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Rivertheory

Two Year Correction on BTC Could be Ending Now (Elliott Wave)With bears losing momentum and bulls starting to take over, it seems like Wave-E is coming to a completion. This leaves us with two possible outcomes. Possibility #1 is that we go straight to ATH from here and start pushing towards 100k USD. Possibility #2 is that we form a wave-F and wave-G, and then at the end of this year we start heading towards 100k. Either way, with wave-E ending we should start pushing to higher prices. Breaking out of the channel will be the first confirmation that wave-E is finished. If wave-E is retraced in less time than it was formed, there's a good chance that we head towards 100k this year. If we get a relatively weak retracement then it's more likely that we are forming a wave-F and wave-G. Based on the channeling, I am leaning more towards this going straight towards 100k from here, but ultimately we'll have to wait and see what happens. Most of the crypto market is likely to follow this trend. Also whenever we do start heading towards 100k it's likely that we see BTC losing a lot of dominance as cryptocurrencies that are technologically superior and actually scalable start to gain more traction.
BITSTAMP:BTCUSDLong
by Intuit
13
Bitcoin likely headed to 4k in January (Elliott Wave Analysis)The failure of the potential contracting triangle with reverse alternation forces us to move on to the next most likely possibility which is that a diametric is now forming here. This means that wave-E should be time similar to waves-C and B, which places the time target in the middle of January. Also wave-E is likely to be quite large as we could see a large capitulation of miners which could bring us to around 4k, under the cost of mining for 80%+ of miners, causing many over-leveraged miners to go bankrupt. After many miners are forced to shut off their machines and sell their coins/machines to pay back their loans, a lot of the sell pressure that they're currently causing will be eased, and it will allow the market to float back up to around 10-20k range, before we see another correction to under the cost of mining at the end of 2020. After this huge 3 year whipsaw the weak hands will be sufficiently shaken from the market and we can begin the next major parabolic bull run that brings us well above the current ATHs.
BITSTAMP:BTCUSDShort
by Intuit
1
WINk Ready to Take Off, Could Reach 1 USD Next YearNeely River Theory is signaling a breakout trade here with powerful potential upside coming in the next few days. Weekly is also painting a long-term bullish divergent bar. There's also a few bullish momentum divergences and we're also above the Daily SMMAs. Fundamentals of WINk have never been better and it is extremely fundamentally undervalued based on the P/E ratio and the size of the dividends. Long-term target based mostly on extrapolation from TRX is around 1 USD, this would be similar percent gains as if TRX went to 100. Because dividends on WINk are paid mostly in TRX the price of WINk will likely be closely tied to that of TRX, but because it's less liquid and produces very large dividends which can be daily compounded, it may outperform TRX. WIN is the current crown jewel of income-producing Dapps. No other dapp in the world produces as large and consistent dividends like WINk, and no other income dapp in the world has a road map as powerful as WINk and is consistently delivering. TRX is to gold as WIN is to dividend stocks. And everyone knows that stocks perform much better than gold in the long-term, especially when they produce huge dividends. This is why value investors like Warren Buffett invest in productive assets like stocks and not non-productive assets like gold or bitcoins. This new asset class is going to bring a whole new class of value investors into the crypto markets over the next few years as it is developed further and becomes more popular. WINk isn't the first and won't be the last but it's by far the best right now. This is the ground floor, like buying Bitcoin in 2010.
Long
by Intuit
4
Is TRXBTC Headed to All Time Highs? (Elliott Wave Forecast)TRXBTC is hitting my forecasted October Elliott Wave time target and we are also getting multiple buy signals including River Theory, an alt bat harmonic, Momentum/Acceleration divergences, a bullish divergent price bar on the monthly, and volume divergences. Many long-term holders have also started to become irrational and capitulate as TRXUSD hit extremely low prices which it has only seen for 10% of the time it has traded, making it very cheap at these prices and likely to increase rapidly as they start to FOMO back in at higher prices. Fundamentally, TRX is far superior to BTC, it is near instant, very low fees, scalable, has Turing complete smart contracts, cheap to develop on, has a huge dev and user community, has uTorrent and Opera for User acquisition (300M MAU), has strong leadership and vision, very low inflation, and has killer dapps like Bittorrent and WINk.org, both of which will likely perform extremely well in a bull market. Bittorrent will be the main utility for storing data on the internet, and WINk.org is the largest dividend producing dapp which is actually an entirely new asset class of income-producing crypto-assets. None of these innovations are possible on the BTC blockchain because it lacks Turing complete smart contracts, instant confirmations, scalability, and low or no fees. The sheer lack of innovation that is happening on the BTC blockchain paints a bleak long-term picture when compared to innovative cryptocurrencies like TRON. While BTCUSD is likely to increase long-term, it will severely under-perform compared to most other cryptocurrencies in the long-term, especially as scalability becomes a bigger issue and transaction fees start reaching over $10 again. People who ignore these fundamentals now, or who simply do not understand what is going on and are just following the herd into BTC will likely regret not buying these "shitcoins" now.
Long
by Intuit
2
TRON Nearing End of 2 Year Correction, Could Head to 10+ (EW)Wave Theory: Based on the monthly count, it looks like we are approaching the end of wave-E, we're still a few weeks early, but because we are getting the naked long signal on River Theory and multiple other indicators, there is a good chance that we are at the bottom of wave-E and will probably just chop around here until around October 18th. However, if we do make a new low under 0.014 I'd suspect that we will keep heading lower until the middle of October. Neely River Theory: This is a new tool I am experimenting with which is giving a go naked long signal on TRXUSD. Because this tool is generally very accurate, I am assuming that we are also at the bottom of Wave-E, though it's still possible that wave-E could be larger if we break the low at 0.014, or that we may chop around here for a few weeks before getting a larger move to the upside. Harmonic Analysis: There is a large daily cypher and gartley that have formed on TRXUSDt which are signaling a buy here. Divergences: There is a weekly bullish divergent bar, as well as bullish momentum and acceleration divergences throughout multiple timeframes, all signaling to buy here. Fundamentals: By the end of this year, we will likely see a BTC ETF (Oct 18th), A potential no-deal brexit (Oct 19th), The Tron-Warren Buffet lunch which will attract a lot of retail and institutional traders, Coinbase/Binance US/Baakt TRX listings, uTorrent/Opera TRX wallet integration (200-300M monthly active users), BTT improvements, WINk marketing/improvements, ZK-SNARKs, New Partnership announcements (Tencent, Alibaba, Baidu, etc.), TRX ETF announcement, Chinese central bank stable coin being launched which will allow chinese citizens to enter the crypto markets. Also in general, TRON has the best tech out of all the top cryptos. It's extremely fast, low fees, scalable, easy to develop on, more decentralized than BTC, has the most dapp volume and users, has the most game changing dapps like BTT and WINk, good voting/staking rewards, and has some of the best marketing in crypto, among many other things which I've touched on in previous posts. I suspect that when this 2 year correction does finally end, we should get a very powerful vertical move up, like what happened to many severely undervalued cryptos in 2017. However, because TRX was able to increase faster than virtually every other top crypto, increasing 20,000% in just one month, and because it's the best tech out right now and is extremely undervalued, a vertical move to 1 USD will likely be just the beginning of the climb towards double digits over the next year.
BINANCE:TRXUSDLong
by Intuit
1