wealthprophet

wealthprophet

Just printed a monthly doji rejecting the long term trend line which we have been below for months. The break below the trend line could be an indication of a new pattern forming on Bitcoin. The DOJI rejection seems to confirm this. If we have a follow through red month close for March then we are likely in some new phase for Bitcoin which would make sense given...

wealthprophet

January looks to have painted a hammer candle on the monthly chart. The last time this occurred was January 2020 (the candle looks more like a doji in 2020) and 2 months later we formed a bottom after the commonly named Corona crash. Volatility has been in a consistent downtrend since that market bottom and is now near all time lows on the VIX, UVXY at all time...

wealthprophet

This is an elliot wave count of IEF which is the long dated bonds and shows a roadmap for how the long bonds yield will drop below the short term bonds causing a yield curve inversion, signalling a recession (which is already well anticipated by now to those paying attention). When bonds rally in wave 2 it will be violent and fast and will send yields down below...

wealthprophet

This MACD monthly cross is consistent across the cyrpto market. The everything bubble is popping. Its crazy to think that ape jpegs bought for millions wont be sold for billions tomorrow, but alas all cycles must come to an end at some point. The Fed has been reducing the M2 money supply every month and will end the stimulus completely by March. All cohorts...

wealthprophet

This is a long term count of BLX on the monthly time frame - using Elliot wave and indicators This is the 5th and final wave of the largest degree and we have just topped wave 3 of one lessor degree and are in the middle of a wave 4 correction. Many ellioticians claim that 1) wave 3 has not topped yet or 2) wave 3 has topped but the wave 4 correction is...

wealthprophet

This is a long term count of Bitcoin. It is technically a monthly count but is displayed on the weekly time frame to get a better idea of targets and price history. I will update with a weekly chart and smaller wave structure later. The wave method used is Neo Wave. A refined version of Eliot wave. i am still learning so please don't take this as advice. It is...