Daily bullish RSI divergence on my custom MDIV indicator.
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This wave-count has a bearish breakdown of the current sideways-inclined channel @ ~$30150. Below this a lower-low is likely. A break-out from the top of this channel increases my confidence in a larger rally.
* This is my highest-degree wave-count: ETH is gearing up for a gargantuan move against BTC in 2021 imho.
* I have a completed primary-degree Base channel (beginning 28th Dec 2016) with several nesting Base channels of lesser degree now emerging.
* Thick lines (Blue, Orange, Red) are 200, 100, 50 week MA. Thin Blue line is 200 DMA.
* Invalidation @ 0.02629 on...
Illustrated here is my preferred wave-count for the year-long (Sep '19 to 'Sep 20) emergent structure in the alt-market cap (AMC) to BTC-market cap (BMC) ratio.
IMHO understanding this structure is critically important to understanding whether the alt-market is or isn't likely to outperform BTC (by market cap) in the foreseeable future. It is therefore...
I was analysing the AMC/BMC break-out structure again this morning as something wasn't quite right with my wave-count. The nested series of W1+W2s just didn't seem to have the right rule conformity internally so I decided to dig into my Elliott wave books for some insight. I found it!
I don't believe this was ever a sequence of nested Base channels but rather a...