A entire macro view of the Entire bull market - provided there is only 1 alt season and no utility season - calculated using Elliot wave and Fibonacci ratios.
So far we have seen XRP rally up to 72c and then crash back down to 17c, marking Hyperwave 1 and 2. I believe we are currently in wave 3 of Hyperwave 3. The peak of this wave should end at around $4.20. A...
Watching for price patterns on WRX whilst trying to understand Hyperwaves better
A - looked like a textbook Hyperwave - returned to first sell-off point
B - Exhibited common price patters as seen in A and manage to retrace - returned to first sell-off point
C - Exhibits common price patterns with A and B but much flatter - returned to first...
Is Tyler Jenks Hyperwave theory going to be right about the $1000 target? Now I know he used to do it exclusively on the weekly chart and this triangle is on the Monthly, but it sure looks like one massive dreaded descending triangle with the target at 1k!
4k TP Target 1 hit, so what next?
In theory, at this point, all roads seem to lead to 1,200 IMO
to complete the wave seven (7) of the Hyperwave theory/pattern.
Target 2 In view. (1,100 - 1,800 area)
Target 3 = 600 - 800 area 😱
Yellow line = Trend line resistance retest.
Blue dotted line = fair price Uptrend channel.
Blue solid line = ALCM/DCA reaction...
I've been looking at some of Sawcruhteez's work on Hyperwaves.
Matching this to WRX - this looks textbook.
From my basic understanding, this suggests we are at the beginning of a Parabolic shift (stage 1) dropping down through Stage 7 to base of the last parabolic to test.
What I don't know is the ceiling... any thoughts on potential upside?
Hey guys, your favorite bear is today interest buy the case of palladium !
Palladium shows signals of accelerated parabolic phase which tends to confirm a bubble market.
Let's recap the state of the precious metals market :
- Silver is in crash phase.
- Gold in an advanced bearish consolidation.
- Palladium in a bubble market.
Technicals indicators :
Entry : 0.0001535 - 0.0001399 - 0.0001183
Target 1 : 0.0001679
Target 2 : 0.0002013
Target 3 : 0.0002227
Target 4 : 0.0002554
Target 5 : 0.0002810
Stop loss : 0.0001127
Risk/Reward : 16%/98%
Do not hurry to buy, the price may go down to good places
Please share your opinion in the comments box and do not forget to press the like button
I am no expert, quite the contrary. All I keep seeing is lower highs and lower lows. As much as I want the bull market, I just don't see it. Could this descending triangle push it lower. Another thing that keeps coming to mind is Tyler Jenks Hyperwave prediction that we will see 1000 BTC before it's over.
Hi traders. Hope you are having a great week!
Looks like consolidation might be over here on Bitcoin.
Elliot wave count looks messed up as 1st and 3rd waves are almost the same in size. Don't be fouled, it's not 3 wave move or (ABC). What that means then? It means 5th wave is going to be hyper - extended to compensate this bullish (short term) momentum ....