The Historic Volatility (HV) indicator has been accurate in the past two cycles in projecting when Bitcoin will reach its new all time high (ATH) price. In Nov 2012 the HV hit a low of 88. Price closed that month at $13.48. In Feb 2013 the price high was $34.19 and the price closed at $33.42, higher than the $31.90 June 2011 ATH. In Nov 2016 the HV hit a...
XRP in Jan 2017 was $0.0037182. In Jan 2018 it rose to $3.53, a 949 fold gain. In Mar 2020 XRP bottomed at $0.09794. The trend line resistance long term I have projected to $164 by Dec 2022. If it went that high by then it would be a 1674 fold gain. Even if the top of this bull cycle is the end of 2021, the top of that trend line is near $100, a 1000 fold...
In 2018-19, the 25000 to 29000 satoshi range for XTZ:BTC was resistance. In 2020 that area is now support. This is a good time to buy XTZ IMO and HODL long term.
It looks similar to what happened in May of this year. This final C wave should end soon.
This is the fifth time in the last 5 years that LTC has broken the downtrend line of the LTC:BTC ratio. Each of the 4 times in the past LTC has not only appreciated against BTC but also greatly against the U.S. dollar. 1) May 2015 to July 2015: the low of the LTC:BTC ratio was hit in May at 0.005840 when LTC was $1.36. Two months later the LTC:BTC ratio rose...
A 50 x from today's price is really probably if BTC goes 20 x in the same time frame IMO. The Elliot Wave (5) will end soon and there should be a significant correction. However, long term HODL'ers of LINK will have an excellent opportunity to DCA in on the correction.
ETH has been in an ascending triangle the past few days. It has just broken out over the $400-$410 resistance area. The target is over $500 now in coming days/weeks.
The 21 wma just crossed the 50 wma in Bitcoin today. This hasn't happened since June 2019 when Bitcoin last reached $13800. This is very bullish for Bitcoin. The 21, 50, 100, and 200 wma's are all in bullish alignment. The 21 wma should provide support in a BTC bull market until the top if this cycle repeats what happened in 2016-17.
I've counted 15 times since Aug 2017 that 30 cents was either support or resistance for XRP. It recently broke 30 cents again and is trying to maintain 30 cents as support. The $3+ 2017 high will probably be greatly exceeded before this bull cycle is over IMO.
Tezos is starting to pull away from $3 after consolidating the last few weeks. If cryptos peak at the end of 2021, then I could see Tezos (XTZ) near $200. Tezos should continue to outperform BTC in a bull cycle.
LINK surpassed what was $5 resistance a few months ago. It is now over $9 after a recent pullback to $6.60, not even close to testing the $5 previous resistance level as support. If cryptos peak in this cycle at the end of 2021, then I could see LINK approach $400. If cryptos peak at the end of 2022, then I could see a much higher price for LINK.
The bull market is now started. BTC typically moves up quite fast in a bull. It is exhibiting that now in this 3rd subwave of intermediate wave (3). It is possible Bitcoin could reach an ATH either by the end of this year or early next year.
BTC just broke above $11300 and is now challenging the $11420 high at the top of the flagpole. Pole went from $9800 to $11400; BTC target in a few days/weeks is $11400 + $1600 = $13000.
The move from $234 to $334 formed the pole. The last 3 days formed the pennant. ETH has already broken the pennant to the upside. Next target is the price of the break out at $320 + the $100 move to form the pole or $420.
The flag pole went from $9800 to $11400, a $1600 move. Bitcoin is now in a bull pennant. Once it breaks, then the target is $11400 + $1600 = $13000. It will also set off the next impulse wave that will go much higher than that, possibly to $15000.
Bitcoin's wave (1) move in the first half of 2019 was from $3128 to $13868, a $10740 move in 6 months. It then went on a 9 month wave (2) correction, retracing almost all of what it gained going from $13868 to $3858 in Mar 2020. Since March, Bitcoin has been in wave (3). The first subwave went to $10079 on May 9th. BTC then did a flat ABC correction to $8815...
Tezos (XTZ) is a new crypto added to Coinbase the last few months. It has had big price appreciation this year. In the monthly chart I've drawn Elliott Wave projections I see that are possible for XTZ in the future. The under $1 to $4 wave (1) move was followed by a wave (2) retrace in March 2020 to about $1. Intermediate wave (3) started with a minor wave (1)...
Silver took 9 years to retrace from $49 to $11 and change in March 2020. We've seen a meteoric rise since to $23 in four months. The last time silver took off like that was the first half of 2016 rising from $13 to $21. But that was just the B wave of a long 9 year ABC correction from the great gains of the 2000's from $4 to $49. A long C wave of almost 4...