Paraman666

Paraman666

BTC will very likely be in sideways range whole next year, because we should be currently in 4th wave, which are often sideways consolidations/triangles. In this period, I think we will see true altseason, like back in 2017, there have been +3 years accumulation on many altcoins and those accumulation should resume in huge uptrends. So despite I think buying...

Paraman666

Bitcoin is still locked between big resistance at 41-46k and big support at 30k, however I think bulls are in favor right now, because while the price is going up, people are opening new SHORT positions (on bitmex), so whales should continue pumping price up to liquidate those shorts.

Paraman666

The volume on UNFI has been extremely increased in recent weeks, big boys are accumulating and I think UNFI will easily get above 100$ in next weeks/months.

Paraman666

First of all, I want to say, that this scenario isn´t my primary scenario, on the other hand, it is entirely possible, that this secondary scenario will play out There is my primary eliott wave count in which I am expecting long boring consolidation (wave 4) - the bottom should be set for a long time. Currently the sentiment is very bearish, the most people are in...

Paraman666

I have no idea, what is the purpose of the cryptocurrency named STRAX, but chart is telling me one thing - big boys are accumulating this coin for 660 days and after they finish their accumulation (it could take another year to complete) they will send it to the moon.

Paraman666

Altcoins took recently HUGE hit, some of them dropped more than 70% and despite such a big drop, I think this is just sharp correction in their uptrends. BTC Dominance clearly set some sort of bottom at 40%, however I think this bottom is just the bottom of WAVE 3, we should be currently in corrective wave 4 and after this wave 4 is finished, BTC dominance should...

Paraman666

XRP is looking fantastic - we should be currently finishing WXY correction, we are above ultra strong support a 0,65$, we are at strong trendline, so uptrend in XRP should continue.

Paraman666

1000SHIB is the most shorted altcoin on binance futures, that I have ever seen - the funding rate on this pair is most of the time -0,75%, which is just completely insane, it means, that people who are in SHORT position on 1000SHIB, they must pay 0,75% of their position every funding period - on the chart, we can see 3 accumulation zones and I really think, that...

Paraman666

I found very weird, that crypto was the only asset class, that was dropping recently, however I am pretty sure, that it was kind a hint, what we might expect on all other assets very soon. Nasdaq is looking short term very bearish, midterm very bullish - we should be currently in some kind of ABC flat correction and this correction isn´t finished at all, in my...

Paraman666

We already know, that BTC set some midterm top at 65k. In my wave count (this is not just "my" wave count, all eliott wave traders are probably considering this wave count), I think this top at 65k was the top of the wave 3 and now we will see wave 4. Triangles are very usual in waves 4 and if we consider the previous wave 2, I think we might go sideways for the...

Paraman666

ETH had phenomenal year, ETH found bottom during corona dump in March 2020 at 85$ and right now, ETH is trading at 3440$, what a rallye. But ask yourself, do you really think it´s good time for some long term investment in ETH ? I would personally wait for prices below 2000$. If my wave count is correct and we are currently in final 5th wave of one BIG uptrend...

Paraman666

Stocks and bitcoin didn´t finish the correction YET (in my opinion) and we should see another leg to the downside. We should see bounce at 42k, it´s very strong support.

Paraman666

NASDAQ is currently in the "C" wave, which the most likely part of ABC flat - this could end up being RUNNING flat or EXPANDED flat. After this correction is finished, Nasdaq will continue in uptrend.

Paraman666

All altcoins probably finished their corrections and they are ready to continue in uptrends and STMX had alredy very strong bounce. We should hit 0,07$ very soon, to finish at least 3-wavish move, but this is the least bullish scenario - I personaly think, that we will see not 3-wavish, but 5-wavish move, which should take the price above 0,1$.

Paraman666

Some clever guys/whales were accumulating SKY for 600 days and despite this accumulation could continue for another months, the result should be obvious -> up and up and up.

Paraman666

BTC futures have slightly different structures, because there is no weekend price action. There are currently so many possible wave counts and this one is the most bearish one. We bounced up from 47500, but price went up only in 3 waves (3 waves = ABC). If this is indeed 3-wavish bounce, then the downtrend correction isn´t finished and we should see another quite...

Paraman666

The hype about COINBASE listing is over, however there are signs suggesting, that bottom is set. We hit exactly the target of the triangle and triangles are always one but last waves in the cycles and then we bounce to the upside in 5-wavish leading diagonal. The wave 2 should be finished very soon and then I am expecting completion of 5-wavish cycle.

Paraman666

It´s been a while, since the SHORTS on bitmex was in majority for a such "long" period of time, last time this happened was in January at 30k levels and we know now, that in that moment the bottom was forming. When the premium/funding index is negative, whales are getting fees from those, who are in SHORT, that´s why it´s much wiser for them to push the price up....