Mendenmein-Capital

Mendenmein-Capital

Sunday Update Little has changed since our update,, bitcoin is trading slightly higher than last Wednesday. Fortunately, the FED meeting hasn’t triggered much negative momentum in the markets, and we are still confident in our primary scenario of higher prices in the next weeks. Since Wednesday, we have been staying very close to the lower line of the leading...

Mendenmein-Capital

Good afternoon… The situation in Ethereum is more complex than the one in bitcoin, as of now the price is declining steadily and from time to time we trade outside the “Leading Diagonal”. According to the basic rules of the Elliot wave theory, the bottom line of a diagonal can adjust, and this would mean, that Ethereum would only form a new wave 4 low but...

Mendenmein-Capital

Good afternoon Since our last Sunday update, bitcoin declined slightly and left the diagonal for a moment, as of now we recovered a few hundred dollars and re-entered into this chart pattern. Under normal circumstances, I would now move on to highlight the possibility, that the wave movements of last week resemble a bullish wave (i) – wave (ii) setup. However,...

Mendenmein-Capital

Salutations! As always, much has already been said in our bitcoin update, but the movements in ethereum are worth mentioning too! In both bitcoin and total a “Leading Diagonal” emerged on the chart and surprisingly ethereum isn’t an exception when it comes to this. As marked on the chart, this pattern emerged in the last days and as of now we estimate that we...

Mendenmein-Capital

Good evening everyone! Tomorrow marks an important day for workers and unions in my and most other European countries. Thousands come together to celebrate the famous “workers day” and protest for better pension programs and workers’ rights. While I enjoy the additional day off, I certainly hope that this “protest” remains peaceful, and my heart goes out to the...

Mendenmein-Capital Updated 

To be honest, I am quite disappointed in bitcoin… The wave movements from earlier this month looked promising, and I estimated that bitcoin would continue its rally in our projected wave (iii). Unfortunately, bitcoin lost its bullish momentum and since the last top we declined by nearly 4000$. The bearish movements have been considerable impulsive, and this is...

Mendenmein-Capital

The little brother of bitcoin hasn’t been able to push higher in the past week, unfortunately we experienced a harsh and fast decline of about 13%. In recent updates we discussed our alternative scenario of an alt.(i) – alt.(ii) in great detail, as of now it seems that this scenario has been playing out over the last days. Our projected wave (iii) target couldn’t...

Mendenmein-Capital

Little brother ethereum has performed well and most traders didn't notice, that ethereum breached above the last top of august 2022! (You can find the usual chart below) The wave movements look good so far and my target of 2445$ at the wave (iii) extension is still the same, the crash this morning doesn’t change anything about this. Furthermore, the Bitcoin...

Mendenmein-Capital Updated 

Foremost, I have been very happy that our last analysis on Polkadot got a lot of positive comments. Thanks to everyone! Our last analysis on Polkadot absolutely NAILED the projected wave count, the only small difference is that we established an overshooting (b) wave. Nevertheless, a lot of the Polkadot chart hints towards a "Make it" or "Break it" scenario, I...

Mendenmein-Capital Updated 

The LINK Marines really need to rally around their token in order to save the day! We still remain on our bullish count which is shown on the chart, the a-b-c correction was a little more difficult to count than in other altcoins but nevertheless this wave movements don't look bad. The unsettling and interesting detail in Chainlink is that we touched the 0.786...

Mendenmein-Capital Updated 

Ethereum is still in the same situation as last week, therefore I don’t have much to say about the last days. Unfortunately, Ethereum couldn’t profit from bitcoins spike last Monday and didn’t reach a new high. The alternative of another alt.(1) – alt.(2) remains on the chart, it may be frustrating to hear this again but as a professional Elliott wave analyst...

Mendenmein-Capital Updated 

What a beautiful Friday morning! It's been a while since I covered coinbase here, and back then the situation looked a lot worse than it does now. I read other articles about coinbase on here, and it seems that investors either "love" this stock or "hate" it. I supsect that many traders got burned trying to catch the bottom in this stock, and average retail...

Mendenmein-Capital Updated 

The situation in VeChain is pretty similar to the one we face in Polkadot, so I won't go into technical details here... Overall it's pretty the same here, we finally reached the blue retracements, and we got very near the 0.786 retracement. As I stated in our Polkadot analysis, it would be optimal if the price won't breach below this level. To be honest, the...

Mendenmein-Capital

This week has been increasingly exciting, bitcoin managed to break out of the mentioned triangle in the early afternoon last Monday and today the US CPI data released with a lower-than-expected inflation of 5.0%. At the moment, the markets are reacting in a good way to this surprise, but I am not convinced yet that they can extend these gains in the upcoming...

Mendenmein-Capital Updated 

Happy Easter everyone! I encourage everyone to spend this weekend with your family or friends, and therefore I am going to summarize the whole update into a few bullet points. As you can see, we added a white triangle which emerged on the chart in the last week. Such triangles often emerge in a wave (4) or a wave (B). As of now, we remain on our expectation...

Mendenmein-Capital Updated 

The last hours have been pretty crazy even for us, but as of now we have absolutely no reason to panic. We have been calling this for WEEKS, in our last analysis we highlighted the importance of our buyzone and the possibility that this zone will be reached in the future. BOOM, here it is. For everybody new on our channel, see our latest Solana update...

Mendenmein-Capital Updated 

Let’s finish the day with Ethereum… Unfortunately, Ethereum couldn’t stay above the important 1.386 extension and as of now we are trading slightly below the red Fibonacci extension zone. A hard-fought battle between bulls and bears didn’t result in a final decision yet . But if bitcoin should activate its alternative Wave (1) – Wave (2) scenario then you can...

Mendenmein-Capital

Dear investors I am thrilled to finally present you some good news on Ethereum after we experienced a boring consolidation in the last weeks. Yesterday we experienced a significant inflow of capital into Ethereum and managed to break above the 1.386 extension at 1884$. As of now we are still trading above this extension and let me say it clear, it’s...