With this wave count, 1.618 fib projected a target around $180,000/BTC for Wave 3. note: 2015 bear market fractal appears to be following at this stage, with volatile reversal expected very soon.
Just timestamping this -- right now everyone in panic, binance just killed ftx and black swan event with markets... nothing but red candles and no support.... so why is it going to pivot here? Because It will.
About as clean and simple as I can make it -- expect volatility very soon, either this breaks or rejects.
$18,700 is the target for bottom, although an 1.618 extension can also form a Shark pattern around $5,100 (but who the hell wants to see that).
They call em 'stablecoins' for a reason son. So i went to publish this and it said quote "Gosh that is a short description".... Here is a better description... Red bar down
Log Scale - junction point of two major trendlines. At current, BTC has crashed 7% -- most people are bearish right this moment. I think this will kick back up to 51k very soon.
Can see wider oscillation in market swings, so far telegraphing the move back up with the first higher low. Tokenomics are super scarce, and very low mcap. Good spot for a quick trade as well as DCA, with $16 marking the 1.618 Fibonacci extension. First local resistance has a lot of confluence around this price - kumo cloud, kinjin line, 0.5 fib level.
Does the historical trendline hold, or do we see a completed cypher harmonic? Chances are, probably neither - because im the only person on the planet that spots these cool things.
On Logarithmic scale, we can see on the daily that VRA has touched and pivoted off a MAJOR trendline with alternated support in play. Using a linear scale fib extension, I've marked targets at the 1.618 and 2.618 levels.
Maha has recently broken out of it's long downtrend, rejecting off the 200ema to find support on the 0.618 retrace. Potential wave 3 starting soon to take us to the 1.618 extension that has confluence with the ATH>ATL 0.38 retrace. With this, MahaDao is launching a significant product on the 15th this month - 'Maha Vaults', this will allow for...
Short this ponzi, biggy needs to pay child support this month and put a down payment on a brand new used honda civic
As we have a breakout of the major triangle on Daily to the upside, a lot of the overall sentiment is bullish. With the initial push up to 9450 we have since seen a 0.50 retrace. Ideally this is a great spot to long, but given the attention and obvious nature of it, im inclined to think this is a prime position for a fake out. 2nd of July we can see a very...
-ABCDE Elliot Triangle Correction Pattern. -Typically E-Wave is a Range Contraction prior to Break-out -Major Trendline Resistance + Price Level Resistance at 10,000/10,500 -Weekly Candle likely to Close with Rejected Wick off Resistance -Major Price Support at 63xx/65xx Will further Develop Right Shoulder Structure of HnS pattern. -Completion of HnS Pattern...
As USDT pairs move with BTC, currently BTC tested the 0.38 retrace level and likely to use it as alternated support for a bullish continuation before the month closes out. Now looking at NEO which is a better pick to be on during BTC rallys due to the larger volatility - thus % gain, we can see the last pull back was a 0.38 retrace of the former markdown to $9.75,...
Good support at 14.70/13.80 with wave retrace levels at .61/.50 fib levels plus previous alternated resistance. Placing a parallel channel over the previous two waves we can consider the recent peak outside to potentially create the inverse effect to the lower side for a full retrace to $11.00 - this however seems rather steep and would be difficult to reach given...
E-wave analysis signalling completion of extended 5th wave, now we look for an overall retrace level of the whole sequence - this is showing confluence of Fibonacci levels between 4th to 5th wave, and the entire 5-wave cycle. These levels (38/61) will be key pivot points depending on how deep the macro wave is (treating the 5-waves as a larger 'wave 1'). Rounded...
ICX is signalling for Bullish divergence as the RSI crosses back above 30. Seeing a pinbar bounce off the Bol-band and likely to retrace to the 61 fib at alternated support around 460 sats. Coupled with a bearish BTC, likely see the Alt market start to rally - However given the ICX/USDT market aswel, this is showing strong support in the order book and also very...
Volume is decreasing as we climb higher, suggesting a lack of confidence and possible exhaustion. RSI in the "overbought/sign of strength" area on the tail-end of large rally, signalling for bearish divergence, confluence with topline of Bol-Band. CCI (w/ Volume weighted EMA) crossing down through the +100. Confirmation when breaks below 10ema. Looking for 38...