The failure of the potential contracting triangle with reverse alternation forces us to move on to the next most likely possibility which is that a diametric is now forming here. This means that wave-E should be time similar to waves-C and B, which places the time target in the middle of January. Also wave-E is likely to be quite large as we could see a large...
Based on Neowave theory, it seems that BTC will continue sideways for another year in the 20k-3k range. First, we'll likely see a hard drop back to the cost of mining in Sichuan, China (~$4800), which is where >55% of all mining occurs. This will lead to miners capitulating and shutting off their machines, which will relieve the sell pressure and allow a long-term...
BTC appears to be completing wave-E of a contracting triangle with reverse alternation which began almost 2 years ago. We're hitting multiple time targets right now, including the time target for the end of wave-E, wave-c of E, and wave-5 of c of E. There's also perfect time, price and complexity relationships between all waves at all observed timeframes. We also...
Neely River Theory is signaling a breakout trade here with powerful potential upside coming in the next few days. Weekly is also painting a long-term bullish divergent bar. There's also a few bullish momentum divergences and we're also above the Daily SMMAs. Fundamentals of WINk have never been better and it is extremely fundamentally undervalued based on the P/E...
TRXBTC is hitting my forecasted October Elliott Wave time target and we are also getting multiple buy signals including River Theory, an alt bat harmonic, Momentum/Acceleration divergences, a bullish divergent price bar on the monthly, and volume divergences. Many long-term holders have also started to become irrational and capitulate as TRXUSD hit extremely low...
Based on the strong time similarity between waves-C and D and likely E, there's a good chance that TRXUSD is forming a diametric, and wave-E will head lower until the end of December. After wave-E completes we'll likely get bullish wave-F and bearish Wave-G which will end in July 2020 and Jan 2021, respectively. Based on this revised count, we likely won't get a...
Because wave-C reached half the time of A+B, and because it seems that we have had a sufficient bullish reaction to begin either a wave-D, or a higher degree wave-(b), we should be beginning a 6-12 month bull run that could take us close to or beyond the previous all-time-high price. This is confirmed by the momentum and by looking at several other...
As previously forecasted we are hitting the time target for the end of wave-E in October, and TRX looks like it's at the end of a bullish contracting triangle with reverse alternation. This Elliott Wave pattern implies that we should fully retrace this triangle and go well above the previous all time high price. Also, because the first TRX bull run only caught the...
Wave Theory: Based on the monthly count, it looks like we are approaching the end of wave-E, we're still a few weeks early, but because we are getting the naked long signal on River Theory and multiple other indicators, there is a good chance that we are at the bottom of wave-E and will probably just chop around here until around October 18th. However, if we do...
There's currently a large momentum and acceleration divergence forming on WINk, this will likely play out relatively soon and I think that as the larger crypto bull market begins WINk will be a top performing asset for the following fundamental reasons 1) WINk pays large dividends in TRX, which will be a top performing cryptocurrency because it is the largest...
Follow my twitter: @Intuit_Trading Neely-Elliott Wave is suggesting that BTCUSD is in wave-E of a contracting triangle with reverse alternation or wave-B of a new advance, and will remain in a neutral environment for the next 6 weeks. The EW time target aligns perfectly with the potential October 18th approval of the VanEck BTC ETF. This ETF in particular has a...
As forecasted several weeks ago we are now ending wave-f at exactly the point of wave-f being equal in time to wave-d, and it looks like we have now begun wave-g. This wave should last until next month and could take us to somewhere around 20k before we could see a violent correction which could be about -40% from the top and could last for several weeks before...
BTT is in a potential harmonic reversal zone with RSI confirmation, accompanied by the time target for the end of wave-c, as well as several momentum and acceleration divergences, and bullish divergent bars. Along with the technical indicators and wave analysis, there is also the Warren Buffett marketing lunch date to be announced very soon, in which BTT will...
After very close inspection, it appears that TRX is in a pattern that is extremely similar to the correction that occured on BTC during 2014-17, before the previous "Alt Season" began. It's quite uncanny actually. These rules and guidelines end up working perfectly on BOTH of the above charts. Violent Wave-A Shallow and relatively long (time-wise)...
There are several factors supporting this hypothesis, including wave theory, technical analysis, fundamental analysis, and macroeconomic factors. Wave Theory: Based on the Two Day chart above, it looks like we're in a diametric and should be nearing the end of wave-(D) because it is time similar to the other waves, and the internals of that wave seem to have...
Several BTC pairs are showing signs that we have just hit the bottom and we could see a massive reversal starting around now. Tron is in the potential harmonic reversal zone, accompanied by the time target for wave-E, as well as bullish momentum and acceleration divergences, and a bullish divergent bar set is starting to form. We've also double bottomed off my...
EURUSD Has reached the minimum amount of time required for wave-B to end. There are also a lot of momentum divergences and bullish divergent bars that are indicating we may have hit the bottom here. If the low here can continue to hold then we could see a large out of the blue advance happening within the next few weeks. This would be the beginning of a wave-C...
The weekly on XRP looks very similar to when wave-B ended in early 2017. The Green 5 Smoothed Moving Average (SMMA) has crossed over the longer term Blue 13 SMMA, the AO momentum has went positive for the first time in 12 months after creating a sextuplet peak, and we've also broken a fractal above the Red 8 SMMA. The last time we had a bullish cross like this we...