Here is a potential setup to buy XLM/USD before it's run up to ATH. Let's see how it plays out.
Here is a potential move for XRPUSD to hit ATH in this 5th wave. Normally in an Elliot wave the the 5th wave hits the 100% fib level or higher so I am guessing we see ATH very soon. I would expect major selling around ATH with an ABC correction following ATH. Let's see what happens.
I took a fractal pattern of the previous bull run that led to ATH. Things are looking strikingly familiar. Let's see how this plays out with a looming SEC settlement.
Here is a Macro view of Bitcoin. The price action rejected the upper regression band. I do not know what will happen in the short term but should the price fall down to the lower regression band I will accumulate more. Not financial aadvice.
7 year support trend line which turned into resistance in 2018 will be tested here in the next few weeks/months. We could see heavy resistance around 80k. I am still very bullish on BTC but trending higher will be no wall in the park.
The Pi Cycle Top Indicator was pretty accurate the past two market cycles and things are getting pretty heated with regards to this this current market cycle. The RSI sits just above 91 as well and historically 97 is another indicator that the market has reached a top. I know everyone is calling for 200k BTC this market cycle but what if we get bamboozled. Just...
In the two previous bull cycles, BTC has tested the 20W SMA as support. In 2013, it tested it only once but the correction to the support line was quite substantial. In 2017, the support line was tested multiple times and the corrections were not *as* big. We have yet to test the bull market support line which currently sits just above $34k. I am bullish for...
I've been doing some research on Elliot Wave Theory and was messing around with the BTC monthly chart and found that the monthly chart dating back to 2010 makes a pretty good Elliot wave according to the Elliot Wave rules. I am by no means a pro and have only got into TA this past year. With the rate of BTC trending upward I would not be surprised to see a...