shubbs

shubbs

Notice in 2013 LTC went from under a dollar to tens of dollars ($50 approximate high) in a few months. Then in 2017 LTC went from about $4 to $370 in few months. I've drawn the long term trendlines on the chart showing support and resistance for LTC from 2013 until now. Almost all price action has remained within these trendlines. Notice there was a run up...

shubbs

Look at this BLX weekly chart. MM Crypto today pointed out this indicator. On 11/30/13 when the BLX topped at $1177, the 200 wma then was $31.90 (extended backwards a few weeks as Chris from MM Crypto suggested). That was the previous ATH price on 6/6/11. It happened again at the 12/17/17 $19764 top. The 200 wma that day was about $1209, above the $1177...

shubbs

You can see the W's in the weekly GBTC chart. A triple bottom in the $12 area describes this W patterning action. The ABC correction is likely complete. The move up off $12 has likely started. "The market often gives 2 or 3 bottoms, but it rarely gives 4 or 5". Davinci Jeremie

shubbs

The Litecoin weekly chart has had two times when the Gaussian Distribution channel has turned from red to green. On 2/29/16 it turned green and the LTC price was $3.18. LTC went up for the next 22 months to $370.78, a 116.6 fold gain. Recently the channel has turned green again. If we take yesterday's low price at $71.15 and assume this next move will move...

shubbs

The Gaussian distribution channel for Bitcoin on the weekly chart has determined when Bitcoin has entered a strong bull market and never looked back. Two times in the past BTC's Gaussian distribution channel changed from red to green. On 8/20/12, the channel changed from red to green. That $10.56 BTC price was the low for the next 15 months as BTC shot up to...

shubbs

The LTC:BTC ratio peaked all time high was Nov 2013 at 0.05299 which coincided with that bull market peak. In the ensuing bear market ABC correction, the LTC:BTC ratio fell to 0.00070 in Aug 2016. The bull market in BTC and LTC then really got going with LTC outperforming BTC. The LTC:BTC ratio rose to 0.0250 in Feb 2018. A bear market in the ratio has been...

shubbs

I have the weekly ETH:BTC chart here since 2015. In the last bull market ETH outperformed BTC from late 2015 to mid 2017 as the ratio rose from 0.00137 to 0.15297. I have shown what I think that 12345 impulse wave looked like. From mid 2017 to now, the ETH:BTC ratio has been in a bear market. I have shown the ABC projected pattern with a C wave ending probably...

shubbs

Adam is illustrated in July. Eve was formed into August. Bitcoin now pushing up bullish out of this pattern.

shubbs

Litecoin is about to blow through $100. There is a clear cup formed and the handle has formed the past couple of days. Bullish for Litecoin

shubbs

1. The green support line since February 2019 low has provided support several times in April and is also now in play as support for Bitcoin. 2. The green support line which were the lows for waves (A) and (C) in this correction since June 26th. 3. The green support line for the double bottom at $9071 on July 17th and $9118 on July 28th. 4. The red...

shubbs

This is a 5 wave impulse move that should stop at the resistance line from the $13868 top. I would expect then an ABC correction, then an impulse move over the resistance line, a move down to the resistance line to support, then a much higher move after that. This should occur by the end of July IMO.

shubbs

Notice the peaks in the RSI are near equal at about 87 in the daily Bitcoin chart. The BTC price was higher each time, however. This is a sign of "exaggerated bearish divergence"; BTC was due for a correction based on this signal in the RSI when it peaked at $13868 on June 26th. The subsequent ABC correction, however, has created a "hidden bullish divergence"...

shubbs

I believe the wave (4) bottom was in for BTC at $9651. Consolidation higher has occurred since then. The apex of the triangle is coming. I'm expecting a break out UP out of this triangle before the apex.

shubbs

I could see how this corrective wave was going to develop late this morning into early afternoon. It looks like it will finish in the $10500 area. The 1.618 Fib extension of the move from $9651 to $12064 to maybe $10500 or so is about $14100 for the coming few days up to a week or so.

shubbs

$9651 was the intermediate wave (4) bottom IMO. This move to $11500 is being followed by a normal correction. The 0.382 Fib retrace at $10800 looks like a logical place for the end of this correction.

shubbs

My Elliot Wave analysis shows all the counts are in and the downtrend should be over now. Bitcoin has broken bullish with an impulsive move to the upside today.

shubbs

LTC has broken to the upside virtually every time UP in this formation this year. It should break UP either tomorrow or Tuesday since they usually break about 75% of the way to the apex of the triangle.

shubbs

Wave (5) is now in progress for LTC. The first two minor waves of this wave are complete. This is the beginning of the third minor wave. It should be fairly significant. The 1.618 Fib extension of the the first two minor waves could be hit in the third wave to $153.