Using Elliot Wave theory, my prediction is that BTC will first reach a new ATH of around 21/22k (Q1 2021) before gradually correcting to 10k in wave 4 and then go on to push higher towards 50k in wave 5.
BTC looking super bullish, if this momentum continues, 20k could be broken very soon and form new ATH.
AXS Is currently plotting a bullish rising triangle, and looks set to break out to the upside in not too long. A close above 0.55 will confirm breakout and seal the deal.
Arpa has turned bullish over the past week and is now eyeing up 0.22 level. Keep an eye on the yellow trendline, if it breaks, then it would had been rejected by 0.22 and face falling back down to lower support level at 0.19.
From looking at the fib levels in BTC, I would say that it is on course to hit at least 21k in next couple of months before staging a pull back sometime in Q1 2021.
With Alpha exploding over the past couple of days and with RSI off the scales, could Alpha now be correcting in to a H&S pattern or preparing for it's next break out? Too early to call whether it is plotting a Bull Flag or H&S, but time will tell!
Now that the sell walls are falling one by one, DIA is cutting through the fib levels like butter and with Kucoin due to buy back the $3 million of hacked coins by 22nd November, DIA will be unstoppable.
INJ has hit a new ATH in past hour, albeit by 0.49c but the key thing here is that $1.40 resistance has now flipped to support. With this new support level, I would expect for the next upper resistance level to be around $1.60.
FLM has broken free out of it's ascending triangle. Resistance at 0.175 has flipped to support, with first target being 0.25.
Currently INJ is plotting a head and shoulders pattern, I expect it to re-trace to around 0.80 in coming days if the pattern plays out.
The Alt cap is currently coming to the end of a rising wedge formation which could breakout to the downside with major support being around $105 billion.
DIA is currently consolidating within a bullish pennant, breakout likely very soon! 🚀
With BTC Dominance being rejected at 66%, Alts should see a small relief rally before the Alt season really kicks in within the next few weeks, as BTC dominance will finally falling out of the bearish pennant to the downside.
Kava looking strong with bullish bat formation completed, bounced straight from $1.40 support. So long as BTC remains stable, Kava should continue the upward trend.
Looking on the 4 hour, there is a clear head and shoulders pattern in play with right shoulder currently plotting.