We are currently completing the 4th wave of the larger 3rd wave and BTC may consolidate around 100k for a while before it takes off for the final push (smaller 5th wave). BTC will probably complete the larger 3rd wave around 144K and continue with larger 4th and 5th wave in 2026.
Optimism is one of those altcoins that I have been carefully watching for a while along with TWT that has recently broken out of a triangle. OP chart very much reminds me of Matic before breaking the triangle after almost 650 days of consolidation; so I decided to share my thoughts hoping we all make some money if it follows the footsteps of Matic. - Usually when...
14.6 cents before the end of 2023 next target is $1.38 by late 2024 and possibly $6 before the bull run ends.
- I assume we will shortly break above 800 daily EMA this week and touch 32.6K which is the 50 percent fib level of the previous wave down from Nov 2021 - Then we go back down to retest 50 and 200 daily EMAs and then move towards 61.8 percent fib level of the previous wave at 39K - After that a shallow pullback and finally 58K - I don't think we go any higher...
As you can see on the chart I use 50 and 200 EMAs and MACD to count the waves. Whenever we see a valid 5-wave structure we can also see the corresponding reactions with 50 and 200 EMAs. - First we see 50 cross above 200 EMA for the first wave to the upside. - Then we see a cross below 200 for 2nd wave correction and the gap between EMAs turns red. - A bullish...
- IMHO we are currently completing the 2nd wave of the larger 5th wave. I assume we will break above the blue line by mid-2023; we will consolidate above or below channel median line for a while and then continue for completion of 3rd wave of the larger 5th wave (hit top of the channel). - After that XRP is going to retrace for a while (similar to what BTC is...