Good Thursday friends, my apologies for being lower key. I have been in meetings all week and not able to chart like my usual self. The chart attached is the Bitcoin Dominance chart. Any holder of $Alts should be viewing this chart daily. If it my personal opinion that $BTC.D will go well under 30 before $Alt season is done. We do find immediate support in the...
Good day friends, I hope your all having a Wonderful Wednesday. I am in Miami for a conference through tomorrow, but wanted to publish a quick 4-hour chart since we have had some price volatility between $60K & $63K. For the very short term the PA will be nearing the apex of our triangle. Based on the HTF charts, the path of least resistance is UP. Add to that the...
Based on the ascending triangle and the Full Fib Extension, the MINIMUM target for our $Alt Coin Market cap is $1.45T. As small as the move looks on this chart, it is actually close to a 50% rise from current levels. We will evaluate this chart again once we get there, but the key takeaway is that once we break that triangle, $Alt season goes into overdrive. :)
Friends, I hope your all having are having a relaxing weekend. I wanted to update the rationale behind my Lower Top Target on $BTC. While I do reserve the right to be wrong, I also see a LOT of confluence for a mid $70K's target being the most likely of outcomes. If we look at all the prior Bull cycles, it is evident we maintain a 5 wave Elliot Wave Count to the...
As we near $ALT season, my focus has been $BTC Pairs & the $BTC Dominance chart. As we see in the attached chart, we are hitting some Key MA.s, Fibs, and more importantly we see our WEEKLY Stochastic/RSI rolling over after an initial Bear Cross. Keep an eye on this chart going forward. For as is rolls over, $Alts should start to move! Have a GREAT WEEKEND!!! :O)
Good day friends, I hope you all are having a splendid week. I am posting this as a simple reminder we are approaching my personal Minimum Target for $BTC. I have gone through MULTIPLE counts on the EW Structure, and between the confluence of the 4.236 Fib extension and the other oscillators, I simply have to keep coming back to the $72K-$74K area. One thing to...
Good Friday friends, I hope you have all had a wonderful week. As we find ourselves in a mild correction, I thought it fitting to share my personal thoughts on what is right around the corner, concerning $Alts. Based on prior cycles, most $Alts make their most dramatic move at the tail end of the $BTC run, and since we are mere weeks to a few months for that...
I always am looking for Negative Divergence (specifically on the daily time frames). As you can see ALL prior corrections gave a WARNING SIGN Well Before we tanked. So the challenge for many going forward will be looking NOT at the PRICE, BUT look for a LOWER High on the MACD. Class Dismissed. :O)
Good day friends, I am back to illustrate when I believe we see the REAL FIREWORKS in the $Alt coins. As highlighted in a prior chart, $BTC Dominance is still strong, and I believe it will remain that way for a few weeks. However, in prior cycles we see that once $BTC makes its final push (from a 4th wave correction), $Alts began to soar. Many $Alts will be...
When superimposed on a black backdrop, theres nothing more beautiful than this MA Ribbon on $BTC. We are in a Raging Bull Market and you dont even have to be a Chartist/technician to see that. I might frame this one. :o)
$5800 seems also like a lock as a MINIMUM target for $ETH. I know I have seen MUCH larger targets, but I aim to stay conservative here, as that is the safer bet. Time will tell if $ETHexceeds four figures, but for now there is still a lot of gas left in the tank for $ETH. :O)
If 2017 proves as any guide, Litcoin is a lock for Target 1, BUT if things get really wild (and this is crypto after all), then I do not see anything stopping it from reaching out to its FULL 4.236 Fib extension around $1700. Buckle Up!
Based on the 2017 cycle, if we were to have a similar move, Target 1 seems like a lock. However, if things go ballistic, and this is crypto after all, then there is NOTHIN suggesting $LTC can't reach for the stars and pull a Full 4.236 Fib Extension and head towards $1700. :o)
Friends, what a day?! New ATH's and the champagne is being brought out! That said, we all want to know, "What about $Alts?" Well this chart tells us a lot, & based on all the data, we are in a massive descending triangle that will soon break. But before that happens I could see another small leg higher as Bitcoin runs higher. I have four distinct areas of...
Good day friends, I am just getting back off the road and wanted o update my Min and Max target chart. As you can see, my minimum target price and time have unchanged. What I did add is what could eventually break this bull and that is a large ascending wedge. If price action "Escapes" the top rail prior to the $73K target, then the max target becomes quite...
Whatever happens, we are at the point in this cycle that makes bears and bulls cringe. $59.6-$59.8 is THE LEVEL Full Disclosure: I am a Bull !
Yeah, I am shilling my own coin! Who cares! I a telling you that this pattern is strong, we need $Bitcoin to produce, but 4 weeks can change the world
we all know EW waves are best in hind sight, BUT based on prior moves, this is my NEW minimum target