UnknownUnicorn2537518

UnknownUnicorn2537518

The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in...

UnknownUnicorn2537518

On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle. As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down! Next target is 1370 USD, and I think we will...

UnknownUnicorn2537518 Updated 

Ethereum is now the leading cryptocurrency because everyone is anticipating the greatest event in the history of ETH and crypto in total. Bitcoin's dominance is going down, which greatly favors Ethereum. This downtrend should continue until the end of the year.  It looks like the demand for ETH is now very high and may substantially increase over time before...

UnknownUnicorn2537518

Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third...

UnknownUnicorn2537518

The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested. This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave. Solana started with a strong impulse wave in 2020, which...

UnknownUnicorn2537518

You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!  Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.  The market structure is insanely bearish and we have a descending triangle on the daily chart that will break...

UnknownUnicorn2537518

On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all. We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop...

UnknownUnicorn2537518

We are in the middle of the crypto bear market. Altcoins like SHIB, ADA, XRP, SOL, DOT, and LINK are going to crash hard. You really don't want to buy these coins at this moment.  I think Shiba doesn't deserve to be ranked at #13 on Coinmarketcap with this terrible price action. Yes, we had a massive pump that lasted only 30 days in 2021, but now we've been...

UnknownUnicorn2537518

Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly...

UnknownUnicorn2537518

Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that...

UnknownUnicorn2537518

SPX500, together with Nasdaq, has incredible power and is a great opportunity for traders and investors. On the 4h/daily chart, we have a descending broadening wedge, so you can wait for a breakout of this pattern to enter a long position.  According to my Elliott Wave analysis, an ABC correction has ended, and there is a strong possibility of a new impulsive...

UnknownUnicorn2537518

The charts never lie and, as you can see, the bulls successfully defended the 200 weekly moving average and previous swing high from 2018. We didn't even close a candle below the 200MA! We need to keep in mind that the 200 weekly MA is the strongest MA of all of them, and this zone is considered a strong support by huge institutions and hedge funds. If we drop...

UnknownUnicorn2537518 Updated 

Great news for all Litecoin hodlers and traders! As per my technical analysis, this downtrend established in 2018 has finally finished! This is the LTCBTC pair on the weekly timeframe. It means that it would be better to hold LTC instead of BTC. But there is no guarantee of the USDT value of your holdings. Regarding my Elliott Wave analysis, a major impulse...

UnknownUnicorn2537518 Updated 

Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very fast but also relatively strong (almost 0.618 FIB). This was a classic retracement for the second wave.  It is possible that we see these lower prices for the last time, so if you are still hesitating and waiting for 13 000 USDT or even 6 000 USDT per bitcoin,...

UnknownUnicorn2537518

As per my Elliott Wave analysis, an ABC correction (ZigZag) has been finally completed, and we have to start a new impulse wave! Now or never. We have a falling wedge pattern that is very close to a breakout. Indeed, this is definitely not a nice wedge, but the shape is similar. The previous first impulse wave has a third wave overlap structure, which is...

UnknownUnicorn2537518 Updated 

I am extremely bullish on the stock market, that's for sure, but I will tell you when I expect a great depression comparable to 1929-1932.  Of course, it's really hard to predict the huge collapse, but let's take a look at it from a logical, mathematical, and Elliott Wave perspective.  On the 12M (1 year) chart, we can see multiple bullish trendlines that have...

UnknownUnicorn2537518

BTCST is a token collateralized by real Bitcoin mining power; by staking BTCST, holders can receive daily Bitcoin contributions that correspond to the staked mining power. As such, BTCST allows users to mine Bitcoin from inside the decentralized finance (DeFi) ecosystem. The downtrend on the weekly chart has been completed, and we have already started a new...

UnknownUnicorn2537518

As you can see on the chart, the best month is April. Usually, you don't want to short Bitcoin in April at all. I would avoid intraday or swing short trades on the futures market completely. On the other hand, September is a bloody month. Will this September experience a big crash? It is possible, but of course, it's not a guarantee. September starts in 2 days,...