Paraman666

Paraman666

Despite I am not super bullish on stocks for this rest of the year, I think this is probably just correction and we will see continuation of uptrend. DXY is on the way down, VIX also looks not ready for some big move to the upside, so this was just probably double zigzag (wxy) correction.

Paraman666

BTC had quite nice sell off, however we are currently testing 21 daily MA, we are heavily oversold on RSI and I think the bounce is imminent. I think we will see period of sideways action, because altcoins took really big hit and they have to recover, so btc must trade sideways for a while. I think, the long lasting TOP isn´t set yet, we should see at least one...

Paraman666

Dollar is slowly but surely finishing big 5-wavish structure, that began almost a year ago. We should see final waves on all major "risky" assets, that are highly correlated with dollar and after these final waves, the trends on all assets should shift and we should see some big, long lasting corrections.

Paraman666

BTC dominance is going sideways for a while, some of the altcoins are pumping, some of them not. I think we have just finished final "e" wave in triangle - this trinagle should be 4th wave and now we should be heading down, somewhere below 58%. After this final 5th wave is finished, we should see huge bounce to the upside.

Paraman666

Longs on bitmex are currently heavily in majority, which usually results in dump, aka stop loss hunting - liquidation calls. However, I think we will continue up for some time, because altcoins should be ready for another moves to the upside, that´s why I am not expecting any dump right now and price should be forming some sideways range on the top, before we...

Paraman666

Bitcoin should be at the end of the uptrend cycle, same as stocks. We have big daily bearish divergence on RSI, typical for 5th waves, fear & greed is in "extreme greed" territory and longs on bitmex are in big majority and bullish news are appearing everywhere, what a "coincidence". It´s almost impossible to spot exact top of the cycle, though I think the top...

Paraman666

I think, S&P 500 didn´t set top yet, because chart of dollar (DXY) shouldn´t be prepared for some rallye YET. However I think, we are currently in 5th wave of big cycle, we have big daily bearish divergence, typical for 5th waves and we also have some minor bearish divergences on daily RSI. Also some charts are not ready to dump, for example AMZN (Amazon) should...

Paraman666

S&P 500 and DXY are suggesting, that we will see correction very soon, but because of very confusing structures on higher time frames, I have no idea, how big will that correction be.

Paraman666

I have just opened short on BCH with stop loss at 492. BCH had nice 5-wavish rejection off the top at 630 $ and I think current correction moving in channel is finished and we should see another big 5-wavish downtrend cycle, taking us somewhere below 300$.

Paraman666

Bitcoin on all other charts break previous all time high, but GBTC didn´t, which isn´t that weird, if you remember my last GBTC analysis: I still do think, that GBTC won´t break previous high at 48,6 right now, we should be currently in some sort of downtrend cycle and next...

Paraman666

Nobody is currently bearish, because of Musk tweet, however this is just perfect opportunity for whales to close their longs. Retail on bitmex is all-in LONG and I think after short consolidation on the top, price will reverse very, very strongly.

Paraman666

Stocks and indices are on all time highs and when I see the chart of DXY, I think this growth will continue for a while. The eliott wave count is pretty clean, the only thing, that I don´t like is, that we are above quite strong trendline, but this is probably just fake out. I am expecting move to the downside, somewhere below 88 and this should be the final move...

Paraman666

BTC dominance had very strong bounce to the upside and this should be the first but not the last wave in current uptrend cycle, btc dominance should go up at least to 65%. If we break 68,21%, btc dominance will very likely continue in uptrend and break previous high at 74%.

Paraman666

All charts are currently moving kinda independently, however there are clear signs on the chart of btc dominance, that btc is ready for some big volatile move. Price is currently back above 21 daily MA, sentiment isn´t bullish at all, there are no longs on bitmex right now. BTC dominance should reverse soon and most altcoins should be underperforming bitcoin for...

Paraman666

BTC is probably ready for some big and impulsive move, because BTC dominance is finishing final 5th wave, so volatility should pick up on bitcoin, that would mean, that altcoins will be underperforming BTC. I personaly think, that BTC will go down, so other alts should go down even faster.

Paraman666

While other indices plunged pretty strongly, Dow has super clean 3-wavish structures off the top, so the correction is very likely over or we may see one more leg to the downside.

Paraman666

Short term BTC dominance should go up, that´s why I don´t really see BTC going down right now. But we have nice 5 wavish cycle to the downside, so every bounce to the upside should be good opportunity to go SHORT. Zone at 36k could be reversal point. Also after that "Elon Musk pump", all longs on bitmex are completely gone and people are now bearish, majority is...

Paraman666

ETH formed quite nice corrective structure on lower timeframes, we have abc correction with triangle as a B wave. We should make new all time high soon, however then we might fall once again, because I see ending diagonal (rising wedge) on higher timeframes.