Caramel0

Caramel0

Hello fellow Degenerates, This time I got both XRP and ADA charts together to show you both theories that created this slow and boring drama we are facing now. This week we might finally get to its conclusion, for better or worse so watch closely. If you been observing and watching the crypto market, you know that these two tickers are the ones that will drive a...

Caramel0

Yuuur, As you can see in the title, I am taking a breaking from all the positivity and hopium of my last posts just to give us all a warning: PRICE CAN STILL GO LOWER I have been saying this in all of my previous posts, but this time I decided to show you what I mean. The green box is the PT for the Second Wave of this bull cycle. As you can see we got in...

Caramel0

Hello again, Degenerates PT1(For those that don't want to read) = $0.96-$0.83 If you have been following my analysis, you know that we are now in a sensitive zone: - We hit a Macro Wave 2 target, but Wave 2 can always go lower (as long as it doesn't cover 100% of Wave 1) - Market uncertainty has brought sentiment to extreme fear - SEC is taking its sweet 4$$...

Caramel0

Hello Degens, Just stopping by to drop a new dose of hopium and remind everyone that while SPY keeps on digging new lows, Crypto is holding its price. To my surprise, ADA has been holding the price target I had suggested. I do believe that we are now in a zone where institutions have been accumulating and manipulating in an attempt to create as much liquidation...

Caramel0

Alright degens. We are here. - RSI did another lower high on the daily. - RSI double bottom at 1H chart. - Price is at the 38.2%. - Small break of trendline in the 1h chart. Are we pumping? absolutely not . We're just watching. Although price broke the trendline, it needs to at least break the last lower high with strength to confirm a reversal. Although we...

Caramel0

Just found this interesting data. The chart shows the vertical line in blue marking the previous bitcoin halving. The Horizontal arrows show the days after the bitcoin halving. If you look closely, you will see that in the last cycle, bitcoin was also going through a little correction phase in which it dipped as low as 31% before continuing the market pump. If...

Caramel0

If you followed my last analysis you know I was expecting a drop to this level, and surprisingly enough, price stopped precisely where i had marked!! Now, im just an amateur in elliot waves so dont be surprised if price doesnt hold, but if my thesis was correct, price must hold this level while it get ready for Wave 3. Next wave should be the largest one,...

Caramel0

I don't think i need to say much... *This is not financial advice. This is my attempt of practicing and learning about Elliot Waves. Please let me know how I can improve*

Caramel0

In my last analysis, I used the 15min chart to analyze price patterns and was lucky enough to be right and price ended up reaching the PT target that I had estimated for the end of wave 2. HOWEVER, looking at the charts now in the 1hour timeframe, the pattern price is making is giving the impression that i was actually incorrect in my last analysis. As a recap, I...

Caramel0

As per last idea, ADA seems to have found support and might be currently aiming at its Wave 3 target (blue rectangle). The chart shows the most conservative price targets per elliot waves, but if we think about all the news and events we are still waiting for, it gives a little more confidence that price might go even higher. *This is not financial advisor. This...

Caramel0

Wave and XRP are mirroring each other today. If the pump of this morning is the signal of W1 of a new cycle, we are now in a W2(correction). Based on the price movement from this afternoon, bulls are very strong, maintaining wave B of this correction in a range above 38.2%. It is clear that this correction will follow one of the rare Wave 2 patterns, but we must...