Matic not far off from going full auto - L2 narrative is a strong one and the Matic ecosystem is a thriving one - send it.
If I'm right on this BTC cycle there will also be an alt cycle which I think will be a tad more selective in nature than past ones...So how do you play it? Easy see the future narratives that will generate the most hype and drive ''adoption'', I already Identified L2s as the spark for this Bull run and I'm quite confident on it - ETH is top dog and scaling is...
This looks pretty nuts in the current climate but it's how crypto rolls - New L1 which has yet to go on a hype cycle - Every Cycle there are new ''ETH killers'' which are ultimately the best plays till the cycle ends - from there you convert gains to BTC/ETH lol - last cycle was Avax/Sol - This cycle it will be Aptos and Sui most likely.
Yea it's tough out here being one of the best chartists...but somebody has to so it may aswell be me - Expecting the future to look like so - all 5 waves will = a larger wave 1 once complete.
Think this is what we're dealing with in the shorter term...
Tesla has completed it's first wave up and is currently in the process of completing wave 2 - Most people here are thinking we're going to new lows and it's all over...so that's how you know it's not - Nothing really new here just dumb money finessing themselves out of easy gains.
So I can't tell atm if this correction is done or we're sliding to 25-26k~ however I don't care as it won't matter much with how I'm viewing BTC - I believe we're going much higher over time and this is overall another bullish retrace.
Plot is done in log scale - Expecting the L2 narrative behind this to push prices quite high as crypto climbs.
I predicted a while ago L2s would be the spark of innovation for this crypto bull run and we now have one of the leaders in this space available to the public.
So overall view here is we bottomed at 101~ and have been in a bull trend since - this is our first major Bull retrace which will no doubt suck in more people to short and scream for new lows...only to find they're wrong - This correction has a little more downside and I've plotted a termination zone but overall it's setting up for a buy.
So this is going on the assumption that wave 3 has completed and we're now working on wave 4 - Not expecting a big pullback here.
Short term wave plot here - these are often very difficult to nail but we try anyway - looks like bears are in trouble as usual.
Yea this could end up being a very fast down if these counts play out - the biproduct of something like this happening is most likely a stock market melt up with new highs coming.
So took a look at the chart...structure looked a bit off in some places so did some some sub counts and come to these conclusions...Markets are either working on a huge bull trap or it's a new bull - end result is we're heading higher in the coming months.
This is exactly what a Bull Trap will look like - majority of people are still bearish now and can't see any big up move coming - the same people who were bottom shorters will basically end up being converted to top longers and the Max pain scenario here will take shape with bears being converted to bulls at the worst time and bulls staying long as markets plummet...
Is the market moving impulsive in Harmonic EW fashion here? There are many different versions of wave theory one is Harmonic EW which is counting moves in ABC nature - The main differences between this method and classic EW are: Every 5 waves is labelled A or C so a complete ABC = Wave 1 - Never expect a big move off a major low on the first leg up - there is no...
First off I'm not recommending any buying here - my previous ideas were buys around $130~ odd - this is just a long term wave forecast.