I am extremely bullish on the stock market, that's for sure, but I will tell you when I expect a great depression comparable to 1929-1932. Of course, it's really hard to predict the huge collapse, but let's take a look at it from a logical, mathematical, and Elliott Wave perspective. On the 12M (1 year) chart, we can see multiple bullish trendlines that have...
Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving...
People are calling for ETH to flip BTC, but this is really a serious thing. If BTC loses its #1 position, then it could be a catastrophic scenario and may cause a panic sell of BTC. Of course, this event will take down all coins. But I don't really see any reason for ETH to flip BTC. If you want to bet on it, then good luck, but the chances are really low in my...
Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first. On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure. Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand,...
FTT is a very reliable and strong altcoin that you can find on the crypto market, together with BNB. FTX exchange is growing really fast, and there is a lot of demand for the token. If you want reliable and stable gains, this is a great choice for the long term. We have a clear and very bullish structure (rectangle consolidation) and the bulls successfully...
GLM has been consolidating since 2019 with sideways price action, and it looks like we can experience an explosive move in the immediate short term! On the weekly chart, we have an ascending triangle and a falling wedge. Both these patterns are generally bullish. The price is now above the 200 weekly moving average. This MA is considered a strong level by huge...
Bitcoin is absolutely prepared for an explosive move, with a high probability of success. As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside! Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook...
2023 is going to be a very bullish year for crypto in my opinion! I believe we can reach a market cap of 6-7 trillion dollars by December 2023. Most likely, you have never seen this rising wedge elsewhere, because it's a brand new pattern on the weekly scale (LOG). 200 moving average is considered a strong support by huge institutions and hedge funds, and the...
This local correction should be over very soon, and we can continue higher in the uptrend! It's not an easy task to do an Elliott Wave analysis here, but this is how I see it. As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3. Currently, we are very close to the acceleration point, where we will see an increase in...
I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully,...
This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this...
Gold is currently sitting on a strong support level on the weekly chart! We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle. 200 weekly MA is considered as a very strong support by huge institutions and hedge funds. ABC correction + Wave (4) have been completed, so we can start a new impulse wave...
FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB! We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low. My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here! If we take a look at the volume indicator, we...
On the daily timeframe, we can see a descending parallel channel - bullish pattern that is close to a breakout! ABC correction has been completed successfully (ZigZag) at 0.786 FIB retracement of the huge Wave 1 We can definitely start a new uptrend from here, so if you like this coin and fundamentals, there is an opportunity. You can wait for the channel to...
- TWT is currently one of the most bullish altcoin on the market as you can see on the weekly chart. - We have an ascending triangle - very bullish pattern and you can buy now or buy a breakout above the neckline. - The platform was acquired by Binance in July 2018. - The full Trust Wallet team is not public, but it is known to comprise over 20 individuals —...
- Ethereum is forming a rising wedge on the weekly scale, but there is stil missing a last 5th impulse Elliott wave. - The price is sitting on the 200 weekly moving average, it is good practice to think of this MA as a zone and not a level. - 200MA is considered as strong support by huge hedge funds and institutions and is probably the strongest MA on macro...
- On the monthly scale there is a holding trendline with 3 touches established in 2015! - The price is currently sitting on the trendline, so it is still very bullish at this moment. - If we take a look at the RSI indicator, we are exactly in the buy zone. - As per my Elliott wave analysis - we are in the massive wave 3 as you can see on the chart. - Bitcoin...
- We have a massive base on the weekly timeframe / inverse head and shoulders! - If you love bases as much as I do, then this is definitely your opportunity for great gains! - Volume looks solid, no bearish pressure and we have a massive volume spike, which is always good to see. - The price is currently above the POC level, so we can expect a pump any time...