asodaforbabyyoda

asodaforbabyyoda Updated 

It's been a while since my last post on BNBUSD mainly because it didn't generate any interest in the TradingView community. However, I do believe the scenario I presented in my first post (see related link titled "The great potential of BNB / BNBUSD" below) is playing out. In the chart above, I've had to modify the default upper limits of the Fibonacci extension...

asodaforbabyyoda

ADA is breaking out right now. If VET follows its previous pattern, it will follow Cardano. This is a third of a third Elliott Wave so should be a strong surge upwards. I am looking for a double (next Fibonacci stop) in the next few days.

asodaforbabyyoda

Whether you're hodling or short term trading, I'm sure everyone's been enjoying their gains. But it looks like our pitstop is over and time to head towards our next Fibo stop $3.38. We still could be inside a corrective wave (abcde triangle instead of abc), but it's at a good position right here. In any case, we're still in a third of a third wave, and GRT has...

asodaforbabyyoda

The big news of the day was BTC was able to pierce through $50K, but then immediately fell back. Things can change quickly here, but at the moment we look to be moving impulsively upwards. This still could be part of the correction. Only time will tell, but for now, I favor the beginnings of the next move upwards towards $60K.

asodaforbabyyoda

I mostly publish ideas related to cryptos, but VTSI has repeated Elliott Wave patterns at multiple degrees. As you can see on this weekly chart, VTSI gapped up breaking out of several weeks long flag and has remained strong throughout the day. I'm always a fan of the third wave as it's usually the most powerful, and that looks to be happening right here.

asodaforbabyyoda

Just a quick follow on to my previous chart (see linked chart). VET and ADA have been in lock step for years. It's only been the past few days where Cardano has gone insane (in a good way ... :) . Now, VET is making it's move as well as it enters its third wave. If you found value in this post or you've been receiving receiving good value from my posts, I'd...

asodaforbabyyoda Updated 

Vechain is in the early stages of an Elliott 3rd wave. You can see that VET looks very similar to ADA, but ADA has already made it's move. Vechain just needs to burst through that $0.36 resistance and sky's the limit.

asodaforbabyyoda

Often on charts you will see repeating patterns that are indicative of the larger trend. XLM is a very good example of this. You can see the repeated pattern that shows up in this Elliott bullish impulse wave 3 and it should lead to a powerful move upwards.

asodaforbabyyoda

See the linked chart for some context. After some trash talking by Central Bankers, Tesla announces it bought $1.5 billion dollars worth of Bitcoin. This sudden rise in price is just the beginning as the flood gates have opened (SQ, PYPL, MSTR, and now TSLA). We are still in the early stages of an Elliott third wave which should carry us much higher ......

asodaforbabyyoda

Just a short note as Elliott Third wave coming up for NEO. Bottom retracements look ready for parabolic action. Still a good value which is getting harder and harder to find in the crypto space.

asodaforbabyyoda

Obvious cup and handle to break into new ATH and price discovery for GRT. This is clearly an Elliott Wave 3. I posted a $1.95 target for the third wave, but I'm beginning to think that's too conservative as GRT has such strong momentum. That was the 2.618 Fibo extension. Let's move that up to the 4.618 extension at $3.38. Of course, there will be pullbacks...

asodaforbabyyoda Updated 

WIth central bankers decrying that investors "be prepared to lose all their money" and talking heads looking for a drop to $25k, the BTC chart looks ripe for a rally. Elliott wave shows five clear waves up, three waves down, and the beginning of another five waves up signal a very bullish pattern.

asodaforbabyyoda Updated 

BNB now has a weekly close above the intraday high from June 2019 as seen on the chart on the left. We are entering an Elliott Wave 3rd wave and it happens to be at all time highs. On the chart on the right, BNB is in either a wave 4 relief rally or a wave 1 trend change. In either case, BNB should do well relative to BTC for the time being.

asodaforbabyyoda

GRT has a new ATH after solidly breaking through resistance! Now retesting support as I type this, but this surge is bullish regardless. This is occurring with the backdrop of a flat crypto market in general tells you the strength of this Elliott Wave 3. Exciting times ahead!

asodaforbabyyoda

GRT is testing the resistance line at 0.66 and looks to be within hours or perhaps minutes of breaking through. GRT was one of the leading indicators that started the surge in cryptos mid-January. Remember that we are in an Elliott third wave ... usually the strongest of the impulse waves carrying us to new ATH. Let's go!

asodaforbabyyoda

Ethereum is in a clear channel that looks like it wants to touch the lower trendline at least one more time. If it continues on its current trajectory, the lower trendline is roughly around 1120. Notice the diminishing sell pressure in each touch of the lower trendline. Ethereum has already made new ATHs and needs a bit of back testing before continuing its...

asodaforbabyyoda

NEO looks to be breaking out in an Elliott 3rd wave. After multiple breaks of long term resistance, this could be the time that it finally doesn't look back. And with wave 3 usually being the most powerful, there's a strong case this will hold this time. Lots of room to grow with resistance at 40 and 90.

asodaforbabyyoda

I thought I'd give my take on the path forward for BTC. Because of the large moves that BTC makes you pretty much have to use a log scale for any long term chart. The other interesting thing is that I make that bump from the Jul/Aug time frame the first wave of wave (3) because it just looks out of place for it to be part of wave (1). As large as this recent...