Wave5
DraftkingsMight be too early to call, but the gap between the 3200 and the 200 may close very soon
Green power bars will pull the 200 over the white 800ma, and from there we will see how much power presents itself to head towards the 3200ma
Possible 5 waves are in, i count a truncation, but It can be hard to tell without a clear wave 1 ahead of us
Target is 39$ or near the ORANGE 3200 MOVING AVERAGE
XAUUSD (Gold) Prepares for 20 Month Bull Run - 30% PumpBased on what I've been tracking as for Gold's all-time wave structure/pattern, I believe that its due for a yet a strong bullish swing over the next 2 years. In the tail end of what I believe to be a Flat pattern, its safe to expect (take these words lightly) a Wave 5 move to follow in the macro direction of trend - to the upside. Solely based on my perception of the waves and continual fibonacci usage, I have strong belief that Gold will strike into the top range of $2200-$2400.
Guessing a timeframe is not my strong suit however, if I had to do so, I'd assume that this range will be seen between Fall 2023 and Winter 2024 (Jan-March). By scrolling to the right on my previous XAU prediction, you can see this same very prediction (see: ) or click at the bottom of this post.
Beyond this anticipated pump, I believe that Gold could see a 60% drop over the next number of years to come. As with all ideas and predictions, things are always 1000% tentative. Follow me on for continuously updated ideas and like/share this post if time permits :)
BTC - the only macro you needAll Elliott wave laws, thesis, observations are valid and pretty much textbook.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. $120k if we goin similar to wave 1. But if we are following the channel, top is in at about $200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania .
ABC on LUNA?Could we now be in an ABC down to around the $60? The reason why I think $60 is because that's roughly where I assume the 200MA will be by the time the ABC down is finished. As you can see in the chart, the 200MA is a STRONG support, bouncing each time it touches.
XRP in a last upward move before restingXRP now trying to complete wave iv in wave 5. Now XRP is forming triangle chart pattern. If the price break the cut loss level than this count is invalid. The length of wave 5 can be measured by 3 methods. But also in a rare case scenario, wave 5 can be truncated. Taking into consideration of all these possibilities, the minimum take profit area is set at the previous high. If the price break this resistance, XRP can go up to $4 or $5.