Chainlink ( LINKUSD ) pulled back violently along with the rest of the crypto space on December 3-4. While some cryptos had their bullish setups destroyed and others were left relatively unscathed, LINK falls in between. While the nested very bullish PURPLE 1-2,i-ii setup that we had got invalidated with the break of the 20.83 low that we had with what WAS the...
DOGEUSD (Dogecoin) like ETC, BCH, EOS, and FIL hit a lower low over the past week with the sharp pullback across the crypto space. What this means is that the original lows from summer of 2021 were broken, which means that the correction that started after the big crypto top last May had not actually ended all this time. We've just been in a longer 4th wave...
Stellar Lumens (XLMUSD) looked like it had a nested 1-2,i-ii bullish setup in place but broke that convincingly when it broke the 0.25-level, which marked the bottom of what WAS the wave-ii. Thus, our previous primary PURPLE pattern has invalidated. However, while many cryptos broke-down so fiercely that they've completely reset their larger 5th wave rally setups...
Polygon (MATICUSD) has a wonderful nested "1-2,i-ii" setup in place after our recent pullback. In other words, we have a larger 1-2 in place and now a smaller-degree 1-2 in place as well with the rally and pullback over the past month or so. However, there reason to be cautious as this smaller-degree 1-2 has extended beyond the standard expectation of hitting the...
Bitcoin Cash (BCHUSD) appears not only complete with its wave (ii) pullback, but we may already have another nested i-ii setup in place. That means we are in a great BUY position unlike with many other cryptos which have started to run away with stronger rallies. As the rally continues across the crypto sector, it will become increasingly risky to deploy large...
The SIL and SILJ ETF's are both following a classic impulsive pattern that began with our low in the spring of 2020. After a powerful 3rd wave blow-off rally that peaked in the summer of 2020, a seemingly endless 4th wave correction has been grinding away all hope in the metals sector. However, we may have reason to be bullish as there are clear signs that the...