while it is still possible that the yellow 3 is not yet over it becomes more likely that btc is already in the 4 wave. if we consider the rule of alternation and view the the 2 wave as ABC, it becomes most likely to me that btc will form a boring large triangle over many months.
this triangle would make sense because we will deal with overhead supply from 50-60k...
btc dropped by 50% in a short time frame and washed out most of the open interest in the futures markets.
now it is slowly developing the first bullish structures for a swing low or bottom in the charts.
there is an adam and eve bottom forming where the eve is an inverse head and shoulders
as targets to the upside we get one range of the patterns at 49k and...
Zcash made a new ATH in market cap already and has left the awareness phase after a two year accumulation phase right before the halving.
Each year in october/november there is a major upgrade for zcash (vertical lines), the red lines show the price of zec at these dates. It has now broken all of these levels.
If we use market cap instead of price to draw fib...
After studying the cycles and various models I came to the conclusion that its most likely that bitcoin will break 75k and then enter the final and craziest leg of this cycle.
When breaking 75k, the price discovery should accelerate and push it way over 100k to blow off top quickly and enter a bear market. Previous bear markets have been -80%, so the current price...
it could be that bitcoin is still dealing with the 42k top. market was aiming for a abc correction but the tesla buying extended the b wave massively so that this correction looks awkward now and far away from the textbooks.
So i think either we are still dealing with the C wave and go for the 5 next, or it is already forming a ending diagonal wedge where the...
Buying into this natural gas stock, after it bottomed with an inverse head and shoulders pattern, risk reward is 9:1 and giving a 13% dividend yield.
I like the setup while nat gas futures look bullish
disclaimer: i got no idea what i am doing
but somehow silver got a 40 year cup and handle pattern in the chart, given the current sentiment and short squeeze potential in the markets, I think it is likely that silver will go back to the midline of the channel at around 100$.
After that I got less conviction what will happen next, it might depend a lot on...
I have been accumulating a TWTR position.
After the large ABC over multiple years (wave 2) it now consolidated above the correction level. Recently it bounces off the trendline (resistance to support) while forming a hidden bullish divergence on the rsi in weekly timeframe.
The all time chart is showing some kind of inv head and shoulders pattern.
after btc broke and hold above the important 32k level it did a head and shoulders pattern but failed to break down
in this case we can expect one range as next target to the upside around 55k for the next swing high
btc might shakeout leveraged positions for a while longer in sideways action and then move to the target
my best guess with medium conviction, i...
seems like the bch pair has been accumulated and now moving higher.
grayscale is buying 1800bch per day on average during the last month while only 900bch are mined.
transactions per day have been going up from 20k to 90k
the noise.cash website getting some traction. I think price will follow
This is an update on the linked idea
I think btc approaching a local top with multiple resistances crossing and also the 1.618 fib from ath to atl. price and timing matches so it becomes vulnerable to a correction in the 31-33k area.
I am taking some profits off the table around 25% to be able to buy the pullback if it comes.
After that it should enter the 5th...
Looks like this small satellite stock got accumulated recently. It failed to go lower and showed strong reaction supported by increasing volume.
The weekly bull div is strong. I use the pullback to build a position.
Zcash entering its 5th year since the genesis block and coming closer to its first halving around 18th November which will reduce inflation from 33% to 12.5% in this year.
The contolled supply for zec is like this:
1. Year | Total Zec: 2.65m | Mined Zec: 2.625m | Inflation: infinite | Stock to flow n.d.
2. Year | Total Zec: 5.25m | Mined Zec: 2.625m | Inflation:...
stellar broke out on huge volume and is now retesting the breakout level on declining volume
the rsi breakout at 47 was already tested twice before, this should give xlmbtc a target of around 2700 satoshi
the selloff in this uranium stock looks like a wyckoff spring accumulation pattern.
the daily chart showing a high tight flag pattern on breakout which often leads to a longer trend.
it seems like nuclear power will play a role in the change to green energy