googooboyy

googooboyy

CRYPTOCAP:BTC broke descending wedge structure towards new price discovery territory after exhausting $60-$70k Bears. Path of least resistance? Expecting a small correction (Nov/Dec24) before continuing towards $95~$115k n beyond (Jan/Feb/Mar25). Stochastic RSI plateauing but RSI is bullish. But I'm not one of those calling for $250k this Bull Run. There are...

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Disclaimer: It's been really hard to count the waves since the start of 2023, not helped by erratic political and geopolitical movements. These counts are based on super-basic Elliot Wave rules: - 5 wave movements (3 impulses, 2 correctives) - Wave 2 is never a triangle, often retraces 61.8% - Wave 3 is never the shortest, often the longest - Wave 4 is opp in...

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The halving is a process in cryptocurrencies like Bitcoin where the reward for mining new blocks is cut in half approximately every four years. This reduction in mining rewards helps control the supply of the cryptocurrency, leading to a decrease in the rate at which new coins are created. As a result, halving events typically lead to increased scarcity and can...

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NOT FINANCIAL ADVICE Structure is forming a very nice counter trending zigzag (5-3-5) formation; wave (4) aka waves ABC. Currently wave C underway, and we're expecting further impulsive waves to the downside, coupled with some strong divergence signal. If signal is found AND price touches the region between $25.8k to $26.2k, then we can safely say waves ABC,...

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It's a bear market rally. But first, where are we in CRYPTOCAP:BTC 's wave cycles? Cycle wave V underway, cycle wave IV completed. With these wave counts, we can validate that we have already seen the bottom. Rejoice! Looking deeper into its primary wave counts and its fractals.. Ongoing: Primary wave ① > Intermediate wave (4) > Minor wave ⓑ I slant...

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The macro trend for BITSTAMP:BTCUSD is.. And this publish looks at the Intermediary Wave 4 in further detail by studying the characteristics of Minor Wave 5. Here are the 2 possible scenarios to play out in the days and weeks to come: Scenario 1 Intermediary Wave 4 is not yet completed, despite touching 0.328 retracements, and will play out in a triangle,...

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After seeing a capitulation, rarely do we see an immediate reversal back up. Even if the current trendline sends a strong signal to the bulls, it is unclear if a reversal is imminent or is this just a temporary relief bounce. We noted that 2 weeks ago there was plenty of air (lack of market participants) in the region of immediate price action and expected a...

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Foremost, can $BTC go any lower? Of course! But we're in a good zone right now, because previously as it hasn't touched this base, it was difficult trying to give a call for a cycle Wave 5 (in white numbers) rally. If it goes any lower, what are the support? Based on the weekly VPVR, we deduce that $22k and $18.5k are the likely levels with liquid. Let's go, Wave 5!

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Crypto.Com has been marketing heavily lately and where do one think this is being funded from? It's no surprise that plenty of selling pressure exists despite the swath of interest (and signups) in its product. Despite its recent debacle of removing staking rewards and then reinstating them, price has seen a bit of a reprieve, but for how long? It'll need to...

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If there's any good news in the market right now, it's that $BTCUSD is bouncing on 2022's support trendline, which is a good sign -- until we zoom out into the 1D to 1W charts. For now, we're looking at the 4H chart, and it's a good sign that price has not broken the trendline, but for how much longer will it hold? Will the bulls get exhausted and will the bears...

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Current structure looks likely to retest $30k than $50k in the near term. Wave 4, a triangle, might still play out in the next few weeks, or at least until all uncertainties have been weened off markets.

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March 22 was a great month indeed, as ZIL-KRW pairing pushed price action from the doldrums into the stratosphere. Then April came and took the wind out of ZIL's sails and price dumped hard. But not hard enough, as evident by the retracement not meeting March's starting point, despite near similar volume. While it would be tempting to call in a bear market, RSI...

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A summarised understanding of Zilliqa's $ZIL accumulation and distribution events taking place. Accumulation 1: 33.2B moved. Accumulation 2: 61.9B moved. Distribution 1: 23.1B moved. A simple takeaway here is that we're seeing a decrease in the movement of $ZIL, which to me is a bullish sign aka hard core hodlers aren't bulging, while profit takers are profit...

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Potential for $SHIB to meet 32.8% retracement to $0.00004056, also a resistance from previous highs. 56% potential gains. No TA here, jus speculation today.

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NOT FINANCIAL ADVICE The abbreviated long story: Ichimoku: Bearish EMA: Bearish Wyckoff: Bearish CT: Slight Bearish F&G: Bearish HA: Bearish RSI: Bearish Trendlines: Bearish Elliot Wave: Bearish Fundamentals: Slight Bearish EcoSystem: Slight Bullish The summarised short story: 1) Shortterm retest of $0.069 2) Next support at $0.059 3) Last support at...

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NOT FINANCIAL ADVICE - FOR YOUR ENTERTAINMENT ONLY What I like most about this chart is that despite the strong bearish RSI, the price hasn't moved the same magnitude -- aka the bears are diminishing. My macro bitcoin Elliot Wave analysis is that we're on a Cycle Wave 5 underway (& currently on its Primary wave 3 underway): Wave 3 is NEVER the shortest. It is...

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NOT FINANCIAL ADVICE In the grand scheme of things, Dogecoin is exhibiting accumulation signals, evident by the heavy buying spree whenever price hits SC levels ($0.1527). I read this as whale-buying activity, where they'll have plenty of buy triggers at that level. As bullish as that may sound, we have not yet been given a sign of a Spring event, aka a revisit...

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NOT FINANCIAL ADVICE NGL, I'm still a novice student of Wyckoff Method, but take this study with a pinch of salt, please. 19 MAY: Preliminary Support (PS) [First signs of market distress is seen. Supply is being dumped. 22 JUN: Selling Climax (SC) We see capitulation ending here 25 JUN: Automatic Rally (AR) Because intense selling pressure has gone,...