Our timezones and price zones have been hit and we're resting in the 2584 Fib TEMA (triple exponential moving average) on the 30m chart. This is the same place (relative to this TEMA) we were in last time we bottomed. Very high confluence area for wave 2 to reach its low. My time periods indicates this could be our last day before ripping. My target is over...
Recently I have discovered that assets have not just been in a very bullish trend, but that they are showing signs of being within a specific bullish trend formation. Specifically, bull flags. I'm pretty astonished to have confirmed that this is the case by applying the characteristic ABCDE pattern they display. The implication of this cannot be understated,...
After pouring over the S&P500 for hours analyzing its performance relative to our friends BTC, ETH, and LINK, I came up with this super simplified chart with likely scenarios to play out after market close Friday. Let's remember the last big move up happened last Friday evening. The periodicity and price performance I've analyzed makes me think we could have...
Super simple two paths for LINK. Higher or lower? See the related ideas for more perspective! DYOR and enjoy!
Super simple two paths for Ethereum Higher or lower? See the related ideas for more perspective! DYOR and enjoy!
Here's a simplified version of the 2 paths in front of bitcoin. Higher or lower? See the related ideas for more perspective! DYOR and enjoy!
I'll keep this simple cause the notes are all on the chart! Maximum Indecision! $14,000 or $8,000? Key support level might indicate we go up! Like, comment, subscribe, and all that and of course, DYOR, and enjoy!
During the last bull run in May and June last year, ETCG, the OTC fund, performed around 4.8 X the high price of the cryptocurrency ETC, Ethereum Classic, which it tracks. This was bewilderingly high performance. ETCG went on to abruptly lose almost all of this value before Ethereum Classic even truly began its deflation from its high. ETCG is very volatile. A...
I just did a logarithmic version of the same chart for ETCG. This shows price movements better because it is relative price movements rather than distorted ones caused by increasing scale as the bull run goes on. Much better patterns for trading on.
Top and bottom trend lines on ETCG for guiding profit-taking and dip-buying. Also comparisons with ETC, BTC, and GBTC. ETCG is trading at almost 5 times value of underlying ETC! This indicates we could see big multiples ahead, even much more than in Ethereum Classic itself.
Bitcoin is appearing to be the price gain leader in crypto thus far as you can see with it plotted against ETC above. I'm thinking of strategies where you move capitol out of bitcoin towards the end of each wave and then into the alts in order to take the mirror movements.
I'm new to this but just trying out some Fibonacci on ETCG. I think I'm seeing the possibility of a rebound from almost completing the low with wave 1 of this last cycle. Any feedback or criticism appreciated
When you look at the daily candles for the public Ethereum Classic fund, ETCG, it appears parabolic. But when overlaid on Ethereum Classic itself, we see that it has diverged sharply in this direction away from the cryptocurrency it tracks. My account has gone up 54% in a week, but is this going to continue or come down with a parabolic correction sooner than later?
So this is a very simple illustration of the price decline in GBTC from the 2018 Price Peak. I am just starting out, so I will come up with more in depth stuff later. Any comments are always welcome.