Gann
Could our next Bitcoin rally take us to $100,000?This is more of an experimental scenario, however there is always a probability this could happen. I just won't be too optimistic at this point since we are bearish at the moment and are still making New structure lows and Lower highs, however if we go to $2,800 and start showing signs of reversal it might be time to buy more for the long-term. This scenario calls for our bottom at $2,870; and our wave 3 top (if extended wave 3) would be $85,254 (4.236%, then a wave 4 should take us to the normal 38.2% at $49,800 followed by a wave 5 to either 1.0% ($72,399), 161.8% ($84,522) or 261.8% ($104,140).
Shaded parts of the emerald are based on Gann fann (Predicted $20,000 top - 45° from start of bull-run)
I will post a non-drawn on chart in the comments for anyone who dislikes the drawing.
Thanks.
This setup aligns with the potential for a continued move loweScalping USD/JPY with a short bias throughout the week. Observing market dynamics, it appears there is still potential for further downside movement. Retail traders, as usual, are heavily skewed toward long positions, creating an opportunity for larger market participants to exploit this imbalance. This setup aligns with the potential for a continued move lower.
Wave structure of ZEC coin in day time frame- DAY is swing bullish=> current is pullback
- 4H is swing bearish => current is pullback
The daily time frame is in an uptrend. The 4-hour time frame is in a downtrend. Therefore, we can buy when the price reaches the demand zone of the daily time frame or at the 4-hour time frame for a bullish reversal signal.
Squaring the High for TSLAHere we are Squaring the high of 299$ for TSLA on July 19, 2023 being our origin date we do as follows sqrt(299) = 17.291 + .25 resqaured = 307. days later may 22, 2024. After adding .25 to the SqRt of 299 i subsequently added + 1 to the SqRt of 299 which equals 17.2916164658 so 17.2916164658 + 1 = 18.2916164658 RESQAURED = 334.583232932. 334 is our time cycle adding from the origin date of July 19, 2023 gives us July 18 2024. Marked on the chart are the time cycles given after subsequently adding +1 8 times. Notice how were are getting precise pivot points for TSLA. To understand further watch Michael s. Jenkins part one and two 1. youtu.be
2. youtu.be
ETHUSD Intraday (Day Trade) trendforecast for December 5th, 2024ETHUSD intraday or Day Trade trend forecast for December 5th, 2024. The intraday trend may begin with a bearish note and move upward. The day may close on a negative note. The forecast is based on the Timing points extracted from the previous data. The timing stamps used in the forecast are based on India Standard Time (IST).
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XRP - Monthly analysis - purely technical points to 12.21 and 32I know this may sound too good to be true - but we all know this market is not very rational market.
From a pure technical analysis point of view, XRP had a bullish momentum from 2016 - 2018 and has been in consolidation of a bull flag pattern since then. Recording bottom of 0.11 then bouncing back, following another decline to 0.28 - which coincide with cup and handle pattern. Most recently breaking the neck at 1.92.
From a cup and handle perspective - it should aim for 32 USD.
Lets do elliot wave. assuming this is the final wave 5, extended Fibonacci sequence, gives us a target of 11.87 which is 1.272 fib. And in crypto - wave 5 most of the time stops at 1.272. Or extended target of 1.618 fib around 32.865$
Right. Now analysing XRP on Gann square. It can be identified XRP follow a 60 degree angle which follows triangle pattern. On a monthly time frame, it shows the secondary and primary angles. The rules of Triangle pattern often continues to 180 degree and doesn't continue to 360 - which agrees with Fibonacci and Elliot wave marking the potential top at ~ 11.8714. Obviously it can break angle 180 - in which case - its maximum is 360 degree angle which is 44.31 - and this coninside roughly with the fib 1.618 and cup and handle pattern.
So.. what to do - I can't tell you and this is not financial advise. If you bought from 0.74 - (the buy zone marked), it would make sense to take capital out and let the rest ride.
Is it going to be the next sol? We don't know. It already surpassed it in Market cap.
Is it likely for XRP dominance to do it and get to these levels. XRP dominance history shows us that it reached before 22% of the market cap... History doesn't always repeat but it often rhymes. Currently at a 4.24% market cap. According to this accumulation pattern with huge volume - target for the box is 15% which is double the current market cap. So all depends if btc shoots up further to the 126K - that might give it enough fuel to reach those figures.
I see 5.96 is a very realistic target at the moment with 11.87 as the top