Dent has completed its 7 wave corrective structure .This is a very common corrective pattern in the crypto market. Looking at short term moves : Break of 0.0038958USD i.e the 0.702 retracement would take dent to 0.007usd or 0.0125usd. Looking at major moves : Using the rally prior to BTC capitulation in 2018,4.236 extension gives the target of...
BTC looks like it is in a 7 wave corrective structure and has just completed wave 6 which retraced to wave 4 within wave 5 .This is a very common corrective pattern in the crypto market. Acc to the 7 wave structure, it still has one wave left which could take btc within the bull flag that came after btc got rejected from 40k. The bull flag is within the 37.3k to...
BCH shows a perfect example of Wyckoff prime cycle . People are ignoring coins like BCH for underperforming for the most part but majority are forgetting that the market cycle is at its near end and coins like these are the ones which really shine during the last rally of every market cycle. BCH had started to show bullish intent from the beginning of...
In Previous 2 instances where XRP tested the 200 Daily MA , it got rejected and had to consolidate under it before breaking out and when it did ,it outperformed many top alts during that phase as the breakouts were explosive where it retraced to 0.786 . Interestingly XRP was below 200MA in both bear markets in 2014-17 and 2018-20. Every time XRP broke 200 Daily...
ETC has not reached out to its full 4.236 fib extension but in 2017 bull year we can see there was a massive knockback just before the last leg in the bull run. In 2021 we're seeing very similar things with a even bigger knockback but seeing BTC's position in this market cycle it looks like the run is still not over. ETC current corrective structure is very...
Current BTC corrective structure is very similar to what we have seen with XRP in August-September. In both cases,we see a 7 wave corrective structure and major fall happens right after rejection from 0.702 retracement rally and then forming a base on the 5th wave within wave 5 and a small push up taking it near wave 4 of 5th wave in wave 6 before the...
Litecoin is known for its gains in the ending phases of every market cycle . Seeing the current position of Bitcoin, it looks like the end is near. Using the rally prior to bitcoin's capitulation LTC reached 96USD in its first big run in 2017. Using the same on the current market gives a target of about 850usd. However in 2017 ,using the top and bottom of the...
Bitcoin has completed the 7 wave corrective structure and it set to retrace to higher levels. Many people are in belief of lower prices which is good historically . For bullish continuation : It should reclaim 31.1k region 70k+ prices coming in next rally NFA
We have seen multiple times where 0.702 acted as a area where reversal takes place !!! Be it 2017 bull run or the last correction . Today Bitcoin has tested on 0.702 price level and if that 0.702 price level i.e 31.1k price holds the reversal will be confirmed . Bitcoin is in the 5th and the final wave in its market cycle. New highs coming really soon !!!. NFA
ETH is still shy of 4.236 fib extension around 6000 usd, where the possible peak could form and from there I believe eth and the rest of the crypto market will enter bear market seeing the position of bitcoin in this market cycle. ETH had a 94% correction in previous bear market before reversal Seeing the current structure ETH looks like it will find a bottom on...
BTC is in a range and people panic when its down the range ,fomo in when its on the higher side of the range !!! That's very common behavior in the market !!! No matter if this is a bear market or bull market , Bitcoin/other assets technically retrace to higher levels between 0.618 and 0.786 before making another move up or down. 54k will be the great of...
Dash had a 74% correction in 2017 before its last leg in the bull run ,In 2021 we're seeing very similar things playing out with a massive 80% corrections . But looking out at the grand schemes of things Dash doesn't look all that bad !!! Looking at the bear market of 2018-2020 ,we can clearly see a inverse Head and Shoulder forming. Dash is lagging behind in...
Seeing the current structure and previous corrections using the fib retracements , RDS looks good for a retracement and the price can extended between 55usd and 65usd from where I expect rejections and furthur consolidation. It will be interesting to see whether it will break its year's long downtrend this time.
First of all , XRP has always been the lagger in the crypto market .A daily close above 80c would confirm Bullish outlook for the remainder of this market cycle. XRP has not reached its full 4.236 fib extension and still has long ways to go . In 2017 XRP reached 41c and the move was measured by using the rally prior to BTC capitulating into into bear market...
Eth has not reached out to its full 4.236 extension that lies in 5700 region Eth is seeing a very similar pullback from june of 2017 before its last leg in the market cycle .We're seeing very similar things playing out !!! i.e 68% pullback in 2017 and 62% pullback in 2021. Next Move in Eth could take it to atleast 5700usd and may extended to 13k (using the fib...
BTC hasn't reached out to its full fib extension i.e 4.236 that lies in 76k region We have have a very similar fractal from November 2013 that has played out very similarly where BTC pulled back about 50% before its peak and that would take btc to about 80k. IMO BTC will peak between 75 and 85k price range. The correction we're seeing is very similar to what we...
If BTC holds this area and does not go any lower than today's low then we're heading to new ath ! We can also see similarities between previous bounce and this one : The candle wicked below and closed way above creating a sort of gap and later another candle went into the region closing near the wick of the previous low before reversing !!! We're seeing a similar...
Looking at the inverse chart of Bitcoin we can clearly see how it is getting rejected near 30k region and generally when we see this type of structure ,prices often goes down before breaking it !!!! In this case price falling == price rising as this is the inverse chart of Bitcoin Also from a wave count it looks good for the next move up !!! So BTC could possible...