shubbs

shubbs

You can see from this monthly Bitcoin chart that Bitcoin has stayed in a channel for the last 7 months. Bitcoin did this also in 2017 as it went from $1K to $20K. If Bitcoin stays in this channel for 5 more months, then Bitcoin from the channel lower bound and upper bound would project a Bitcoin price from $230K to $380K.

shubbs

Litecoin is breaking out of an ascending triangle formed the last few days on the one hour chart. Breakout point $283; low is $255; target is $283 + the difference or $28 = $311.

shubbs

The LTC to BTC ratio is finding support in the 0.00332 area just like 2017. There was a strong bounce in the ratio at this level in early 2017 and the ratio went in favor of LTC most of the rest of 2017. LTC had a strong bounce today up almost 10% compared to BTC's 2% today. This may be the beginning of a huge move in LTC compared to BTC again just like 2017....

shubbs

In June 2011, Nov 2013, and Dec 2017 Bitcoin topped at $32, $1177, and $19892 respectively. These were the tops of the last 3 bull cycles. The golden ratio time chart theory by trading shot predicts Bitcoin will top by the end of Sep 2021. The top of the "Bitcoin log growth curves" will be about $130K by that time. Will the top be near that price in that...

shubbs

The "Bitcoin log growth curves" indicator by quantadelic suggests Bitcoin could be going to $100K in the next 4 weeks. 5/9/11 Log growth curve was at 6.4 when the $BLX was $6.99. 4 weeks later the log growth curve was at the top at 10 when the $BLX topped at $31.90, a 356% move. 11/4/13 Log growth curve was at 6.4 when the $BLX was $327.56. 3 weeks later...

shubbs

My Elliot Wave count shows ETH has already bottomed. It's ABC IMO has already completed. The first impulse move has occurred with a higher high and the little ABC correction down has completed forming a higher low. That's usually the beginning of a new bull trend. Get ready for ETH to pass the recent $1477 ATH soon.

shubbs

Bitcoin is in a C wave of an ABC correction since the $42000 high on Jan 8th. It looks like BTC will go to about $27000 by the end of this week to finish this correction. After 30-40% corrections in 2017, BTC typically made 150% gains after in a few months. A 150% gain from $27000 would be the $65000 prediction by Max Keiser. I suspect it will get there by...

shubbs

The drop from $1350 on Jan 10th to $905 on Jan 11th eventually formed a cup when ETH reached $1440 on Jan 19th. $1350 - $905 = about $440; add $440 to the ATH cup neck and you get a target of $1880. The handle has been forming the last 4 days. From $1440 ETH dropped to $1040 on Jan 22nd. When ETH hits the $1440 ATH and neckline of the cup and handle; the...

shubbs

It looks like from June to Dec 2017 that LTC outperformed ETH as the LTC:ETH ration went from 0.1 to 0.6. The ratio is now 0.1167 and is bottoming. I suspect when ETH passes $1420 soon, then it's moonshot after will pull a lot of alts up with it including LTC. LTC has a smaller market cap $10 B versus $144 B for ETH. Thus it should take much less fiat to move...

shubbs

This is a monthly ETH to BTC ratio chart. It shows how ETH outperformed BTC in the last bull cycle and underperforms BTC in the last bear cycle. The ETH:BTC and BTC:ETH ratios are as follows: Month/Yr ETH:BTC BTC:ETH Nov 2015 0.00137 730 Mar 2016 0.0372 27 Dec 2016 0.007302 137 Jun 2017 0.1530 6.5 Sep 2019 0.01615 62 Sep 2020 0.04055 25 Dec...

shubbs

The current Bitcoin symmetrical triangle since the near $42K top and the $30100 bottom looks like sideways motion since within the triangle. Since the direction into this triangle was from lower level, it is likely this triangle will break to the upside and within the next few days. A break at $38K+ projects a target of $50K+.

shubbs

The ascending triangle neckline was broken at $36250; the target for this move is now $36250 + ($36250-$30100) = $42400. The Elliot Wave is in a 3rd minor wave that should break $40K resistance soon. I believe after the target is met there may be a retest of $40K as support then a big move up toward $45K.

shubbs

I added the S2F indicator to the BLX weekly chart. I discovered the values the S2F model predicts have occurred in a few months after. For example, 6/18/10 S2F predicted a 42 cent price; price was achieved 11/1/10, 4.5 months later. 3/14/11 S2F predicted a $3.71 price; price was achieved 4/25/11, 1.4 months later. 10/24/11 S2F predicted a $12.77 price; price...

shubbs

I've seen some very bearish scenarios if Ripple tries to fight the SEC in a long court battle. I've seen Elliot Waves projected to 4 cents. When I look at the long term XRP chart on Poloniex, however, I see a bullish long term scenario especially if the recent 17 cent low holds. Alessio Rastani pointed out the significance of XRP holding that 17 cent low. He...

shubbs

BAND is in a intermediate strong wave (3) now which could take it to $100 in a few months. After a corrective wave (4) it's possible wave (5) will take BAND to $400 to $500. JMHO

shubbs

On the 1 hour, BTC fell from $40425 to $36200 in 32 minutes today or a 10.5% correction. Many analysts keep projecting large 30-40% corrections are coming for Bitcoin like the 2017 bull cycle. That simply hasn't happened yet since the March 2020 COVID dump to $3858. Corrections were 15% and 21% in the spring and summer. Since Bitcoin passed $20K, corrections...

shubbs

A cup and handle formation has traced out in the last day or so. $35800 which was resistance has now been backtested as support. Target is the top of the cup at $35800 - the cup bottom at $33700 + cup top $35800 = $37900.

shubbs

Ethereium is in another bull flag pattern. The pole is from $753 to $1169 on the one hour chart shown for a $416 gain. It looks like this pattern will break to the upside soon once ETH breaks $1100. Target of the pattern is the breakout point $1100 + the pole gain $416 = $1516 which would surpass the $1420 ATH of ETH on Coinbase.