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...
Inverted H&S forming, with a potential to revisit ATH.
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...
BTC touched : the side of the large ascending orange parallel the side of the small descending orange parallel 50 EMA in pink 50K level POTENTIAL: upside: 75K, downside: 32K. As BTC has just touched this parallel for the first time.. BTC got mostly rejected from the 50 EMA in a bullrun. Exteded C wave RESULT: 75% change to the UPSIDE
I just analyzed the run up from bitcoin in Elliott Wave theory and it was quite difficult to define the last correction, as it is somewhat vertical. But continuing the Elliott cycle, there is theoretically, also due to the subdivisions seen in lower capitals, only 2 types of correction possible: ABCDE or a complex WXYXZ. If we would stay in the 'not so nice'...
It isn't quite clear or the nicest one, but DOGE is at the end of a symmetrical triangle. It did actually break to the downside, but as you can see from the old triangle that preceded the last bullrun, it had a divergence and went right below it to become bullish instantly. It is possible that we'll have a longer consolidation, as the triangle may not be...
I think I kinda posted this already, but to accentuate the right shoulder fisnihing of the inverted H&S, we might see a sudden rise after breaking through the 60/61 K usd barrier. Wallstreet already started to buy bitcoin on this Monday and could interlude a bullish week for bitcoin. Nonetheless, there's quite some FOMO in institutions and big companies as well.....
As Theta had already a mesmerizing 120x from the bottom.. there's still more going on.. The 3 pink boxes are 3 fractals following up each other with a turning direction. If those fractals, mostly wedges turn from descending to ascending, there's mostly an outbreak at the end which could be quite wild to the upside. I foresee a level of 20 usd manifesting in a...
Ontology has been long under the radar, and only had a 3x gains from the bottom.. There's still plenty of room to grow. I don't know how they got the gas fees solved, but I think the high gas fees were the major problem.. If anyone has more info.. enlighten me. I got into the hype in 2018, since then it was a no go.
XRP has had quite some trouble lately, partially due to the SEC classifying XRP as a security. Though yesterday came out the news that the SEC is doubtful about its verdict. This might have been a set-up or a divergence to deliberately keep XRP on the background and setting up some hedge funds and futures to shoot big money in the pool when the time is ripe....
I'm not saying it will fall until 50K, but it is a possibility as there's a quite big H & S preceding. Alts are not overreacting yet.. some do, some not, but I'm quite sure the dips will be bought up. We'll have to wait it out.
I forgot to post about this one, too busy. But Electroneum has a long history and was voted the most potential coin about 3 years ago.. it had a serious dip, but has a very big community.. they were one of the first to make a Dapp to mine ETN on a mobile.. Asia is crazy about it, South Korea, Japan, China, etc. In numbers of people a very much supported coin. I...