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...
Looks like NFT token is finally breaking out from this range and could see much higher prices from here. Min target is around 0.0000034 but this could potentially go as high as all time high as the NFT craze continues to grip the market. Fundamentally, the NFT token is a governance token that governs the APENFT fund which is a fund that purchases high value NFTs,...
Nice triangle pattern here breaking the b-d trendline, momentum looks bullish , strong bottoming fractal , wave-A retraced 61%, waves A + B cover the same amount of time (potential for a very large diametric to develop). Good probability this one has bottomed. I suspect a full retracement of this triangle is coming over the next few months. A break of the recent...
Besides fundamental reasons of a massive forced liquidation sale caused by unsubstantial FUD and market manipulation being insanely bullish for Cryptos in general, TRX Is in a beautiful expanding triangle pattern. Both the rally over the last few months AND this correction over the last month are both expanding triangles. This explains why the last wave down...
After doing a detailed Neowave/Elliott Wave analysis with Neowave Founder Glenn Neely, we came up with several potential counts for TRX. The above count is what I personally think is the most likely possibility because it follows all required rules as closely as possible compared to the other counts. Of 5 possible counts, 4 are bullish, and 1 is bearish but near...
TRXBTC is in a similar diametric pattern as XRPBTC was in right before the 2017 bull run where XRP increased over 500x against the Dollar and 50x against Bitcoin (see attached chart). It remains to be seen if this pattern will repeat on TRXBTC. If it does TRX could increase over 1000x against the Dollar. (XRPBTC March 2017) As you can see there is a similar...
Based on neowave analysis, it looks like the stock market is reaching the end of a 20 YEAR (!) corrective pattern. Wave-e of F is currently underway and could take a couple years to complete, meaning the next few years may be choppy, but overall with the quick response of monetary and fiscal policy to any financial shocks we'll likely see wave-e skewing upwards,...
Wave Theory: It looks like JST has completed a diametric pattern and we could be breaking up now. 5 of 7 waves are time similar which is the expected structure of a diametric. Channeling also works well. We are above the daily SMMA which hasn't happened since we topped out in August, a good sign that we could be beginning to trend upwards. Momentum is also...
Trump was diagnosed with COVID last night. His betting odds have dropped to under 34% which means you could easily triple your money if he wins. Chances are high (99%) that he will survive the infection. And chances are also very high that he will win the election. Many will say "look at the polls!" but as we know from the 2016 Wikileaks and election results, the...
Based on Elliott Wave/NeoWave analysis, the S&P has just broken down from the critical support level and wave-B should be ending now, which means we could begin collapse back towards below the March 2020 lows around 2200. Starting in Feb 2020, we are likely in an expanding or neutral triangle, and wave-C should be bigger than wave-A. Wave-C could last anywhere...
If we are beginning the next major crypto rally, we can expect that the coming wave-G will be similar in size to the previous wave-E the entire market experienced in 2017. However, TRON only began trading in November of 2017, so based on extrapolations from other cryptocurrencies Wave-E on TRX will only be 50-62% of Wave-G in price. In other words, Wave-G on TRX...
It looks like TRXBTC is getting close to the end of this very tight range it has been in for the last year. IF this breaks up we should see a massive swing in the upside direction. Generally when volatility hits all time lows, like it has for the last year, it eventually breaks free from the low volatility range and volatility will skyrocket back towards all time...
Based on Elliott Wave/Neowave rules, It seems likely that we're forming a diametric pattern on the above 12 day chart. This means that each wave should be time similar for the next 5 waves, with 2 waves potentially being different in length, which means the entire diametric pattern should end sometime next year. It also appears that we are now beginning wave-C...
The S&P appears to be in the middle of a neutral triangle correction that began in 2018. This is very similar to my BTC analysis. There's a VERY HIGH chance this count is correct for several reasons, including that this is the closest to the middle of a correction compared to all the other possibilities and it violates the least amount of rules. This likely means...
The break down this month has necessitated a MAJOR change in my Elliott Wave count. While the long-term is still ultra-bullish, actually even MORE bullish with this new count, the intermediate term over the next few months is looking quite bearish. With a global liquidity crisis mounting people will need to sell ALL types of assets to be able to survive this...
The momentum on the higher timeframes (3D, 1W) is starting to turn undeniably bullish. The lack of a bearish continuation is also distinctly bullish. We've also more or less run out of time for the bears to take over again, so it seems likely that the bulls are about to take over and push us higher. There are multiple possible targets at this point, but either way...
With bears losing momentum and bulls starting to take over, it seems like Wave-E is coming to a completion. This leaves us with two possible outcomes. Possibility #1 is that we go straight to ATH from here and start pushing towards 100k USD. Possibility #2 is that we form a wave-F and wave-G, and then at the end of this year we start heading towards 100k. Either...
BTC is potentially in a double combination pattern since June 2019. Considering that this appears to be the 2nd wave-B, we will likely finish out this wave in a few weeks before heading lower towards 5k. After we hit 5k we'll likely find a long-term bottom and head back towards all time highs. Many people got hyped up and bought BTC this week thinking war with...