That fact that ETH had a sharp growth on this week wheres BTC bitcoin price remained mostly flat, points out that now ETH have good potential for future growth which should be greater then growth of BTC.
Now S&P 500 is in 5 last wave , it means that this increase of USA stock market is final before dramatic recession. But at the moment we are probably in the beginning of new steady growth.
at the moment we think that BTC in triangle which reflects wave B in general correction.
I think that at the moment American stock market is in active stage of stable growth.
There is great probability that SBERBANK'S SHARES are forming triangle now.
My last forecast was wrong. I think that BTC has just completed horizontal correction (3,3,5)
To tell the truth I didn't expect that bitcoin will begin form triangle , however all current facts point out that this is possible development of situation.
Waves X and Y are almost equal in obsolete terms, besides price of BTC is restricted by mirror strong price level through the which false breakout was made.
The Eliot analysis point out that the reverse of ETH relatively to BTC will be soon because at the moment we are in last 5 wave of wave C. That fact that fifth final wave is triangle might be explained through existing very strong price level which is mirror and confirmed by 4 false breakouts. Besides if there is a triangle at the end of trend it means that...
ETH have great chances to reach 500 USD and above if to believe in Elliot analysis ;)))
All waves meet basic rules of Elliot analysis. As price chart display there is double stretching of third wave of the biggest order (green). In this green third wave there is yellow third wave which is also stretch. So on balance at the moment we are in fifth wave of stretch yellow wave.
According to Eliot Analysis Sberbank ordinary shares are completing the third wave included in last fifth wave of higher order.
According to ratio analysis I think that now Bitcoin is in wave B meaning that we will probably see correction and going down price to potential targets pointed in the chart.
At the moment, the key factor determining the dynamics of the Russian currency is the inflow and outflow of money in Russian bonds. The current rubble appreciation is associated with a new influx of non-residents in GOV Bonds. Wave analysis of Eliot showed that at the moment we are drawing A to ABC (B is of a higher order), which means that the rubble will...
The main question that is in cryptocurrency market: this is X in bear market or 1 in new bull market? From my point of view the first variant is more possible because there was too short range in bottom of the market and long-term wave analyze points out that market is in Y now in subsequence X(ABC) Y (ABC) Z (ABC).
There is great probability that now bitcoin in wave Y in subsequence XYZ, after Y the new price reduction of BTC will begin. So BTC will reverse if it reach final range 200-600.
It is obvious fact, that ETH volatility is bigger then BTC, however last sharp decline -16% of BTC didn’t lead to more considerable decrease of ETH, on fact ETH went down for 13% anginst 16% of BTC. I suppose, that at the moment ETH is supported by big players who have significant position in ETH gathered in range 102 – 186. So, if my last forecast concerning BTC...