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Per my previous post on Bitcoin below, Ethereum is also getting close to a bottom as a wave 4 of larger super cycle wave 1. Wave (3) hit the 1.382 log fibonacci level of wave (1) almost to the tee around $1400, a frequent level for 3rd waves when wave 2 is shallow. i.e. doesn't hit the 61.8% retracement of wave 1, as was the case with ETH. My current...

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After a meteoric rise from $150 to almost $20K, the mother of all cryptos has taken a break to cool off its unrelenting moonshot and has been in correction mode for the last 7 months. We have heard news about Bitcoin being dead as the price corrected by 75%. However, these moves are quite normal with most cryptos going through 90%+ corrections on a regular basis,...

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As with most other cryptos, #REQUSD is still in corrective mode and is currently moving down as a likely wave C of Y of larger degree (2). The 76.4% and 78.6% log retracements of the full move is $0.069 and $0.064, which mark possible bottom levels before the resumption of the bull run to $30.

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After publishing a long term chart for DASH using ElliottWave analysis, here's my take on another (not as well known) privacy coin - Verge. I won't be talking about the coin itself and its features, but about the price pattern that I am seeing applying EW for what could become one of the most price-breaking coins in the coming years. We're currently in the...

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Long-term view of #DASH from an Elliott Wave perspective. DASHUSD is following the general crypto bull trend upwards and is now in the latter stages of wave (3) of Grand 1, which could take it all the way up to $4K before crashing back down to triple-digit value. Let's see how this price movement develops over the coming months. Stay tuned.

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The count on EOSUSD strongly suggests that we have bottomed and have just started a Wave 1 rise. Since this is the beginning of the impulsive wave and there is no price history, it's still unclear how high it will rise in the immediate term but that should become clearer as the price action takes shape of a 5-waves up. There is of course always the possibility...

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In ElliottWave terms, IOTA has shown a clean impulsive 5 waves up from $0.14 to $1.10 this summer followed by a corrective 3-waves down move which is still in progress. However, it does look like IOTUSD is nearing a bottom which should complete over the next few weeks. As with many cryptocurrencies, visualising the chart is best done in log scale and hence the...

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Ethereum Classic hasn't been given a lot of attention lately, but it definitely should get some consideration as the price pattern is showing a clean Elliott wave count. We should still expect one more drop over the coming weeks to bottom in the $7.5-$5.5 range, before the next leg up takes hold. If this count plays out nicely, we will see ETCUSD visit the...

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ETHUSD has been moving sideways during the last couple of months. In my previous post (link below) I proposed a few scenarios that would see us either move down to below the July $140 low, or move to new highs. Given the current pattern, it looks like Ethereum has decided to take the 'in-between' option, shaping up as an ascending triangle which is usually...

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Stellar has been closely trending along Ripple due to their similarity in design and objective and is now following the general crypto market in this corrective move after the recent announcement by the Chinese government. It has been declining since May after a dramatic spike saw it rise almost 30x against Bitcoin in just a couple of months. From an Elliott Wave...

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The recent announcement by China to ban ICOs has led to a selloff in the crypto market that is still unfolding as we speak due to the uncertainty about further measures being taken by the government and the likelihood of other countries following suit. I am currently looking at 4 different scenarios, 2 bullish (blue count) that would take us above $600 in the...

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The news of China banning 'ICO' funding has had a big impact on cryptocurrencies, hitting all major markets worldwide. On top of that, there are now rumours that the Chinese government might start inspecting exchanges. NEO came out shortly after saying that they would refund investors who participated in the 'ICO', swiftly complying to the request of the...

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The latest price movement suggests that we are likely setting up for a big move upwards as wave iii of (iii), which in Elliottwave theory is seen as the most impulsive of waves. If the GDX moves above $24 in an impulsive way over the next few weeks, we would then be looking at a target of $30 within the next 3-4 of months. If, however, the price doesn't follow...

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The miners are reaching a pivotal point that will determine the price pattern over the following months. In my previous post back in Feb, I provided a count and stated that the GDX would be bottoming at around $20 before resuming the bullish trend. While the count is still valid, wave (ii) has protracted longer than what I had initially expected as we are still...

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The current drop has many investors thinking that the long term correction in the miners is still ongoing. However, the current price movement is playing out more as a short term corrective wave (ii) of a larger degree wave 1 that should take us above $30 sometime this summer. I am currently expecting a bottom to be reached somewhere above $20 before the...

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The miners are following the same bullish pattern as gold and silver, having resumed the bull trend as a wave 1 of an extended wave (3) which should take us to $30 over the next couple of months and very likely north of $50 over the next year. A drop below $18.60 would invalidate this count, though it seems unlikely given the current setup.

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The precious metal charts are looking very bullish, with a clear 5 wave structure off the Dec' 15 low followed by a corrective 3-wave retracement marking the end of wave (2), meaning that we have now resumed the bull trend. The price of Silver has been rising steadily for the last month and we should see this trend continue, taking us close to last year's high of...

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The USO has likely completed the current corrective move and is ready to resume the bullish uptrend as part of an extended larger degree wave (3). While there is the possibility that the correction extends to target the 61.8% retracement of wave 1 around 10.74, the minimum number of sub-waves to complete wave 2 has been reached. Moreover, extended wave 3s tend to...