Is there fear in the streets for BTC and Cryptos ?
YES and this is good.
As I have mentioned in previous analysis BTC and other Cryptos are correcting in a 5 waves move down.
BTC is under pressure, we see liquidations, we see anxiety and these are typical situations as to 5th waves down.
So we are having the last moves of a 5th wave down for BTC which could reach...
The last leg down is now active (wave 5 down).
For now wave 5 has a target around $25000 but this can change, so we need to wait for better levels to buy.
Plus we need to have a confirmation of a bottom and a change of trend.
This overall correction of Bitcoin (same for other Cryptos), will create an excellent opportunity.
I would like to see more panic, more...
This is a long term chart of BTC on a log scale.
I have placed on the chart my counts as to Elliott Wave analysis.
We already had waves 1 to 4 and wave 5 is under way.
At this period (short term) we are in sub wave (c) or (3) of wave 5 which has not ended yet.
This sub wave which I have as (c) on the chart in order not to create a confusion to readers as to...
There is a smart guy (I am not saying his name) who makes Crypto investors move like a herd.
He speaks positively for BTC and the herd is in full enthusiasm.
He places a sad emoji in a message or makes a negative comment and the herd is in panic.
Conclusion: the herd is stupid.
I apologize for that but its the truth. And its sad for the overall...
AMC is presenting an aggressive move up.
This looks like a Wave 3 up which is the strongest (as to Elliott Wave analysis) which has not ended yet.
Then a Wave 4 (correction) will follow and then a Wave 5 (up).
Therefore I believe that we have more room for upside for this stock.
The chart of Dogecoin is interesting.
It seems that after a very strong bull run and then a corrective period, Dogecoin is gaining once again its strength.
I find this as a bullish sign.
As to my price projections, it can reach $1.10 to $1.30 as a 1st target.
I am not a fan of Dogecoin but I always respect a chart that shows strength and now I see strength.
I am a long term investor in Vechain.
I like VET and I believe it will be a big star in the future.
I am waiting for the correction to end and then I will increase my positions.
Now as to the overall situation most Cryptos are in my opinion in a reactive pattern which is unfolding in 3 legs (a-b-c)
If I am correct this a-b-c up will form Wave 4 and then we...
Well the talk in town is all about Cryptos and Bitcoin.
Has the bull market ended ? What to do ? What is going on ?
Relax. Nothing ends, its a correction but we are just at the start of a new era as to Cryptos.
My advice when there is turbulence is of course to study the charts but above all to look at the big picture.
I know people who always follow short term...
What I think about BTC is that we are in a reaction move up (4) and after that a new push down will follow (5)
If I am correct this move down will bring BTC close to 22000
Where am I wrong? Above 48000-50000
I am a long term investor in BTC so I do not trade it.
Its not my target to trade BTC and some other ones which I like them Longer Term.
I just accumulate...
"When you do not recognise a chart pattern do not trade it"
This is what a great Elliott Wave analyst once said and its true. There is no need to jump on a trade if the pattern is not clear.
For me XRP is showing a 3 moves down (let's call them a-b-c) but it could also be a possible 5 moves down (so we need the 4 and the 5 since we already have 3).
Let me clarify something first: I believe a lot in some Cryptos and I accumulate them as a long term investment.
I wait for corrective periods like this one to buy more.
Now as to the current situation:
It is obvious that we are in a corrective pattern you do not need a special technical analysis to understand that.
And always remember to "never try to catch a...
For those who do not know my presentation, the coloured lines are the trend. The trend is down.
So we are in a correction as we move on to the end of the month of May.
The yellow lines broke the other lines and this is an acceleration of the corrective move.
In addition and very important is the fact that the price is now below all coloured lines.
"Bulls make money, Bears make money, pigs get slaughtered"
This Wall Street quote is valid for all kind of investments including Cryptos.
I think its time for "pigs" to get slaughtered which means that aggressive traders with long positions and margin will get out of the game.
What I see in many charts for Cryptos is that we have a corrective period which is...
At the daily chart of BTC what I see for now (based on Elliott Wave analysis) is that we are now at a 4th leg up and a 5th down will follow to finish all the pressure which recently started. Long term I am positive for BTC and my targets are set much higher but short term I expect some vulnerability. In case that my view is invalidated by an aggressive move up of...
My title for BTC/USD is "this week is important"
As you can see at the weekly chart (each candlestick represents 1 week, white candlesticks for the positive weeks and black for the negative ones) there are 2 lines.
The first line is dark blue and the second one is light blue. Since the dark blue line is above the light blue line there is no problem as to the...
A super strong day for MATIC
The move is very aggressive so some profit taking (pullback) on the very short term should be expected.
But since we are in Wave 3 of 5 (Elliott Wave analysis) the overall image remains robust.
My 1st target is set at 3 (as to USD)
I have created this chat in order to follow the trend of an investment.
In this case the price of BTC with the USD. As you can see there are some lines on the chart with 3 colors: Yellow, light brown and brown.
A bullish trend is when all the colors are going up and of course the yellow lines are above the light brown and these are above the dark...
Some time ago in another post I had mentioned the continuation of the uptrend for MRNA.
It took place with an aggressive move up after the positive news as to the possibilities of a COVID-19 vaccine.
So what now ? Have we reached the top ?
In my opinion no. I expect it to move further up and test the $100.
For now the stock is consolidating in a smooth way.