shubbs

shubbs

The intermediate 5th waves in Bitcoin's bull markets since its beginning: 2011 Extension of the 2nd, 3rd, and 4th intermediate waves yielded the 4.236 at $4.52; Bitcoin went to $31.90 in June 2011, a 7.1 fold increase beyond the furthest extension 2013 Extension of the 2nd, 3rd, and 4th intermediate waves yielded the 4.236 at $1187; Bitcoin went to $1177 in Nov...

shubbs

Putting a Fib extension on the move from $29300 to $52900 and back to $39600 yields near $100K in a few weeks, a 4th wave correction to about $77K, and a 5th wave blowoff top in Dec 2021 at about $145K. Bitcoin is biding it's time now, but it's just preparing with massive support underneath current prices for a big move IMO. October and Nov 2013 and October...

shubbs

The following are the last 9 weeks of the 2013 bull run: 30 Sep 2013 $126.44 7 Oct 2013 $134.84 6.6% 14 Oct 2013 $167.48 24.2% 21 Oct 2013 $193.89 15.8% 28 Oct 2013 $212.80 9.8% 4 Nov 2013 $327.56 53.9% 11 Nov 2013 $502.07 53.3% 18 Nov 2013 $807.71 60.9% 25 Nov 2013 $963.05 19.2% 30 Nov 2013 $1177.19 22.2% BTC the last 9 weeks went 9.31 fold. ...

shubbs

Bitcoin Golden Crosses (50 dma crosses over the 200 dma): Lark covered these in his latest video. I summarize them as follows: 2/7/12 $5.64 Golden Cross 11/30/13 Top $1177 208.7 fold 10/26/15 $247 Golden Cross 12/17/17 $197674 Top 80.0 fold 4/22/19 $4487 Golden Cross 6/26/19 $13831 top 3.1 fold 5/11/20 $8067 Golden Cross (also was the last...

shubbs

Sep 2nd, 2017 Bitcoin was $4980. An ABC correction ensued for 13 days until Sep 15th, 2017 when Bitcoin bottomed at $2975, a 40% correction. Sep 7, 2021 Bitcoin topped at $52945. Another 13 days correction would be a bottom on Sep 20th and that would roughly correlate to Bob Loukas' right translated 60 day cycle. What followed the $2975 bottom on 9/15/17...

shubbs

If Bitcoin can't surpass the recent $42600 level, then it's likely there will be one more C wave down. Then I expect the 3rd intemediate wave to be at least equal to the first wave at $13800 change from $28800 to $42600. It will probably be about 1.618 times that wave or $22300. So if the C wave goes to say $36000, then expect later this month and into...

shubbs

$40500 is the top of the cup and handle; once Bitcoin gets some daily closes above $40500, then the target should be about $44500. $40500 (top) - $36500 (bottom of cup) = $4000 (depth of cup) + $40500 (top) = $44500

shubbs Updated 

The Fib extension tool is excellent in projecting the 5th intermediate wave for Bitcoin in its bull markets. First bull market 2011-13: Using the Fib extension tool to extend from intermediate waves (2), (3) and (4) yields the 4.236 extension at $910. Bitcoin went well beyond that to top at $1177 in Nov 2013. Second bull market 2015-17: Using the Fib...

shubbs

The following are the major Elliot Waves from Bitcoin since it started trading on the exchanges in 2010. Understanding the Elliot waves for Bitcoin brings an understanding of the volatility of the market and a long term perspective. I have included the Bitcoin "log growth curves" indicator by Quantadelic since it illustrates top and bottoms for bull and bear...

shubbs

Bitcoin has been in a 4th wave correction from the $64899 for several months. It looks like it may be in a 5th wave of the C wave of an ABC correction. Bitcoin often retraces to the golden pocket, the 0.618 to 0.65 Fib correction range of the 3rd intermediate wave move from $3858 in Mar 2020 to the $64899 high. After this 4th intermediate wave is over, then...

shubbs

Shown is the monthly chart for Bitcon with all the intermediate, primary, and cycle Elliot waves. The following are wave numbers, dates, $BLX prices, % profit/loss and $ profit loss for each wave since Bitcoin began trading on the exchanges in 2010: Wave Date $BLX % P/L $ P/L (0) Oct 2010 $0.01 - - (1) Nov 2010 $0.49 4700% $0.48 (2) Dec 2020 ...

shubbs

There are a few clues you can take from the "Bitcoin log growth curves" indicator by Quantadelic from past cycles that could prove useful in determining when to sell your Bitcoin at the end of this cycle. The first time the 8th log growth curve was hit of the 10 total was 6/4/11, 4 days before the $31.60 6/8/11 top. Bitcoin hit the 8th growth curve or above from...

shubbs Updated 

Quantadelic's "Bitcoin Log Growth Curves" indicator on Trading View has depicted cycle tops for Bitcoin in the past and points to certain prices in the future (BLX prices): Low Oct 2010 $0.01 (1) Jun 2011 $31.90 3190 fold Top of the Curves (2) Nov 2011 $2.01 -93.7% Bottom of the Curves (3) Nov 2013 $1177.19 585.7 fold Top of the Curves (4) Jan 2015 $163.88 -86.1%...

shubbs

ZRX has retraced to the 0.786 Fib level to complete intermediate wave (4). Intermediate wave (2) also corrected to the 0.786 Fib level. I have found that the 1st, 3rd, and 5th intermediate waves line up often. As such intermediate wave (5) projects ZRX to $7 by October.

shubbs

DOGE was just listed on Coinbase Pro. A few weeks ago it was listed on Gemini. It has gone down 71% from $0.74 to $0.21 and now is at $0.34. It looks to me the 4th intermediate wave is finished. If you line up the 1st and 3rd intermediate tops and project it to mid October, then DOGE could hit $7 if it hits the resistance line again. I've seen these...

shubbs

I've lined up the 1,3, and projected 5th intermediate waves for Vechain (VET). It projects to $1.50 by mid October to complete this bull cycle. JMHO

shubbs

It took 3 weeks after the 41% correction from $3000 to $1758 from June to July 16, 2017 for Bitcoin to recover and surpass $3000 again. Four months later it peaked at $19892 on 12/17/17. The 53.8% correction from $64899 to this morning's low at $30000 is similar to the mid-cycle correction in 2017. It should take about 4 weeks for Bitcoin to surpass $64899...

shubbs

I count a primary wave 1 for LTC in June 2019 at $146.00. Primary wave 2 ended in Mar 2020 at $25.00. Primary wave 3 ended at $335.35. Primary wave 4 ended today at $146.19. If wave 4 had gone below #146.00, then the count would have been invalidated. But the count held. Wave 5 will go well above the $413.91 recent high in the months to come.