harmonic pattern and a following double-top formation . Following the 2618 strategy - we got a test of the .618 Fibonacci level of the double-top formation. Now we can expect a further downward movement. Stochastic and RSI indicators are supporting bearish momentum. The bearish harmonic pattern should also retrace to it's .618 Fibonacci level...
Investors hearing about the US dollar market cycles are initially skeptical and doubtful. However, it became clear in 2017 that three 16-year cycles had completed over the past 48 years. The euro had started to rise from $1.05 and 16 years had passed since the prior cycle started in 2001. It should not be a surprise that cycles exist and repeat in the dollar....
The markets from Monday wil start falling again. Bictoin will most probably follow the panic selling. We should see a retrcement to around 5000 $ pretty soon. TA: Price broke the Ichimoku cloud (bearish signal) Ichimoku cloud turning red (bearish signal) H&S pattern in place RSI divergence confirming H&S pattern, RSI heading oversold area MACD falling...
Hi All, In this sceario Ripple is definitely going to rule all the international transactions worldwide. Pretty ambitious... but in the crypto space impossible is nothing! In the previous XRP price explosion (Feb'17 to Jan'18) we went from a valuation of 0.0045$ up to 3.5318$ ! A staggering increase of 78 000 % in less than 11 months! If we go a little bit...
We are currently breaking through this beautiful bullish Pennant formation (polish: chorągiewka). Target: 4.65 and beyond
Hi All, I think we will see the Euro trading at the price of 5 PLN until the end of this year. Here is WHY: From a fundamental perspective: Capital in times of panic and distress migrates from emerging markets (Poland is still regarded as such by many investors) toward the US dollar (and other safe currencies such as: JPY, CHF and EUR) -which is then...
This is a short-term retracement that is expected to take place after such a dynamic impulse. TA: H&S pattern, confirmed by divergence on RSI and falling volume falling RSI I didn't want to mess up the chart so I excluded from it the Ichimoku indicator. We just broke into the Ichimoku cloud. What is more the cloud i reversing - turning red. Those are...
Hi All, As you can see this is a bold short call proposed by a stubborn gold bug ;) This previous analysis turned out to be very accurate. We have completed the 5 Elliott wave pattern and now I expect a healthy ABC correction. To support that idea we have: a nice bearish Harmonic Bat Pattern divergence on RSI indicator bearish pin-bar that is not...
The price broke the 200 MA + it made through the Ichimoku cloud. I think we have an ABC pattern in play and the price could drop to an increadibly low level: 35$ GL & HF ;)
Hi All, We have a nice bullish setup here. The Cup & Handle pattern will push us up to 1605-1610 $ area (this will complete the 3rd impulse Elliot Wave) where a Harmonic Bat bearish pattern will be triggered for a small retracement that will constitute our 4th impulse Elliot Wave. We will retrace to 1570 $ level and then the last bullish move for these sequence...