Hi everyone,
I see two possibilities.
Blue or Brown ? (we have to see!)
Technical Section:
The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally.
Wave 5 = 2.618 x length of Wave 1
Wave 3 = 2 x length of Wave 1
Target = 5790
The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave...
Hey guys and girls,
Here is an updated chart from my (Nov 12, 2023) post
As you can see, this is only half of the battle!
Further targets: $ 74k, $ 84k, and $ 100k
Appendix:
Structure: 5-3-5 (Inverted)
Bitcoin halving countdown: 49 Days
Technical Section:
Wave 5 has two different relationships:
1- If wave 3 is less than 161.8% of wave 1 -----> the...
As shown on this chart (28 Feb- 12 May), the market is in a sideways trend (clumsy indecision).
Can't say that it annoys (to be honest) but, I can trust a thief to steal my car because he knows his job well, knows what he wants to do :)
Indecision kills!
What to do when you don't know what to do
1- Control Your emotions ;)
2- Nothing goes straight up...
(A implies B, B implies C, C implies D, D implies E)
It seems simple,
yes, it seems simple, but it works!
Anyway, let's see what it does.
Appendix: Technical Section (Wave 3):
This wave is much too big to be some kind of first wave!
- Wave 3 = either 1.62 x length of wave 1
or
2.62 x length of wave 1
or
4.25 x length of wave 1
We don't see a drop in Bitcoin .
There is no money or investment that falls forever.
Unless Of course the system crashes.
I do not give investment advice.
As soon as it breaks 28800, they will try to blow up all the crypto.
Stop-Sell = 27999 Don't worry, sell it.
Supported.
33000 (buy %5)
31900 (buy %5)
31000 (Buy %10)
30200 - (Buy %15)
29400 (Buy...
What is bitcoin halving?
Bitcoin halving is a major event that occurs every four years on the Bitcoin network. It involves the reduction of the block reward that miners receive for adding new blocks of transactions to the blockchain. The block reward was initially set at 50 BTC when the Bitcoin network first launched, and it has been halved twice since then. The...
Bitcoin went to the Moon with Dec '17 top.
Then it corrected 88.6% on the Fibonacci Retracement with Dec '18 bottom.
After that it went to Mars and hit the tops again in Nov '21.
It was a 2000% gain.
What can you tell from this?
Percentage-wise, Correction is lower than the gain.
So, the Dominant Trend for BTCUSD is UP!
OK, back to Earth.
Let's gather fuel and...
This is my first post in 2024.
BTC - POSSIBLE LONG TERM SCENARIO (JAN 2024)
This is what I see BTC in a big picture at the moment. The lowest I anticipate (if happens) would be 36k. Moreover, BTC can correct when reaches around 48k. The top also can be around 150k in 2025. Let's see what will happen.
Hi everyone,
In a lot of ways, (four days later!), BTC will not dip below $ 69K again.
1- Based on historical trends following the halving ...
2- Elliott Wave Theory!
Proof of claim:
As you know, wave ((1)) and wave ((4)) cannot overlap. For this reason, there is only one possibility for the long-term outlook.
This can only mean one thing: BTC will not...
Hey guys and girls,
Here is an updated chart from my (Feb 29, 2024) post.
Technical Section:
Wave 3 < 161.8% of wave 1
Wave 4 = 38.2% of wave 3 (Wave a = 38.2% of wave 3, It did)
Wave 5 is probably too large
Extended Wave 5 (Target 2 ) = 100% x length of (beginning of Wave 1 to top of Wave 3)
(Extended Wave 5 = 161.8% x length of (beginning of Wave 1 to...
To the best of my understanding, I think
BTC is completing the fifth wave of the third wave of a five-wave rally (Wave 3 is still not complete).
MACD: Buy signal
Hey guys and girls,
Preamble:
You must have a plan, (what are your targets? or where is your stop loss? or ... )
Why? because, without a plan, you tend to make decisions "emotionally" :)
My vision:
BTC is about to do the unthinkable.
Technical Section:
Pattern: Bull flag
Candlestick Pattern: 8 to 10 new price lows
Pattern description: bullish reversal...
I firmly believe we are in a Great-Accumulation era.
Technical Section:
BTC is completing the fifth wave of the third wave of a five-wave rally.
As shown on this chart, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
Extended Wave 5 = either
61.8% x length of (beginning of Wave 1 to top of Wave 3) ($ 90k)
or
=...
