Getting buy signals and very bullish momentum on every chart here. The S&P has potentially completed a zigzag starting at the highs. This zigzag does not tell us much about where price is heading but we should be up from here. It could just partial retrace and get a b-wave, or it could full retrace and make new all time highs. Either way this will probably go back...
Wave-B has formed into a double combination which are normally retraced 80%. Wave-E from beginning to end should also be related to wave-C by 61.8% in price, and C+D in time. This leaves us with a target of 5.5 cents for TRX, which could happen around February or March. Following this correction we should see an explosive rally which will take TRX well above all...
Bitcoin and many cryptocurrencies look like they are completing a contracting triangle with reverse alternation which began in 2018. On Bitcoin it looks like this could be the end of F-wave, right before we get the final blow-off wave-G. This wave could be as big as Wave-C from 2013, which is also equivalent to 161.8% of wave-d that began in 2020 and ended last...
BTC has formed into a clear zigzag pattern and it appears we're at the end of wave-c. Wave-b is an irregular failure flat which means wave-c had to be at minimum larger than wave-a in price. This minimum target has been reached and we've also reached the time target for wave-c (0.5(a+b)=c). Short-term momentum, harmonics and fractals are also indicating a top has...
I said on November 16th "A move to 35k is actually slightly more likely than 40k. While 40k (61% retracement) remains a minimum target for wave-C, wave-B has formed into a double combination which are frequently retraced 80%, which would put Bitcoin at 35k." Bitcoin is bouncing perfectly off of my 80% retracement target and there's a good probability that the...
Bearish momentum divergences and price action on almost all timeframes is signaling a potential top here. My Elliott Wave count (which I have been following since June 2021) is indicating that the forecasted wave-B could be coming to a conclusion. This is based largely on the fact that the time of wave-B is related to wave-A by 161%, which is a common time for...
At this point it is seeming like BTC and virtually all of crypto is going to break down here, along with global stock indexes, and we'll see a massive capitulation down to 23k by February. This will likely be followed by a massive move upward as people rush into crypto to hedge inflationary pressures from the FED and congress, who will be printing and passing...
The weekly chart on TRX is starting to look really bullish. Nice bottom signal and the indicators look good too. We're also breaking out of this tightly wound triangle which could potentially signal the end of the 4 year bear market. It looks like minimum target against BTC is 323 sats for the smaller triangle, but it could go significantly higher than that if we...
Wave-2 is equal in time to Wave-1, and has retraced more than 38%. Wave-1 also looks corrective and wave-2 looks like it formed into a double combination. These signs and the bigger picture also indicates it is likely that this impulse forms into a terminal pattern and should get quickly retraced after March. Wave-3 should go to around 38k which is equal to 61%...
These fairly new ETPs, such as UVXY, VXX, SVXY, etc. will likely lead to volatility buying in which we've never seen before. People will be using these ETFs to hedge the risk of a larger stock market correction happening, leading to a continuation of the exponential increase in volume that these products have seen since their inception. This exponential increase...
If Bitcoin breaks the 69k resistance then wave-B could run to around 80k by Thanksgiving. This should then be followed by a large C-wave which will take us under 50k in the first quarter of 2022, before a massive run later next year. The small Wave-c of B is still a couple weeks away from its time target, and some alts like TRX, are also still below their price...
Momentum and price action are looking like a top has formed on the US Stock Market, and based on the Elliott Wave/Neowave count it appears that the market could be topping out for several years. This massive crash will likely be accompanied by more COVID lockdowns, a real estate collapse, and several years of stagflation where inflation is abnormally high and...
This contracting triangle with reverse alternation is probably the better count compared to my last chart, both are still possible but this is my new primary count because it can also be applied to BTC, ETH, and other cryptos. It also fits better on the higher timeframes and it explains why this drop was unusually violent and out-of-the-blue, which means it's...
Looks like MATIC is breaking out here. Wave-B is a potential triangle and is equal in time to wave-A. Wave-C should be at least 25% of the time of A+B and could go to around $25 but we should wait until we are closer to the top to be sure. Shiba Inu has went absolutely insane this month. Shibaswap is built on Polygon. Seems likely a break out is about to occur.
SUN has voted to acquire JustSwap and rebrand it to SunSwap. A portion of fees earning by SunSwap will be used to buy back and burn SUN. This adds a new layer of productivity to the SUN tokenomics. The SUNUSDt chart has been ranging for quite some time and there is some early indication we may be breaking out. Good to be watching this chart.
Looks like the crypto markets are bottoming out here. Based on my wave count on TRX it looks like it could go to around 30 cents this quarter. Rest of the crypto markets will probably see large gains as well. Price action, momentum, and wave theory all looking really bullish here. TRXBTC is also is in a breakout pattern so it looks like TRX will out perform BTC...
Based on Neowave rules, It seems like Bitcoin has begun the last wave up of a diametric pattern. This wave could take us over 200k by the end of 2022, possibly as high as 1 million! After wave-(G) is complete, we could either see a multi-year correction (which could last up to 12 years) OR we could see an x-wave which will only take a couple years to complete,...
Monitoring this break out to see if we follow through, so far it has all the signs of an imminent follow through of the break out which happened earlier this year. We could see a very big move up here as NFTs become easily accessible on TRON through Kraftly.io and other platforms (potentially OpenSea?), lowering the cost of minting and listing NFTs by 100 fold...