In my best guess at where we currently lie in the Grand Supercycle Elliott Wave Theory, I have us in Wave 3 Grand Supercycle, Wave 5 Supercycle, and Wave 5 Cycle. This most likely puts the pullback for Wave 4 Grand Supercycle and A-B-C Correction for Supercycle/Cycle between around 2350-2085, which are .618 levels. However, based on earlier corrections the market...
This REN setup looks incredible right now. This support line has been tested 3 times in since late May. Each time price has touched the line or come very close, price has spiked 95%/143%/131%. A lot more people know about $REN now and are aware of its pumping ability. 130% price target from here is more than reasonable. If history repeats itself. 812 sats is a...
Good day Traders! Today I present you with this possible Wyckoff Accumulation in progress chart. It seems that XRP is currently in the Phase C or Spring/test phase. Price has been also bouncing off previous daily lows quite well in the past. A few scenarios are possible from here onward: - price continues moving higher from here into Phase D; - a possible dip...
Using the FUSIONGAP oscillator (Zoomed out). The FUSIONGAPS series oscillators can also be set to log-scale to determine oversold/bought condition, or bullish/bearish phase/flip of the market. This is why I am not expecting a massive dump down to an all time low, or anything too brutal. If BTC's next move is a further downward correction, I'd expected it to...
The number of people this rally has tricked is off the charts (no pun intended). Many times you just have to take a step back and look at the bigger picture and things become more clear. It took 1,189 days for the 2013 top to be breached. This current cycle is only 613 days in. Of course you have to be on the side that believes cycles are lengthening, which I am...
After seeing us bottom out at the -80% from the last ATH around $3,200 it has been a surprisingly straight up launch. I had expected more of an up and down roller coaster ride, but "this time it's different"... sorta. We didn't range sideways like we did before, but I think we will still repeat the typical parabolic moves with -30% pull backs on the way up. Where...
Since March of 2017 we have only seen 3 bullish crosses on the MACD for XRP/BTC 1W chart. I have circled those crosses. We are very close to a fourth bullish cross which means it is almost time to buy XRP. As you can see, the distance between the crosses is becoming longer and the returns seen after the crosses are becoming less. BUT, that doesn't mean that we...
In a neutral channel it is oscillating and repeating price waves. So we expect to grow up to the ceiling of the channel. There is also a time limit for starting the uptrend to the channel ceiling range from August 20-30. The target price for this analysis is shown in the figure.
Hello all - DuncanForex here with another trade idea After the quick scalp on Friday, price action is cycling higher this afternoon Multiple ways to trade - on the daily chart - you can enter on the break of the high I am also looking to enter on the retrace overnight to see if the area I have shown in the picture holds as support and if it does I am in on Buy...
Like the ponzi scheme it is inspired from, Bitcoin, Ripple spent a long time at a support level with lower highs, and with bagholders convinced it was the bottom. Price dropped below that "strong support it will never dropped under of", and then bounced to now retest that level. So baggies need 2 things for the price to go up: - Sufficient gullible people with a...
As you can see from the chart, we are almost coming to an end of a full cycle for potcoin, it may be finally time to start accumulating. As always, dyor. Check out potcoinoffical telegram to learn about what's going on fundamentally with POT.
"Let's Bail out the banks that gambled" - Federal Reserve, 2008 "Ok" - George W. Bush, 2008 "Let's send everyone to uni and push them into debt for the rest of their lives" - Idiots I mainly used the fed for my sources. I also used the site statista. The internet is so useless it is all mixed up and often contradictory, so I just stick to those... They...
BTC may correct to 8400 or below (7600, 6400, 5300 supports), along with ETH to 166 or below (144, 130 supports). But, at the bottom of the dip, the play will probably be going into ETH. The trade pair is testing 2016 breakout levels. Its a no brainer.
Hello all - DuncanForex here with another trade idea. With USD weakening against GBP, I have been watching EURUSD today to see when it will reverse to trade this pair After the engulfing 1 hour candle this afternoon- I have entered on the retrace Looking for a quick scalp before the close later this evening and if it looks to close bullish - I will stay in,...