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Cyclic

Possible Cycle TOP for BTC and imminent altcoin rally! Based on trend analysis , support and resistance area with CPR and cyclic analasys of CRYPTOCAP:BTC price action . The vertical lines are the end of the BITCOIN SEASON took from altcoin-season-index/ official website. We should be near the end of the Bitcoin season and going to the alts season (even if not a big one i think) i would probably call it an alt relief. And we could after have a cycle TOP for bitcoin resulting in a prolonged downtrend for the 2024. A price action similar to the previous bear cycle i can expect although with difference . I think that 15k could have been the bottom for BTC with maybe another crash to that area in the coming year. We could retest 18k . ELLIOT WAVES ANALYSIS We are forming the 2° waves wich started in the last dump to 19k and it has now support at 25400/25200 area. If we break below that this will be invalidated and we could be at cycle top with a further dealy for an alt relief. I will post more ideas like and comment if you like , share some opinion !
by KatoshiCoins
2
NXT Correcting before next climb1) #NXT broke out of its long downward slide on 20 March. A Gann Fan was used to confirm the breakout and on 22 March and 23 March #ETC tested the 2/1 Resistance of the Gann Fan and on 24 March #NXT broke through the 2/1 support (see previous analysis listed below) to start its upward trend. The first observation is therefore that #NXT is now moving into a Bullish Growth phase. 2) From 24 March #NXT have been following a perfect Elliott Wave pattern to a high of 0.0000175 BTC before starting an ABC correction. 3) The ABC correction is on the first leg but is likely to drop to the 1.618 retraction / 0.0000165 BTC by the time the C leg is complete in 2 days time. 4) #NXT is a cyclic coin (look at my previous analysis listed below) and will likely climb 1100 % over the next 85 days. It would be a wise investor that waits for the correction to finish.
NLong
by Wetdog544
DGAZ going up!DGAZ has been following a very interesting and predictable trend starting back in August. It followed a channel pattern down from about $8.64 to just under $4.00 in about two months time; hitting major support and resistance lines on the way down. An interesting observation to look at with this channel is that it is following a cyclic pattern as well. The lows are almost in the same position throughout the cycle and the highs fall right in between each low. The channel is then broken and jumps to the previous high and falls back. This retracement could be the start of another channel; and if you look closely, you'll notice it follows the same cyclic pattern the previous channel had and bounced off the same support/resistance lines. We could see the price rise from $3.03 to just under $4.00 (~33%) in the next week. At this point it could either follow the channel (most likely) or it could break the channel and bounce of the next resistance line.
DLong
by garrettmoody
2