Litecoin has made a five wave impulse move from $25 to $50.96. It retraced to $39.18. It is now into the next impulse wave. I project this next impulse to be minimum the $25.96 move of the last impulse move added to the $39.18 retrace level or about $65 in coming weeks/months.
I've counted a five wave impulse move from $90 to $253.60. ETH retraced perfectly to the 0.236 Fib level at $215.12. It's already surpassed the last impulse high today. Target for the next impulse wave is the $163 move in the last impulse added to the $215 low or $378 minimum in coming weeks / months.
Bitcoin goes through cycles like the seasons of a year. The following are BLX prices: July 2020 to Jun 2011 6 cents to $31.90 Summer and Fall Jun - Nov 2011 $31.90 to $2.01 Winter Nov 2011 to Nov 2012 $2.01 to $12.65 Spring Nov 2012 to Nov 2013 $12.65 to $1177 Summer and Fall Nov 2013 to Jan 2015 $1177 to $163.88 Winter Jan 2015 to Feb 2017 $163.88 to...
XRP looks to have completed a long term ABC correction from it's $3+ Dec 2017 high. 17 to 23 cents looks like a good long term buy zone. $2 to $3 looks like a good possible return area for XRP in 2-3 years. Not financial advice; just analyzing the chart. I currently do not hold XRP for full financial disclosure.
End of $LTC % # months Stage May 2013 $2.72 Nov 2013 $39.50 1352% 6 Parabolic Top Jan 2015 $1.44 - 96.4% 14 Bear Market Jul 2015 $4.64 222% 6 Pre-halving pump Feb 2017 $3.61 -22.2% 19 After halving consolidation Dec 2017 $225.40 6144% 10 Parabolic Top Dec 2018 $30.96 -86.3% 12 Bear Market Jun 2019 $122.70 296% 6 Pre-halving...
Litecoin went sideways the last half of 2016 into early 2017, ranging between $3 to $5. Starting in March 2017, Litecoin made large monthly gains, as it went from $3.81 at the end of Feb 2017 to $370.78 at the top in Dec 2017, a near 100 fold move. Litecoin is doing something similar now, trading in sideways range between $30 to $60 the last few months. It is...
Davincij15 called out a cup and handle pattern in Bitcoin in a video with MM Crypto (Chris) tonight. The cup is from $10500 to the $3800 bottom to the recent $10000 top. The handle is from $10000 to $8100 back to $10000. An ABC correction should be finishing in a few hours. The next 5th wave in BTC since the $3800 should be very strong. The target of the cup...
My new Elliot Wave count shows a wave (1) from $3858 to $7466, followed by a wave (3) from $6456 to $10079. This dump today to $8106 may be the end of wave (4). Wave (1) was $3608; wave (3) was $3623. If $8106 was the bottom, then wave (5) should be going to about $11700.
My current Elliot Wave Count for Bitcoin is shown. It looks like a 5 wave impulse move is complete from $3800 to $9500 and an ABC correction is beginning. A 38.2% retrace of the move from $3800 to near $9500 would be near $7400. There is a CME Futures gap at $8840 and the Coinbase price would be about $8740 in order to close the gap. This correction could go...
I've done this before. I'm doing it again. Let's say you noticed Bitcoin had gone through the 2014 bear market from $1180 down to $340 by the end of Dec 2014. You decide based on the Mayer Multiple (BTC's price divided by its 200 dma) that 0.77 is low enough to buy and DCA. Your plan is to buy $1000 worth of BTC at the end of each month and continue buying BTC...
Bitcoin has made a 5 wave impulse move from the $3800 bottom up to $7400. It has corrected in three waves to $6400. A new 5 wave impulse move finished yesterday and perhaps the 3 wave correction has finished. The 2.618 Fib extension of the latest impulse and correction extends to about $9000. This could happen into the halving in the next few weeks.
Litecoin goes through long periods of consolidation. From late 2015 to early 2017 LTC stayed in a $3 to $5 range primarily before it blasted off to $370 in nine months from March to Dec 2017, about a 100 fold move. I think that 100 fold move is again possible from today's prices. From late 2018 to now LTC has primarily been in a $30 to $60 range except for the...
MM Crypto and Carl the Moon in their videos this morning mentioned the history of miner capitulation in the "hash ribbons" indicator and how that has created Bitcoin buy opportunities a few weeks later. A year later BTC has always been significantly higher in price after those buy opps. So I decided to do my own research to come up with what is a reasonable...
The S&P 500 (SPX) has been in an upward channel since 1971. The top of the channel was first hit in Nov 1972. It hit the bottom of the channel in Sep 1974 or 1 yr, 10 months. It went to the top of the channel in Jul 1987. It fell halfway to the bottom of the channel in 4 months to Nov 1987. It then went over the top of the channel again in Feb 2000. It went...
The top in Bitcoin in Dec 2017 at $19700 down to $3128 is wave A. The move from $3128 to $13831 is wave B. This is wave C. If you put a Fib extension on these three numbers it yields a .618 Fib extension at $3800. That's where Bitcoin bounced from a few minutes ago and BIG. Could $3800 be the low? Time will tell.
The 0.786 Fib extension of the move down from $13800 BTC in June 2019 to the $6400 low in Dec 2019 to the $10500 high in Feb 2020 is about $5000. The market is now trying to stay in the .618 to .65 golden pocket of this retrace in the $6000 to $6200 range. The $5578 wick low is near the 200 wma which is where BTC bottomed in Dec 2018. Long term support in the...
You've seen these curves before. But did you know by back testing these curves, there is a pattern, that if followed now, will let you buy at the right times and will also let you know when to sell at significant gains? How do you use this data to buy, hold, and then sell Bitcoin profitably? The average bitcoin log growth curve number from Aug 2010 to Feb 2020...
The gap just filled this morning. There is still an partially filled gap near $7700 that doesn't really need to be filled IMO.