If we consider a larger timeframe as the weekly chart, more specifically the 200 weekly EMA, we can see that Bitcoin has been rejected between Dec 2018 and March 2019, slightly pierced on March 2020, and now for the first time revisited and hopefully rejected in May 2022.
Extra bullish factors are:
* Descending yellow wedge, if staying in the wedge, and making...
I had this prediction a while ago already and on a longer term forecast from the lows of June/July or 32K level with a revisit of previous ATH, which we did achieve and pass little.
Most importantly is the inverted H&S in yellow, with the descending neckline around the 50K level, which implies a target of 85K, around year end.
I would like to mention already...
It's time for ICP to take off.. to levels beyond imagination..
If we're going back to ICO.. which was 600 usd/token.. that's already insane, but only a midterm target...
Don't forget this was the most important invention after bitcoin and ethereum.
ICP will literally change the flow and speed of crypto and the internet, build powerful software and platforms
First of all I want to accentuate that this is a SCENARIO, which could or certainly could not play out, but nevertheless..
1. We have never had a spiky, but round top in the history of bitcoin that indicated a permanent top
2. I have explained this in previous analysis that this was a H&S or 'Bart Simpson' head, yes technical term.. formation
3. We had a 50%...
At this point there many bearish factors to consider and sentiment is overall bearish, which means good for a market reversal.
I am quite sure this isn't the end in the near future, so the opposite will happen.
BTC has crossed all ema's to the downside, but rather too quickly. Now we're hovering right below the 21 ema, and I think we will see a soon visit of all...
I haven't been more sure about a IHS, than now.. very symmetrical build-up and a horizontal inverted Head & shoulders.
21 EMA as the lead, 50 EMA as support and the ascending trendline as a target to the 3th Elliot wave with a short term target of 2.7, equal to ATH as well.
Midterm target possible to 4 usd.
Bitcoin as well has potential to achieve mesmerizing...
I knew I saw this pattern already in other charts, mostly in a bigger timeframe, 2 fractals, forming higher lows and lower highs, hovering above the 200 EMA and the 21 EMA briefly visiting the 100 EMA. Quite identical scenario between Matic, 4H chart vs ETH, 8H chart on the left chart is visible..
Matic/Polygon is one of the few, or maybe only coin that is...
It might be early to say, because we can't exclude both a bullish or bearish outcome, but as we try to make accurate forecasts, 2 bullish scenarios are definitely not excluded:
1. Green Elliott impulse wave to 0.2 USD short term
2. Turquois Elliott impulse wave to identical or higher target midterm.
3. Break of the white ascending trendline and...
Harmony is making for a long time momentum, walking in the footsteps of Matic, as always...
Very underrated, making a very large IHS, hovering above the 21 EMA, having 50 getting in line as well..
Target is 0.5 usd or about a 300% increase potential.
It doesn't matter too much right now, but idd. there were lot's of bearish factors which should have been taken in account.
I wish I had posted this together with the bearish ETH post, as there was a clear diamond pattern in ETH as indicator as well.
If the news and overall sentiment is too great, the opposite will always happen.
It was an inevitable result of...
Something I haven't seen much in crypto, but this is a clear diamond pattern forming at the top of ETH.
Mostly this breaks from the downside and can have a significant impact.
Could be that Ethereum will have its correciton here.
Though, there is still a chance that if we get out of this pattern that the opposite will happen.
21 en 50 EMA are getting in bearish...
Doge fell out the ascending parallel, but had a coordinated jump from the descending wedge, after Elon's tweet, at the right time, as a break out from the yellow descending parallel.
There is a scenario where Doge could take more time to recover, but normally in an end-phase, there is mostly a fast manifesting 5 impulse wave up.
This is invalidated if we would...
As we had a drastic correction in Doge which was mainly interrupted to a fall in the stockmarket, following Bitcoin, and a catalyst as Elion Musk coming with 'bad' news, I haven't dared to touch this coin for its 'unfundamental' value and for its crazy gains in a short period of time purely due to hype and Dogecoin.
On the other hand I must say that we had an...
We just witnessed a fast drop after a failed attempt to pass the 0.7 usd level.
Nevertheless we have reached this level already, so this temporary correction is healthy and may have caused a right shoulder of a wider inverted Head & Shoulders.
In the right shoulder, we can see an inverted H&S forming as well.
Last correction happened on the support of 0.6 usd,...
The chart says it all.
As we had previous run up around 260% upside growth, we have the same fractal repeating on a larger scale..
If we calculate 260% from the price level we are now (it could still go a little lower) then we will be hitting exactly the 1 usd level.. quite a coincidence, isn't it?
Though if this is a repeating fractal, and magnified, it should...
TLM , 'Alien Worlds Chart' has been listed on binance after a very nasty drop from 6 usd to 0.5 usd .
One of the few which declined before a Binance listing.
Technically we have broken out of a descending wedge, though this is the 15 mins chart.
I just show the possibility of an upward potential of at least 5x on the short term and a 30x or a price level of 9...
After a minuscule Bitcoin correction, ALTS overreacted again, as it may look perhaps.. 15-30% corrections might seem big, but we also had bullish activity preceding of 10-30x. Everything in it's context, it looks scary of-course, but as long we won't get below a 50 or 61.8% correction we are still bullish, and we are just around the 38.2% FIB level. Above we are...