mrzaitsev

mrzaitsev

BTCUSD. The BTC price was able to stay above the important diagonal after breaking through it on October 16 despite the initial spike. Then the growth only accelerated and we were finally able to see the iii wave (green cycle) in its full force. Today the price has already risen above 35,000, setting new annual highs. I highlighted the summer 2020 zone on the...

mrzaitsev

If this wave calculation is correct, we are on the verge of accelerating the decline of the NASDAQ and other US indices. Third waves of different cycles line up to hit down simultaneously.

mrzaitsev Updated 

BTCUSD. An interesting price analogy. Few people expect the BTC price could fall back to 20K area, isn't it? ... We've seen an upward price channel in wave B again like it was in the beginning of 2020 during blue cycle wave 2. Wave 2 was a zigzag and wave 4 may take an expanded flat formation according this scenario. Could be dangerous for hodlers. Keep calm and...

mrzaitsev

It looks like the most important cyclical top since at least 1929 is drawn on the Dow Jones Industrial Average.

mrzaitsev Updated 

This is BTC dominance chart in crypto world. We are seeing that BTC share in crypto market capitalization grew for two years in a row since Jan. 2018. Now this trend is broken. If a new trend will be established, it will have a very important consequences, meaning that we are in a new expansion cycle again and more money flows will go to altcoins increasing their...

mrzaitsev

BTC market did now what it failed to deliver during it's 40% spike on October: broke bearish trend since June 2019 highs. Growth from 18 Dec bottom looks impulsive. It was broad and supported by altcoins. There are more and more evidences that we are in early subdivisions of wave 3 (blue cycle) with targets far beyond 19K top of Dec 2018.

mrzaitsev

BTC soared more then 16% today. This jump was very fast and merciless. I thought we'd see another low before drawing a bottom. Now I have to admit that I missed it. I've adapted my wave count according to latest price action. According to updated count, the price correction from the top of June (13900) is over. This correction lasted 4 months and shed 47% of BTC...

mrzaitsev

Big triangle pattern was broken downwards yesterday. This breakout was part of complex 2nd wave correction (blue cycle) and damage it produced will not be recovered immediately. I guess we shall wait for 5 waves down to form since Sep. 06 high (purple cycle) before making new bullish bets. Probable wave 2 target may lay within 7000-7400 range. 

mrzaitsev Updated 

Gold price is likely to break resistance and reach 1500 area (50% FIBO, upper channel border) during summer season.

mrzaitsev Updated 

BTC price broke consolidation upwards at 11200 yesterday and stayed above resistance near 11400 most of the day. This bullish setup gave immediate fruits. BTC price accelerated again during Asian session and brought bulls more then 10% overnight. It looks like non stop carnival train, but market has reached very serious resistance stop just under 13000 This...

mrzaitsev

I've underestimated possibility of robust growth after BTC price broke consolidation upwards near 8100 on 12 June. Similar mistakes are not rarely to meet during a trend phases. We saw strong rally later this week to the new year high near 9400. Now market is deepening during some pullback. I don't think any more that this growth is part of a correction. I've...

mrzaitsev

We've got lower high 8830 on 2. June and break of lower wedge border earlier today. Market is reversing slowly. I guess that first impulse 5 waves growth from Dec. 2018 is completed. Let's summarize it a bit. Nice ending diagonal was formed in 2nd part of Nov and 1st part of Dec. This pattern told me that 1 year long bear market is about to change. And we saw...

mrzaitsev Updated 

XRPBTC: We are witnessing that attempt to resume its surge after breaking triangle is almost failed. It reminded me that I saw something similar in this pair before. See May and June 2017 on above chart please. If old pattern repeats, then next 6 months will be inglorious for ripple. It may come down to 025-35 again.

mrzaitsev

BTCUSD. Since 6. Feb bottom I left bearish wave counts on backyard but now we have to contemplate them again. Bearish action since up trend was stopped at medium term trendline (pink) on 5. Mar was very aggressive and gave impression that big Bear is back. In last 4 days market was plunging in the space full of supports without even noticing them. It can be...

mrzaitsev

BTCUSD. After touching medium term bear trend (pink line) on log scale we've got 3 black daily candles in a row which took away more then 20% of BTC value already. Slope of this decline was steep and volumes were high. We shall take it seriously because of so called "three black crows" candlestick pattern (www.chart-formations.com), which is famous bearish...

mrzaitsev

Bounce from 09 Feb bottom is probably over. Get ready for serious wave 3 to the downside in US and global stocks if this is true.

mrzaitsev Updated 

ETHBTC is consolidating and may face further pressure if actual narrowing range will be broken to the downside.

mrzaitsev

Break above 7600 will be quiet bullish for FTSE 100.