martinxi5u4

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Good Sunday, dear friend! I'm scribbling down some ideas I had. It's good to be back home after a week on a job project. TradingView on a phone is awesome, but I definitely prefer a bigger screen. The chart was not as clean as I wished, but it just tells some history with the correlations between DXY and BTC. For instance: Q4 2022 - DXY tops (BTC bottoms). Trend...

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Key Observations: Elliott Wave Structure: COIN has been trading within a clear Elliott Wave pattern across the timeline shown. The chart displays a complete 5-wave impulse followed by a corrective phase. Currently, we are observing the development of another impulse wave which could be signaling the start of a new bullish cycle. Fibonacci Levels: The stock finds...

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DXY has just completed its 3rd right-translated cycle, with three minuscule waves in the last daly cycle. DXY has been hugging the top of the Bollinger Bands since October. For me, this might suggest a completed leg, which could favor Bitcoin as DXY cools off

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Looking at the state of global liquidity, I believe we're in a solid position for some longer trades. The chart reflects a potential inflection point, suggesting that liquidity could increase over the next six months. This aligns well with my base case that we may see a gradual rise in liquidity, supported by macroeconomic tailwinds. From a strategy perspective,...

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Preparing to long gold around Wednesday or Thursday next week, ideally at a WTO crossover. I believe we are in the end stages of this daily cycle, currently on day 19. Typically, a top occurs around day 20-21, followed by a few days of decline. Therefore, I will not immediately long the breakout we saw today.

martinxi5u4 Updated 

The inverted USDT.D chart has broken out of the white resistance trend and is currently just below the 0.786 Fib level. I believe we will remain below this level during a dip next week, then continue upward after December 4th. Following that, I expect we will grind up the channel until we reach the 1.0 Fib level at 1.56%, just before the 50% dotted lines intersect...

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The chart analysis indicates a bullish trend for altcoins and memecoins up until December 1st, supported by the anticipation of rate cuts in September. This aligns with the concept of left-translated cycles, where market cycles peak earlier. Investors should prepare for potential significant gains but remain cautious of the inherent volatility in the crypto market.

martinxi5u4 Updated 

We’ve experienced significant red weeks recently, but it seems the market just had a fakeout below the channel followed by a swift recovery. I believe we’ve bottomed out and that we could eventually hit the 4.236 Fib level. Notably, this aligns with the 1 Fib level if you project the high from March to the low in September. This double confluence could potentially...

martinxi5u4

Bitcoin recently completed a 7.5-month correction from Primary Wave 1 to Primary Wave 2. This lengthy consolidation phase has set the stage for a strong impulsive move in Primary Wave 3. It is unlikely that we are nearing the end of Wave 3 given the recent correction. Instead, Wave 3 appears to be in its middle stages, with significant upside potential. Key...

martinxi5u4

This chart outlines an advanced Elliott Wave structure within a parallel channel. We've seen the first clear 5-wave impulse move (1-5) followed by corrective waves (A-B-C-D-E), retracing to the golden 0.786 Fib level (E)—an area of strong confluence. 📈 The price continues to respect the channel boundaries, suggesting a high-probability wave 3 extension forming on...

martinxi5u4

According to previous cycles in Elliott Wave theory, Wave 1 spanned about 150 days (now complete), and Wave 2 lasted roughly the same duration (also complete). This leads me to believe we are currently in the middle of Wave 3. According to Elliott Wave theory, Wave 3 is typically the most violent. Based on historical patterns, this wave could conclude before...

martinxi5u4

This year, I am focused on developing as many metrics as possible to track the altcoin market. In that regard, I’d like to share my latest chart: "BTC.D/Others.D on the 1M timeframe." The idea is that BTC.D will drop below the Fibonacci 0.382 level and eventually reach 0.5 FIB. Each Fib-line on the chart represents the beginning and end of what is often referred...

martinxi5u4

When I made the first post about this chart, it was primarily to highlight that we were about to break out, and shortly after, we did exactly that. However, I didn’t do a good enough job explaining my thoughts on a potential top or providing a clear selling signal. So, here’s an updated chart with confluence from the last cycle. My ideal selling zone is between...

martinxi5u4

I received a request to update my BTC.D outlook, so here it is: We crossed my green support line much sooner than expected, prompting me to update the simple line into a more detailed channel. While this might suggest we’ve broken the support, I still believe we’re in an uptrend overall. I’m watching for a bounce off the 25% dotted line within the channel, which...

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This chart represents Bitcoin (BTC) dominance, illustrating the historical and potential future market trends where altcoins experience a notable surge, commonly referred to as "alt season." This phenomenon occurs when Bitcoin's dominance wanes, leading investors to explore new projects and allocate funds into altcoins and memecoins. Historically, after...

martinxi5u4

The OTHERS.D dominance chart is presenting a compelling opportunity as it currently bounces off the lower bounds of a long-term ascending channel. Historically, these levels have acted as strong areas of support, and the confluence with Fibonacci retracement levels reinforces the bullish outlook. Based on the structure, I’m anticipating a move towards the Fib 1...

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OTHERS/BTC Analysis Forgot to take my schizophrenia meds today, and the voices tell me we are just around the timeframe for a breakout in the downward narrowing wedge for OTHERS/BTCUSD. Fibonacci timing suggests that we are within the timing band for a breakout in favor of $OTHERS. Following the 33.5° trend angle and the falling channel, we intercept Q4 2024,...

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📊 Others.D/BTC.D: The Battle of Bitcoin vs. Altcoins 🔄 This historical 1W line chart highlights the ongoing tug-of-war between Bitcoin and altcoins' dominance. The dominance ratio has shifted up-down-up-down within a long-term channel, with a notable fakeout below the 0.5 Fib level in Oct/Nov. This fakeout coincided with a touch of the bottom channel, signaling...