ETH has blasted through 215 and 225 levels and currently consolidating above this range invalidating my previous bearish thesis. Hold 225 as support and 280-290 level may be next.
Hybrid Time-Fib and modified Magic-T analyisis points to next peak around July 15, possibly around next resistance level of 12.5k. Lets see how it goes. Plenty of time still to see how it evolves.
ETH currently at local resistance 215 level. We need a higher high on the daily chart to consider bullish. ETH needs to blast through 225 resistance and flip it to support. Currently hovering above 200/100 MA, Fail and revisit of 185 or 175 on the table.
BTC completed a 3 year 3 wave cycle beginning and ending around the 3-3.8k region. Hard to find a better example of natural wave behavior and resonance. BTC likely one of the more pure assets in terms of wave behavior.
2016 Trump election victory initiated a bull run after 2150 resistance level quickly flipped to support and never looked back. Later 2450 resistance flipped to support during the 2018 market crash. Lastly Covid-19 stress test confirmed 2150 as a mega support at the same time completing a full 3 wave cycle. I expect an intercycle hiatus of sideways movements, as...
SPX500 currently at major resistance level of 3000. Tread with caution there's euphoria out there today. Since 2018 swings have been more volatile in a broadening wedge pattern which should eventually break to the upside if no major events around election time.
Possible descending wedge formation on daily chart. If it breaks to downside strongly 8200-8400 level may not hold. May expect sweep of 7800 even quick wick down to mid to low 6k possible.
BTC shows what appears to be full cycle initiated in 2017. Blow off top 20k price top created a shock pulse which diffused and processed at fibonacci intervals in a perfect descending wedge followed by a nuke and capitulation at 3k. This was followed by a second 13k top shock wave which has opened up in a broadening wedge pattern akin to an undamped resonator...
