The S&P has just completed a nice Flat pattern. We should be beginning the next wave down now, which could be bigger than the last. We could see a rapid increase in volatility, which has remained low despite entering into a technical recession today.
The bear market rally on ETH is topping out along with the rest of crypto and stock indexes. We should see new lows under $900 and could go as low as $100.
Bitcoin at this timeframe appears to have formed into a flat with a terminal impulse ( rising wedge ) for wave-c. We're now breaking down from that wedge and should see a complete retracement of wave-c in less than 50% of the time it took to form. This will confirm the terminal action for wave-c and confirm that we are heading down to the next major support around...
TRX Could be breaking up from the range here. Minimum target is 0.075, but I am watching closely to see what happens following this breakout for something much larger. If we blow past my minimum targets very quickly then we can assume a larger degree pattern is ending at the conclusion of the sideways. How large of a degree will be determined by the size of the rally.
The Nasdaq 100 has closed under the blue gator (SMMA) for the first time in over a decade. This means we're likely to see several months of downtrend following until the AO has had a zeroline cross and possibly a hidden divergence with the '08 lows. Minimum price target is around the "covid lows" with wave-e ending around June of next year.
Based off of the very long-term Neely-Elliott Wave count, Wave-F needs a few more months of sideways action before we start breaking up away from the green trendline. The time target is saying wave-F should end sometime around July, and we will begin a violent wave-G up. This G-wave will bring several cryptos to multi-trillion dollar market caps. At which point,...
Crypto is likely going to see a massive liquidation event occurring very soon. Margin calls start to cascade below 20k. Right now we know that Celcius, 3AC, MicroStrategy, and many miners that operate on thin margins are all at risk of major liquidations or margin calls. There's likely many others at risk and who will collapse due to contagion from these and other...
In the realistic possibility that a vast majority of TRX is burnt in the next year, we could see a hyper deflationary spiral causing TRX to increase 35x-100x in market cap, and 3000x in price. Based on the average burn rate of 284 million TRX per day since USDD launched, it's possible that 99% of the circulating supply of TRX is removed from circulation over the...
So far the bounce off of what I had previously marked wave-c has been very weak and given no confirmation that wave-c is completed. That means wave-c is likely going to take longer and go lower. The later time target for wave-c is around the middle of June and it will probably go as low 30k-22k. This will likely be accompanied by a global macro correction as...
XMR looks like it is completing a potential zigzag where wave-c is only about 62% of wave-a. This implies that the entire zigzag should get retraced and we should see a powerful move to new all time highs. Wave-c is also a potential terminal impulse which means it should be retraced very quickly. To confirm the terminal impulse we must retrace all of wave-c...
TRX is potentially breaking out here. Momentum looks good, we've broken all the downtrend lines. Wave theory suggests that wave-c has finished based on time and price and structure. Harmonic cypher also suggesting a potential bottom. All signs pointing to a MASSIVE up. On-chain statistics are also showing a possible supply shock happening soon. TRX (and most...
Getting buy signals and very bullish momentum on every chart here. The S&P has potentially completed a zigzag starting at the highs. This zigzag does not tell us much about where price is heading but we should be up from here. It could just partial retrace and get a b-wave, or it could full retrace and make new all time highs. Either way this will probably go back...
Wave-B has formed into a double combination which are normally retraced 80%. Wave-E from beginning to end should also be related to wave-C by 61.8% in price, and C+D in time. This leaves us with a target of 5.5 cents for TRX, which could happen around February or March. Following this correction we should see an explosive rally which will take TRX well above all...
Bitcoin and many cryptocurrencies look like they are completing a contracting triangle with reverse alternation which began in 2018. On Bitcoin it looks like this could be the end of F-wave, right before we get the final blow-off wave-G. This wave could be as big as Wave-C from 2013, which is also equivalent to 161.8% of wave-d that began in 2020 and ended last...
BTC has formed into a clear zigzag pattern and it appears we're at the end of wave-c. Wave-b is an irregular failure flat which means wave-c had to be at minimum larger than wave-a in price. This minimum target has been reached and we've also reached the time target for wave-c (0.5(a+b)=c). Short-term momentum, harmonics and fractals are also indicating a top has...
I said on November 16th "A move to 35k is actually slightly more likely than 40k. While 40k (61% retracement) remains a minimum target for wave-C, wave-B has formed into a double combination which are frequently retraced 80%, which would put Bitcoin at 35k." Bitcoin is bouncing perfectly off of my 80% retracement target and there's a good probability that the...
Bearish momentum divergences and price action on almost all timeframes is signaling a potential top here. My Elliott Wave count (which I have been following since June 2021) is indicating that the forecasted wave-B could be coming to a conclusion. This is based largely on the fact that the time of wave-B is related to wave-A by 161%, which is a common time for...
At this point it is seeming like BTC and virtually all of crypto is going to break down here, along with global stock indexes, and we'll see a massive capitulation down to 23k by February. This will likely be followed by a massive move upward as people rush into crypto to hedge inflationary pressures from the FED and congress, who will be printing and passing...