gz1968

gz1968 Updated 

My Primary Elliott wave count for this correction for BTC has been a Sideways Double Combo (WXY). Do not confused this with a Sharp Double Zigzag (also WXY). Two different beasts.

gz1968

So this chart I actually saw by YouTuber Blockchain Backer. I recreated it to show here. I did not alter the 2015 fractal, though I could have for a slightly better fit. It is the original size.

gz1968 Updated 

In case you are not familiar: TOTAL3 = Total crypto market cap - BTC and ETH market caps. What I did in this chart is further subtract out the three major stable coin market caps. TOTAL3 - (DAI USDT USDC market caps). To be exact: CRYPTOCAP:TOTAL3-CRYPTOCAP:DAI-CRYPTOCAP:USDT-CRYPTOCAP:USDC Since their price is pegged to $1, they serve as a dampening effect to...

gz1968 Updated 

I have an Elliott count chart with the idea of BTC not going lower than $23,300. I publish this chart separately below, as it is so busy. I have an interesting possible confluence of trend lines and support lines that converge at roughly $23,300 which coincides with my Elliott chart. About the multiple upward slanted trendlines. I drew my one core trendline in...

gz1968 Updated 

My current Primary count for BTC is a Sideways Double Combo Correction (WXY) for the wave 2. Notice I put yellow Intermediate (A) and (W) next to (1). There is a possibility that BTC is actually putting in a large corrective structure. The blue line is an anchored VWAP. I would not like to see BTC go lower than $23,300 . If it does, I'll probably move to my...

gz1968 Updated 

I'm showing some trendlines that were respected by bitcoin. In addition, support/resistance lines. Watch out for them going forward.

gz1968

I came across this idea, that perhaps BTC is forming a megaphone pattern. This is not Elliott. I thought I would post it, as it looks interesting. It defintely goes against the bear narrative. I post a link to an article that talks about it. forexbee.co

gz1968 Updated 

I had earlier published a bear count for the NYA. Well here is a bull count. Both are possible at this point. You want it to get past the 0.765 to 0.786 Fib Speed Resistance Fan to help confirm the bull market.

gz1968

For the NYA (NYSE Composite Index) I see an expanding flat (circled ABC) finishing up with an ending diagonal for the C wave. If so, get ready for a major plunge, most likely to the golden zone.

gz1968

I have different XRP scenarios, and this one was my 3rd likely scenario. It may quickly become my Primary scenario depending on what XRP does next. This one is the most bearish and is very possible. Notice I labeled the minor blue B wave as being a Sideways Double Combination (WXY). I had never considered this before, since it has such a slant to it. But,...

gz1968

The pitchfork for the weekly shows a very interesting possibility for XRP. Is the low in? RSI on the weekly went lower than it has ever been, indicating a bottom. But who knows. Many think the SPX final plunge ending around November could bring all of crypto down further.

03:15

gz1968 Updated 

XRP seems to be completing a classic 7 wave capitulation structure. I learned of this structure from Blockchain Backer, who seems to have discovered this pattern on his own. It is not Elliott. If true, the bottom for XRP is not in. I post the chart below too.

gz1968

I found a 7 wave capitulation structure playing out for XRP. This is not Elliott based. It is a pattern discovered by Blockchain Backer (BC). In this chart, there is a double pattern. BC had mentioned that within the seventh wave itself, a complete mini 7 wave structure often forms. Which seems to be occurring for XRP. If so, the bottom is not in for XRP.

gz1968

I am posting three possible scenarios for the Bitcoin Dominance ( BTC.d ) wave structure forming this entire bull run. Scenario 1 shown above is the most bullish (12345 impulsive wave down) Scenario 2 shown below is bullish (wave B corrective structure) Scenario 3 shown below is the least bullish (ABC Flat corrective wave) - invalidates below 35%. Video: I made a...

gz1968

I plot BLX (which is BTC) along with JNK/TLT ratio. JNK/TLT ratio is (Junk Bonds ETF) / (20 year bond ETF ) . This ratio can serve as an indicator, to show if the market is loving risk or loving safety on a macro level. Risk on to risk off ratio. You can see that the JNK/TLT ratio correspond with market bull & bear cycles. Notice the JNK/TLT tops form a trend...

19:49

gz1968

This is a 20 minute video showing everything I know about this Bitcoin Dominance (BTC.d) chart. In the beginning, I show basic things about BTC.d for those who do not understand the importance of it to altcoin holders. So if you are experienced, be patient. In the latter half, I go into more technical detail. The three scenarios I go over is that this wave form...

10:13

gz1968 Updated 

I have followed XRP for quite awhile. I am giving my overview of the macro picture and the current situation with the chart. I use: - Elliott Wave - Channel - Pitchfork - Fibonacci - Vegas Wave (144 & 169 EMA) plus 233 EMA. For those biting their fingernails, watching other coins take off, I think you will like this video. I am very bullish on XRP, as long as...

gz1968

I'm calling BTC bottom $34900-$35700 . I can be wrong as hell of course. There is an inverse relationship between BTC and USDT.d It will be interesting, to see if the USDT comes back into the market into alt coins for the altcoin pump we've been waiting for. Get ready