Another radical call here! When Bitcoin revealed the second "Running Flat", I began comparing the (2) bull runs and this is my analysis of their fractal nature: I believe that if Bitcoin's price exceeds the $8,000 price resistance, then it will move higher to a 5-wave peak, which will exceed $10,911 and most likely challenge the top of my "b" wave at $11,700....
A rare chart for me - Cardano! As I mentioned in my latest Bitcoin analysis, I think Alt-coins will lag Bitcoins current Bull run as they did 2017-18 Peak. I think ADA is a sleeper with some a nice potential move coming in the near future, and this would be my timing and target for ADA. Regards!
I posted a chart last night that I wasn't overly satisfied with, so I decided to roll my sleeves up and take a closer look. I think Bitcoin is trying to take a deep breath after going vertical on this last run and this breather will either take shape in an 'expanded flat' or some type of triangle. If it takes the expanded flat route, then I would suspect a drop...
Amidst the other coins slumping today, Ethereum is looking bullish!
If you've been following me, then you know that I have been calling for Bitcoin price to 8200, and while it's completed that, the question is, will it continue? My answer is, I think it can, but first, it needs to digest this 8200 range before pressing higher, which I believe it will now struggle to go higher and actually pursue lower to around 6800 before heading...
As I mentioned the other day, XRP weekly chart was setting up for a "pop", and here it is! Enjoy the sunshine!
If the bull wave continues higher above $8,000, this would be my expectation! Funny...a month ago I posted a chart with this type of extreme target, and someone commented on it, and said, "You should stop posting charts when you are drunk"!...LOL! Regards!!
My viewpoint remains the same! Bitcoin has completed an A-B-C correction (in red), and naturally upon completion, there is a counter trend rally, which can occur in a multiple of ways: violently up or crawling up...no matter what, it's UP! Over the past week, Bitcoin has been building a high base formation, which is basically a push higher and then followed up...
Short term we are at a top or near the top. I have posted 7400-8200 would be the expected target, which 7400 was wave 3, and now wave 5 is trying to touch the 8200 mark. I do have a more bullish alternative for Bitcoin's price, but I will wait to see if it can thrust through the 8,000 price and hold.
I'm not surprised. Wave (iv) running flat! No one predicts those....and those that do not know elliot wave, are dumbfounded because of the RSI readings!
I mentioned on Twitter that the weekly chart was indicating a bullish move, but upon further review, I think this week's candlestick is extremely important!!! Compare for yourself! IMO, when you combine (3) candlesticks, as highlighted in gold, you'll begin to see a pattern: (2) candlesticks open and close similar, and the third candlestick will either open on...
I posted this chart a month ago, and I was calling for price to reach 7,200-8,000. There is justification for price to turn and correct from here at the 6,000 price range, but I have my reasons to believe that it could easily reach 8,000 before that correction happens! Regards!
Like Bitcoin, XRP has been moving in a sideways triangle, similar to Bitcoin before it dropped to the low 3,000's. Price has had ample opportunity to "pop" but it's as if it needs to drop to gather more support or shake out long term "hodl"-ers. Either way, this could be the path for XRP...I know it's not great news, but it could be a reality! This would be the...
BTC price has been rejected by the upper channel line, and contained for now. While I have expected a much higher price to squeeze the shorts, I think the price being elevated for this time frame has them on their heels for the moment. Price has a choice here! Either conquer the upper channel line, or drop below the red support line, it's that simple! If you're a...
With regard to XRP & according to Bitstamp, there is no new price low, and applying Elliot Wave, this count will remain valid as long as price does NOT drop below 27.5 cents. Excellent long opportunity with a stop below 27.5 would make sense here. Once again, XRP is left with the challenge to follow thru on price! Regards!
I've watched this fractal blossom since last summer 2018! This is a rare chart from me to share some of the premium ideas and TA that I have discovered. I only share it now, since it feels like we are near a "tipping point", and my wife thinks I should offer more premium ideas to others, so here it is...I'm still reluctant due to the amount of plagiarism that...
You'll need to compare the charts yourself, so please view the XRP chart I posted previously. Cheers!