Using the logarithmic scale just to be able to show what REALLY happened after the ICO of XRP in September 2013 and the 'momentum' until March 2017 in a period of 3.5 years, we can clearly see an identical pattern being formed over a period of 6.5 years, from the peak of 3.4 usd in December 2018 until now ! So to repeat the numbers I've mentioned already in the...
I have been studying the XRP chart from 2017. As crypto, especially altcoins look quite bearish and dead, I believe there's big momentum being made for Ripple, XRP. I can explain all technicals, but I leave the chart for what it is. Pattern looks similar than the preceding phase before the bullrun 2017-2018. We also have gone above the yellow descending...
The further we develop blockchain solutions, the more we will see bitcoin dominance receding, which should be positive eventually. We can still see a visit to this level, and a rise out of the descending wedge is possible, but this would be a worst case scenario if the SEC for example would attack altcoins from going public or in case crypto exchanges would be...
I have to say that I almost finished my analysis but somehow my page got refreshed and it got lost.. So I will summarize what I wanted to say: Pattern recognition is important and are (magnified) copies, and following signs are bullish: * Compare the blue and pink rectangulars * we are hovering above the 200 ema * if we have a break-out of the pink...
The chart says it all. PS: I have been continuously posting, but about 2 years ago the button of 'public' idea was switched to 'private' and apparently nothing was published publicly..
I have studied the chart on both regular and logarithmic scales and if taken in consideration the log scale, there are several points which direct to a previous ATH visit soon.. All Weekly Exponential Moving Averages have been crossed in one go.. with the 200EMA still as resistance.. This has not happened since the drop in 2021. There is quite an impressive...
Personally not really a fan of Solana.. hyped too much, but technically very strong.. only token that did it's own thing and going for a ATH whilst the rest was crashing.. Now we have a very wide and broad inverthed H&S, with quite a big head and some tiny shoulders, but if it plays out.. exactly the old ALL TIME HIGH of 250 USD...
Everything indicates to a change from a long bear/winter market to a market change as the 21 EMA crossed 2 weeks ago the 100 EMA and now we just witnessed the very first time that the 21EMA has crossed the 200 EMA ! This is a very bullish sign, and I foresee in 3-4 steps the next targets as indicated in the top at the levels of 15 / 27 / 40 / 85 USD respectively,...
If we consider a larger timeframe as the weekly chart, more specifically the 200 weekly EMA, we can see that Bitcoin has been rejected between Dec 2018 and March 2019, slightly pierced on March 2020, and now for the first time revisited and hopefully rejected in May 2022. Extra bullish factors are: * Descending yellow wedge, if staying in the wedge, and making...
Bitcoin has a insane large descending triangle or wedge which already broke out from the upside and will have a bullish continuation until end of the year most likely. S&P, Dow, Nasdaq have all a large descendinge broadening wedge which is ultimately bullish. Momentum is being built up and we can foresee a sudden but steady rise as well. Gold has been hammering...
I sincerely believe pattern recognition is the key to accurate forecasts as past performances can indicate future outcomes and this is crosslinked to different coins or even markets.. I believe that ICP has a similar potential and set up as Matic (Polygon) from March 12 till April 25 in 2021. This could mean that ICP is up to a serious bullrun of perhaps 5x / 6x...
Gold is making momentum to break up from the $2000 resistance for good. In my opinion, if the 21EMA (green) stays above the 50 EMA (purple) it will likely get above the 2000 mark again and reach heights of $ 2700 rapidly and then it could go fast. Above this pattern is a repetition: compare the blue rectangulars. If we pass the 2000 mark again, we can say we are...
I had this prediction a while ago already and on a longer term forecast from the lows of June/July or 32K level with a revisit of previous ATH, which we did achieve and pass little. Most importantly is the inverted H&S in yellow, with the descending neckline around the 50K level, which implies a target of 85K, around year end. I would like to mention already...
It's time for ICP to take off.. to levels beyond imagination.. If we're going back to ICO.. which was 600 usd/token.. that's already insane, but only a midterm target... Don't forget this was the most important invention after bitcoin and ethereum. ICP will literally change the flow and speed of crypto and the internet, build powerful software and platforms for...
First of all I want to accentuate that this is a SCENARIO, which could or certainly could not play out, but nevertheless.. 1. We have never had a spiky, but round top in the history of bitcoin that indicated a permanent top 2. I have explained this in previous analysis that this was a H&S or 'Bart Simpson' head, yes technical term.. formation 3. We had a 50%...
At this point there many bearish factors to consider and sentiment is overall bearish, which means good for a market reversal. I am quite sure this isn't the end in the near future, so the opposite will happen. BTC has crossed all ema's to the downside, but rather too quickly. Now we're hovering right below the 21 ema, and I think we will see a soon visit of all...
I haven't been more sure about a IHS, than now.. very symmetrical build-up and a horizontal inverted Head & shoulders. 21 EMA as the lead, 50 EMA as support and the ascending trendline as a target to the 3th Elliot wave with a short term target of 2.7, equal to ATH as well. Midterm target possible to 4 usd. Bitcoin as well has potential to achieve mesmerizing...
I knew I saw this pattern already in other charts, mostly in a bigger timeframe, 2 fractals, forming higher lows and lower highs, hovering above the 200 EMA and the 21 EMA briefly visiting the 100 EMA. Quite identical scenario between Matic, 4H chart vs ETH, 8H chart on the left chart is visible.. Matic/Polygon is one of the few, or maybe only coin that is...