EOS/BTC is already 3 years in downtrend, however I am seeing clear signs of accumulation, that is happening in currect price levels and despite we are in this sideways range just for 3 months, this zone became the zone with highest traded volume ever on this chart and if we get out of this zone, this whole sideways range will become the strongest support on the...
Altcoins in general are looking very good, most of them should be breaking out of the consolidation soon. AAVE is currently below the zone, where the most positions were accumulated, so nothing bullish yet. However if price gets above 370 once again, then AAVE should easily get above 500$ and eventually go much higher.
ETH have just dropped out of the sideways range, however I think this move down is almost over - first of all, sentiment on bitmex is bearish again, more people are in short positions and usually this works perfectly as a contrarian indicator. And before we went down sharply, price formed triangle and triangles are always one but last waves in cycles, so ETH and...
COMP had only 3-wavish rejection of the top, that´s why every correction should be good opportunity for buying. Market profile is is nice P- shape, accumulation is mainly going on around 470$. I think we might see a triangle, we should see reversal very soon and then we should go up at least to 500$.
ETH/BTC is currently sitting on the point of control and we can clearly see, that huge amount of positions have been accumulated on current price levels. However we don´t know, if big boys are accumulating shorts or longs, but we do know one thing for sure - next move up/down should be quite strong. We are still below 21 daily, but if we get above it, I think...
After 392 days, VIX is very close to fill the gap, that occured during the huge sell off last year. I have no idea, whether there will be some upside reaction after this gap is filled, but if I see some sharp move to the upside after the gap is filled, I will be very cautious, because it may means, that fear is back in the market.
Despite bitcoin is almost at all time high, the most people are in SHORT position on bitmex, therefore I am not expecting any downside on bitcoin at the moment, therefore altcoins should be safe. ATOM was consolidating for a month, we are currently testing point of control, the correction (2nd wave) should be finished and price should go up at least to 34$.
Many EW analysts are seeing current possible scenario with expanded flat on the bitcoin chart, including me. There is also beautiful risk reward setup, however I AM NOT in short position right now, we are above 21 daily MA and trading against the trend is nonsense in long term scale. If this expanded ABC flat will play, we should find bottom around 37k and the...
BTC is currently heavily oversold, altcoins looks very good, so we should bounce up very soon. I think we may see some sideways range for a while, so altcoins could finally start breaking from their sideways ranges. If this boumce will be just corrective wave to the upside, then next stop is below 48k.
BTC was moving sideways for 3 years, during 2017-2020, big boys were accumulating longs and slowly buying bitcoin. Right now, I am seeing signs of weaknesses and I think BTC will be finishing one big cycle and we will "suffer" corrective cycle. It´s really hard to tell and exactly spot the top, however it´s entirely possible, that we will hit first 100k, before we...
TRB had nice 1:1 extension 3-wavish correction off the top and it took just six days for big boys to accumulate huge amount of longs (probably) around 35,5 $. We are currently above trendline, so I think every small pullback could be good buy opportunity, I am already in the LONG.
BTC broke all time high recently and we can see huge spike in longs on bitmex, so breakout traders went LONG. This move up above ATH came out of the triangle, that´s why I am expecting correction very soon - triangles represents last but one move in the eliott wave cycles. 54k should acts as a support. I still do think, that BTC is approaching the end of big cycle...
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.
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...
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.
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.
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...
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...