While we remain bullish - longer term - on bitcoin we are tracking a bearish count that takes us much lower before the next leg higher in BTC to $100K+ Simple elliott wave chart that shows at a high level the possibility.
GALA has been tracking our original corrective thesis (see: ) quite nice. While we technically *may* have a bottom in place the count would look better if we made the dreaded 'One More Low' which would target low to mid .30s.
Consider that every previous massive pump in BTC has been followed by close to a 90% haircut. Is 'this time different'? Time will tell however until proven otherwise I expect the same. Simple Elliott wave chart showing how, according to bearish thesis, we are simply in a B wave correction that will be followed by a sharp, painful C wave down.
gonna keep this chart super simple. what has happened to BTC after every massive pump? to wit: my shocking unfathomable prediction is that BTC will utterly collapse and become worthless. do NOT extrapolate this to mean i am long term bearish on cryptos. i am not. there will be a number of cryptos that survive the upcoming 'dot com crash' and go on to have...
My oh my where have the bulls gone? It seems like it was only a few days ago that everyone (and their grandma) was hyperventilatingly long. We've been warning since early November () that BTC, and cryptos in general, were overdue for perhaps a quite significant correction. Indeed. We are currently tracking two scenarios. One for each of you my bull/bear...
CUBE looking bullish to this chartist. Nice fractal symmetry (highlighted by circles) from previous pump. 50% pullback from top of wave 1 high and developing bull pennant. Like this chart and im long.
Update on our BTC thesis originally published 2 weeks ago here: We are coming into the red corrective zone's end that should - if you're bullish - begin the run to complete a larger 5th wave in the $100-$120K region. If you're bearish, well, this party's just getting started :)
Concerning fractal analysis for the bulls in the crowd. Compare the purple boxed fractals, the green and the red. Very similar patterns to how we topped last spring. If the pattern holds we are now in the red box and I would expect a pattern similar to what is referenced by the red arrows. Buyer beware ..
Currently we are tracking two scenarios with respect to Ether. 1) Bull base case: Currently we are completing the 'A' wave down (in red) to be followed by a 'B' wave bounce and which would then complete with a final 'C' wave down. This pattern also mirrors the fractal shown by the green circle that occurred September/October. This would be followed by a...
Simple chart. Not much to add. Looks like more pain for SHIB.
Lower we go chart says it all. Will reassess from lower levels.
Not touching this one. Irrational blow-off 5th could run awhile longer or reverse hard soon. Buyer beware.
We're going lower. Keep in my the 'C' on my chart is best case. In all likelihood BTC will go much lower but this will be a useful point to reassess.
Base case bear pattern I'm currently tracking. Make of it what you will..
Simple elliott wave chart, yet again folks. If you're bullish this will bottom out somewhere in the 30s and then we'll rally to make a new high. If that scenario does not hold we could have a much deeper and longer correction.
IF you're bullish my suggestion would be to go long around $50K for a final 5th wave up targeting ~$80K or so. Good luck!
Not much to add to the chart. Sweeping compression triangle that should trigger explosive move higher. Stay tuned.
there wont be a pullback to speak of in the super bull count. look for upward sloping running flat and you buy buy buy.