AVA37

AVA37

Nothing really new to say here. Just to remind everyone that a bull trap for BTC is still very likely on the horizon. For all that to happen it would be nice if we could hold 49.5k are first otherwise we could still get into further ranging. I am not a financial advisor so non of this should be taken as a financial advise. Be well. BINANCE:BTCUSDT

AVA37 Updated 

Solana is printing extremely similar chart of what eth did in 2016-18. It looks almost the same, although i don't think sol will go that far in terms of percentages as eth did back then. Largely because of the current market cap and use case, where eth is practically a gas for other similar projects to be build on. As we don't have any historical data to be...

AVA37 Updated 

EOS is one of my favorite alts, besides XRP and DASH. It has great price history, and it did perform exceptionally well in 2017/18. It is still listed on the biggest exchanges and so therefore i still believe that this market cycle will have its turn to shine. If we extend fib. extensions over previous bull run, where level 1 is sitting at ATH, it just so happens...

AVA37 Updated 

ADA had a phenomenal run in 2020/21. It has reached to a full 4.236 fib. ext based on the rally prior to capitulation where .236 is sitting on top of. Even though i think ADA still has i bit more to go. Not to much but still 200-300% could still be in the play here. To get the final clue where the final target could be, we have to extend fib. levels over the...

AVA37 Updated 

DASH is one of those forgotten coins, or so it seems like. I remember being above 1k in 2018. Even though it has not had the chance for a rally yet, i believe it will happen eventually as there is a lot of money in BTC and ETH to be rotated out of into the laggers enclouding DASH. It has 1100% just to its previous ATH. I specifically turned on linear scale for you...

AVA37 Updated 

Looking at the fear and greed index for BTC, you can see that even though BTC didn't really have a rally yet, just broke a downtrend it has return to almost neutral. That is a MASSIVE increase from yesterday when it was just 26, now is 45 and BTC has only rose 5%. This is a clear indication that market behaves very irrational. People get excited on the small rise...

AVA37 Updated 

I think in the last month we are beginning to see certain sectors of the market starting to crash, mostly technology sectors, like TSLA, AMD, NVDA, INTC,... You really don't have to be expert chart analyst to see that the whole stock market, especially technology sectors are extremely overvalued. It has never been anything like it, really for the past 90 years....

AVA37 Updated 

I know many of you will not like this idea. It is a pure speculation based on how the different values like time and percentage decline or rise. I know that time is completely impossible to predict, even prices can range dramatically +-1k%, so my purpose is to share my price view as realistic as possible. Every super cycle consists of two smaller ones. It is...

AVA37 Updated 

In this idea i want to present how i personally see the price of BTC to behave especially after the abc retracement and alt season. Price will of course behave much differently than of what is shown on the chart, also from the time perspective. The main purpose of this is to show that this bear market can last much longer and get MUCH deeper. Usually btc is...

AVA37 Updated 

I know I've mentioned this many times now, but still... Either it happens from here, or maybe we have to grind a bit lower to shake retail investors and grab large orders between 42-45k area. In such situations price first moves up relatively fast into the capitulation area (54-58k), that presents a huge resistence right now, then it BTC continues to crash. It is...

AVA37 Updated 

XRP, like other 80% of the alts did not have its bull run yet. Even though BTC may very well be in the bear market, that does NOT mean that alts are. What we now have to wait is for BTC to provide some type of a short small rally just to re-test its prior area of capitulation (55-58k). If this happens i expect alts to go with it, but.... there is still more down...

AVA37 Updated 

Eth is at really hard place right now. As with BTC its market cap chart has already extended aver all major fibonacci extension levels (will show the chart later in the update of this idea). While i am confident that BTC has entered a bear market, i am a little less with ETH. Imo there are two scenarios for eth, one is bullish , the other one is bearish . Whatever...

AVA37 Updated 

I expect BTC to eventually fall through this orange rectangle price area, like it did right after setting the ATH at 69k. Retail investors still have a lot of hope that BTC price will somehow recover from here and that is not usually the sign that we've bottomed yet. After capitulation i expect the price to first reach 0.618 fib. retr. lvl., then have a bit of...

AVA37

On the left side of the chart i've compared a chart from 1891 - 1935 to show the similarities between chart back then and todays after the dot-com bubble. The orange chart is not stretch out or anything. It is there to show that when the bubble popped, price did eventually fall below the bottom of the previous sideways range (orange box). In '29 chart also reached...

AVA37

XRP is one of the laggers that is still waiting for big rotation. During recent capitulation we've fallen as far as to $0.6. I expect BTC to fall a bit further, so even if the alt season is near and bitcoin dominance low, you can expect that if another liquidation event happens to BTC it will also happen to alts. So id we by any chance don't hold $0.6 i am at...

AVA37 Updated 

In my previous ideas about BTC i specifically sad that in order for btc bull run to continue we must hold 53k so we don't invalidate 5 elliott waves . With the recent liquidation event falling to 42k we can now say that btc has entered a bear market. I don't think 42k is a bottom yet. We could very well drop further into a 35k area. After that if we start...

AVA37 Updated 

It is still a bit too early to say, but i just want to think ahead of a crowd. If we hold 55.4k we could be heading into a 2nd wyckoff redistribution phase from where we eventually break down into a bear market. Like last time It is a chance that many will predict breakup into new highs, which in reality we will probably not see for many years to come. Don't get...

AVA37

Xrp is looking remarkably similar to what it was in q2 of 2017 from the fractal perspective. I've highlighted those fractal similarities that can be seen. If history is any indication we should be breaking out soon giving also that the btc dominance is tanking as alt-season approaches. Expect consolidation in $1.5-2 area, maybe even higher considering how long...