stromm_by_wmc

stromm_by_wmc

The total market capitalization of the crypto market increasingly seems like we might soon see a reversal for Wave 3, as there isn't much room left for upward movement. We would reach the all-time high in market capitalization just above the 361% extension for Wave 3. Thus, we don't believe there can be much further upward movement. Afterward, we should see a...

stromm_by_wmc Updated 

Adding another cryptocurrency to our portfolio, Hedera, or HBAR-USD. On the daily chart, following the last low at $0.0357, we've developed waves 1 and 2 and are now in wave 3. This wave is expected to reach between $0.14 and $0.27. The exact placement remains to be seen, but we'll definitely be looking for entries for our wave 4 afterward, planning to hold...

stromm_by_wmc Updated 

Cryptocurrencies are experiencing challenges post the Bitcoin ETF release, a predicted event that didn't act as a Buy-like catalyst for the market. It serves as a reminder that not all assets surge after such an occurrence. Despite this, the current phase presents an intriguing opportunity, particularly for PolkaDot. PolkaDot has shown a somewhat delayed response...

stromm_by_wmc Updated 

In our detailed examination of the daily chart for Palantir Technologies, we've uncovered the development of a 5-wave cycle culminating in our significant Wave (1). We are currently navigating through Wave (2), which appears to be shaping up as an expanded Flat Correction. Closer analysis suggests that the extent to which Wave B overshoots should directly...

stromm_by_wmc Updated 

The complexity of the Bitcoin chart makes it a challenging subject for analysis, contrary to some claims of simplicity. We are considering two potential scenarios. Notably, we are not immediate proponents of the all-time high theory, given the critical level observed on the daily chart. Here, we entertain the alternative scenario that Wave (3) may have been...

stromm_by_wmc

For AMD, we've continued to see this rise since our last analysis, partly due to very positive news in the market about chips, indicating that chips look very promising in the near future, as expected. AMD rose by 9% yesterday, and pre-market, it's already opening up by 3% higher. We believe that the 161% mark will be reached quite quickly. This Wave (3) could...

stromm_by_wmc

For Walt Disney, chart analysis reveals the completion of a first cycle with an all-time high at $203, followed by what appears to be a 5-wave structure downward towards Wave (A), concluding at a double bottom with Wave (4) at $79. This formation is characteristic of a Wave 2, yet its brevity on the 3-day chart suggests a potential flat correction. Anticipation...

stromm_by_wmc Updated 

Ahead of Google's upcoming earnings release tomorrow, we turn our attention to the larger framework of Google's chart. Two key scenarios warrant special attention: Scenario 1️⃣: Completion of Wave IV The assumption that Wave IV has already concluded at $83.34 suggests we are currently in the midst of the overarching Wave V. The undergraduate wave cycle is...

stromm_by_wmc

As we start into the Earnings Season, our focus turns to Goldman Sachs Group on the daily chart. Zooming out, we observe the completion of the higher-degree Waves III and IV, finalized at $290, marked by a Triangle where Wave E broke to the downside. Subsequently, an impulsive Wave (1) unfolded, reaching $390. Now, the anticipation is set for Wave (2), expected...

stromm_by_wmc

Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on...

stromm_by_wmc Updated 

For Apple, two scenarios remain feasible. We continue to believe that we may have witnessed the completion of a significant cycle and anticipate a further correction downwards, expected to range between $115 and $90. Theoretically, according to traditional analysis, this correction should ideally be between $115 and $92. This bearish grand scenario would become...

stromm_by_wmc Updated 

Given that we've surpassed the 138% level, we must anticipate a more profound downward trend. We find ourselves in what appears to be a Wave ((ii)) correction, and we won't force an entry. Instead, we're adopting a long-term stance on Ethereum, avoiding the catch of falling knives. We expect a retracement between 50% and 78.6%, targeting the $2,300 to $1,860...

stromm_by_wmc Updated 

Like other cryptocurrencies, Ethereum has recently experienced a sharp increase that exceeded our expectations, prompting us to reassess our initial scenario. Initially, we anticipated another correction downwards to complete our premiere scenario. Upon reevaluation of the daily chart, it appears we might be in the overarching blue Wave (3). However, a closer...

stromm_by_wmc

Gold's movement on the 2-hour chart continues to align with our expectations, maintaining its course within an ABC correction towards the overarching Wave (2). This correction is projected to reach between 50 and 61.8%, corresponding to the $1980 to $1940 level. The transition from Wave B to Wave C likely remains within a 5-wave structure. We've observed a rapid...

stromm_by_wmc

Chainlink has seen a significant surge in momentum over the past few days, fueled by various speculations about potential developments. However, when we delve into the chart technicalities and set aside external noise, we uncover a fascinating narrative: Chainlink has been in an accumulation phase from May 2, 2022, to the end of October 2023. This phase marked the...

stromm_by_wmc

In the aftermath of Netflix's Earnings Call, witness a remarkable 7% surge in after-hours trading! The intricate chart unfolds the completion of the initial cycle in July 2020, marked by an expanded Flat and Wave II concluding around $165. Embarking on a new Wave (1), the chart showcases an engaging 5-wave structure to the upside. Upon our analysis, the low of...

stromm_by_wmc

The current chart analysis suggests that Solana might be nearing the completion of a fascinating 5-wave cycle. An anticipated correction for the second wave (2) is expected to fall within the range of 38.2% to 61.8%. The minimum target for the subsequent Wave 3 is set at $273, indicating a potential increase of nearly 240%. It is advisable to continue monitoring...

stromm_by_wmc

The primary beneficiary of the Bitcoin ETF approval seems to be Ethereum and altcoins. With talks of a potential Ethereum ETF approval, the market is confident that if a Bitcoin ETF is approved, an Ethereum ETF might follow suit. On the daily chart, it's evident that we are still within an overarching Wave 3, both on a higher and lower degree. I anticipate a...