Explosive moves often correct to this region which would be a nice long entry.
This fractal might make some sense, since it represents a wave 5 mirroring a former wave 1. Afterwards cycle low in dec 22 at 60k as a retest of this area. Then bull market uo to 500 k during the next 1.5 years.
This combines a rational EW count, cycle theory according to Bob Loukas and classical CT. Fib relations are not shown. Targets: 180k June - 2022, 50k - Dec 2022, 370k - Dec 2023, 1.3 mio - spring 2026, 200k - 2030.
A move to the upside of the channel until the end of the present short term cycle is likely after rejection from the middle line of the channel. Afterwards a rejection from the upper channel boundary and then a move beyond it can be expected followed by retest. Then resuming the uptrend
A recapitulation of the last bullrun (see ellipse) would lead the price to the upper channel boundary and 240k
Quick and deep decline which is typical for a subwave 2. Now entering subwave 3 with rapid advance.
Fractals are fitting tightly and hold the trendline. Hinting to a very high target in september.
Fractals hint to a price of btcusd of 293k in spring 2022. This ends the ascending wave from the start of btc, and a deep decline will follow.
Blue are the chart patterns of the former bull runs. The endpoints form a curve. The present cycle will touch this curve in feb 2022 between 165.000-210.000 USD
After struggling with the middle line of the multi year channel, a swift move to the upper channel line until next summer is likely, target 60.000 USD
This rhymes, see red arrows. Elliott wave 3 of 5 of 5 ahead.
Over the next months XTZUSD will reach new ATH. The weekly bars have long wicks (green arrow), reaching to the 21-weekly EMA, which is bullish. The downwards trendline (red) will soon be broken, and later, the blue channel will be left to the upsite. Anyway, tezos clearly showed a corrective pattern during the last years corrresponding to a wave b of an abc...
The last extended leg of the bull market is under way since July (5 of 5 of 5). Fib relations during this last move could be 2,6 times the former impuls: wave 3 = 2,6 x wave 1; wave 5 = 2,6 x wave 3. This would bring btc to around 300k at the end, which can be expected in spring due to lengthening cycles. Afterwards there should be a big corrective move to around...
kickoff from the lower channel trendline to be expected around middle of october
Some more pain while forming a triangle as wave 4 (see former analysis) building a accumulation phase before the final upmove to around 300 USD at the end of the year.
Trendlines with btc are more reliable on the non-log chart. This sideways correction (running flat, bullish) seems to be over after testing the uptrend line a second time. Now an acceleration is to be expected during wave 5 with a max. target of 300k.
After fighting the 60.000 USD for 1.5 months and going beyond the mittle line of the longterm channel an acceleration is to be expected,