Based on my EWT analysis of this correction, it would seem that we are in a small acde subwave triangle as part of the final wave 5 of c. I believe this ties into the falling wedge pattern well and the fib time zone lines which you will see in 3 different colors here, are shockingly accurate as it petains to their history of predicting an upcoming catalyst of some...
So traditionally, in looking at previous BTC halvings, we know theres often a little run up a year or so prior to halving with a retrace. Then the real pre-halving pump which takes us closer to previous ATH, followed by a post halving dump. Dumps happen for every major catalyst it's no different for BTC. Then we have a period of consolidation with some downwards...
see my btc idea this syncs up with below
Lot of people talking about the potential descending channel that BTC has been respected along the upper trendline. BTC has also made a significant number of large moves surrounding the parabolic trendlines that have served as the foundation for this whole movement up from 3k and the subsequent corrections that have come into play. Although I am still bearish as...
If we observe BTC's response to the parabolic trend lines that have provided the basis for this run from 3k to 14k, we can easily see a pattern emerge in regards to its behavior. We've had a continual pattern of falling through the PTL, bouncing off the next one down, and coming back up to retest and fail, the previous resistance of the proceeding trend...
Quick comparison. Just and idea. Take it for what it cost you
BTC has made 4 progressively lower highs on the 4 hr. Volume is about 1/4th on the daily what it was on the last push to 12k. And 1/8th what it was during the first push to 12k. I believe we are looking at a bulltrap. The trip down to 9600 range was merely an opportunity for the market makers to buy BTC that theyre going to sell to you at 12k before they dump it...
IEO's are certainly off to an explosive start. But none more so than MATIC. Doing a 10x within a couple weeks is explosive even for the crypto market, where nearly anything is possible and millionaires can be made overnight. Matic has done a picture perfect retrace with a descending wave 2 triangle down to the .618 FIB levels or, the golden pocket. It has...
Eth has been following BTC so closely they both have almost identical setups right now and are more or less in the same phase of their respective EWT structures. So one recommendation I would have is to make your BTC plays, have your eth orders filled out and ready. But put in your ETH orders second because its going to do what BTC does for right now. Take last...
BTC continuation of head and shoulders pattern with a small pump up for this B leg of the ABC retrace on wave 4. C leg down should still be a significant retrace before wave 5 up starts. But I anticipate a decent amount of sideways action prior to that.
XRP.... What we have is XRP/BTC pair forming a small bull flag (ABCDE) as the 4th wave of a much larger structure. Tracing back from December high, we have an impulse wave down, completing its third wave and bottoming out at 4k levels in mid may. We are now on the first five waves of leg A as part of a much larger ABC correction. We can see wave 1 of the A leg...