This is obviously a massive stretch, and just some bullish very long term hopium. Everyone already knows Bitcoin is going to 100 Bajillion Trillion dollars. But...HOW LONG does it take? If I had to take a wild stab in the dark. I would say somehwere about 61.8% as long as Grand Supercycle Wave 1. 2,577 days. A wave 3 in Elliot Wave theory is typically...
We have held the MONTHLY 50 EMA as well as the LIFETIME .618 retracement level which was also the inverse hs neckline whose head was 15k and was our bottom breakout. We are forming another one here. If this one fails, I have a strong feeling we will get an opportunity for some very cheap bitcoin. Until 24k is lost, I am thoroughly convinced it is up from...
Wait, wait wait wait!! This is the psychological characteristics of the beginning of a motive impulse, according to Elliot wave theory.
In my last post I mistakenly referred tot he monthly 50 EMA as the monthly 200 EMA and i needed to clarify that, my apologies, here is a cleaner version of the last chart with my indicator stack
On this form of the chart, you can see how we have a rising wedge that has the potential to bring us as low as 14k. We tested the inverse .618 golden pocket of the entire elliot wave standard cycle which was just completed at the golden pocket, which is also the golden pocket of the GRAND SUPERCYCLE as well as an inverse head and shoulders from the current bear...
And here, on the daily, we can see tradingview's automatic chart patterns are speculating the potential for a wave 5 here from the inverse .618 of this entire current Standard Cycle, which is wave 1 of a new supercycle, and potentially the end of wave 2, beginning of the Grand Supercycle Wave 3.
Here is a closer look at a smaller timeframe, showing the division of the supercycle, and the standard cycles within them. NOTE the 200 and 50 EMAs, as well as the inverse HS neckline around 24,8
A grand supercycle can be conceptualized as the general lifetime of an asset or index. Elliot wave theory depicts that markets move in motive and corrective waves, fractal in nature and related to one another through fibonacci retracement levelss. If Elliot Wave theory is to be believed here, We have just tested THE GRAND SUPERCYCLE GOLDEN POCKET. This could...
DXY looks like it may be forming either an ending OR a leading diagonal here. Larger wave counts and analysis suggests the potential for this to come much higher, but locally, if we fail to break above this previous resistance (which is also the 200.50 EMA Cross zone, it might not make it there.
I am still looking at this as an inverse HS and only concerned with this current elliot wave cycle. IF we hold that inverse HS neckline, that validates a wave 1-2 of a larger degree and has the potential to make this a very aggressive wave 5 with some very bullish potential. It may likely take a long @$$ time though.
I am starting to get the impression that we might end up holding on to this macro golden pocket which is a reverse fib of the entire elliot wave. If you consider the nature of elliot wave theory...the implications for this are so massive i cant even comprehend it. I have begun to dip back into some spot, had 2 orders fill over the past few months around 24,869....
This came WAYYYY faster than I antipicated to be honest, but hey, I'll take it. I am definitely seeing the possibility that this might have been it for this move. I personally am still leaning for more downside, but....damn this aged well.
DISCLAIMER: my target support was just hit today, and while I still do believe we have some downside inbound, I actually doubt several of these lower targets. I do have to say though, that Bitcoin at those prices, and even 24,8- 26,8 are going to be overall a decent long term hold in any portfolio. I personally am going to start DCA again soon-ish, in tiny...
There is some serious confluence here in this current Bitcoin Chart. The neckline of that Head and Shoulders pattern is ALSO the 12hr 200 EMA, and that could be a massive place to either bounce, or finally convince the market of more downside. I will be watching these levels CLOSELY as there is also some disparity between Binance and Coinbase and other exchange ...
API3 had a powerful move this morning! Classification: PAMPERRONI Be careful with this one. Oftentimes, those significant EMA cross zones tend to become magnetic to price later on.
API3 had a powerful move this morning! Classification: PAMPERRONI Be careful with this one. Oftentimes, those significant EMA cross zones tend to become magnetic to price later on.
On the 5 Day, we have retested the area which the 200 and 50 EMAs cross, which I have found throughout my time in charts to ALWAYS be a very important area for price to move after the initial cross occurs, and then gives it its move. It has now Double Topped potentially at that level as well, with the potential technical target being potentially a double bottom...
We have seen the total market cap slowly trending down for quite some time. It is now approaching a very key inflection point at a potential rejection of the 4hr 400 EMA which has the potential to have us seeking out the most significant period EMA, the 800 EMA, which comes in just below this closest order block. If that 800 EMA is lost, we will likely see a...