A text book A-B-C correction seems to have been completed at the 1.618 Fibonacci level to confirm Wave 4 bottom. The trend reversal looking more solid by each weekly candle.
Elliot Wave counts confirm BTC has potentially bottomed to find the bottom of major Wave 4 and has already started its Wave 5 to the upside!
Elliot Wave counts confirm BTC has most likely bottomed to reach the end of Wave 4 and has already started major and final Wave 5 to the upside before the next potential blow-off top.
Looking at the historical chart of Bitcoin (BNC Liquid Index for Bitcoin), BTC is about to confirm the end of bigger Wave 4 in this market cycle and poised to start its parabolic rise to mark Wave 5 towards $225K and maybe slightly beyond. The weekly 21 EMA seems to have provided support for the price action past week and is doing so again this week with a higher...
QKC has finally bottomed against BTC after a bear market of over 2 years long.The past 2 months has seen a heavy accumulation on QKC/ BTC and QKC/ETH pairs. Now the QKC/ BTC pair is pushing against the 35 sats resistance line, which it will break and flip into a strong support within a week or two. Once that happens there is almost no strong resistance up to the...
SingularityNet (AGI/BTC) pair seems to have confirmed its bottom formation by last weekly candle and looking poised for an explosive move to the upside as part of its Wave 3 formation. The ichimoku cloud shows almost no resistance. Jump the bandwagon before its too late. A potential 700-800% profit is very likely. This is the beginning of the next altseason.
Ethereum has likely started its wave 4 within the bigger wave 3 with a target of $700. This should also fuel the altcoin market in the coming weeks.
Looking at the weekly altcoin marketcap, the next leg up is looking imminent. The weekly marketcap has held 21 EMA very nicely so far. Considering many altcoins have rock bottomed for over 1 year (on average 14-to-16 months), I am expecting some nice moves on lowcap altcoins and one of my favourites Genesis Vision ($GVT) is already showing some signs of life past 2 days.
Fantom has finally broken out of the resistance zone of around 300 sats and is competing the retest for a flip of resistance/support. It is then entering uncharted territory. I initially expect and hope it to reach 2000 sats and be in the Top-50 with a 500M market cap. Maybe I am being very modest here.
I believe Harmony (ONE/USDT) on Binance is ready for an explosive move and repeat what ThetaFuel has just done as the setups of both coins are looking almost identical. It's worth giving this trade a shot.
I am expecting the current BTC fractal to play out within the next couple of days. $7400 level is likely to hold as strong support for the next and final leg upwards to $11600 - 12300 levels.
I am taking this trade on Binance for the next leg up for COTI, what seems to be Wave 5 - final wave of this uptrend. USDT 0.017 level seemed to have hold as a strong support marking the completion of Wave 4. Final wave up has a potential of around 75% gains.
Could this be the trajectory for XRP's ultimate bottom at $0.035 - $0.04 a coin?
One of my favourite altcoins ZRX has recetly exploded and has completed Wave-3 of the bigger 3rd wave. It is now going through a correction that will probably take a week or two to only complete Wave-5 or the bigger 3rd wave.
DXY seems to be going into a downtrend...
WABI seems to have complicated its consolidation and looks ready for a big leg up. Daily RSI has rock bottomed and OBV seems to be picking up.
Bitcoing has almost completed its corrective leg to the upside and is now entering the final downward leg of its bear market.
My long term technical analysis for SILVER #AG. Please share your comments and feedback...