Iamasloth

Iamasloth

$200,000 Bitcoin is the most likely scenario based on the cycle's Fibonacci retracement and Elliott waves theory. So far, the bull market has followed the Fibonacci retracement targets perfectly showing all major resistance points. The wave 1 retraced after tagging the 0.786 level and the wave 3 retraced after hitting the 1.618 level. This is extremely bullish, my...

Iamasloth

The last time bitcoin had a flash crash like the one it had today was in 2013, the similarities are unparalleled. both happened right before the final blow off top, both were a 20-33% retracement and both happened right after the first impulse in the 5th wave. The next couple months will be amazing for crypto, have fun being rich :) Green square- Shows the flash...

Iamasloth

My target for XRP is $27 due to the fact that it lines up with the 1.618 Fibonacci retracement level. Since the previous cycle hit the 2.272 retracement level, the 1.618 takes into account diminished returns (1,183x previous cycle vs 241x this cycle) due to XRP having a higher market cap. The green box on the chart, as well as the Elliott waves, shows where I...

Iamasloth

*NOTE* This is just a short-term target, I believe XRP will hit $27 by December or January . The Chart: - Massive cup and handle formed has a target of $2.5 which is a 95% impulse from current prices. -RSI broke downward resistance and has held previous resistance as support on the 4h timeframe (yellow circle). -Stoch RSI is bottomed out, allowing for XRP...

Iamasloth

Kusama, -Broke out of gaussian channel and back tested the top as support (White circle) -Broke out of descending resistance (White line) -RSI broke out of descending resistance and back tested resistance as support (White box) -Formed a cup and handle pattern on the daily, Target is $695 *Note* -Potential for a back test of the white resistance line as...

Iamasloth

A comparison between HBAR and ETH shows that it's highly likely that HBAR still need the 3,4 and 5 waves to close out the cycle. This is insanely bullish since it means we will see two massive impulse waves to the upside. See my other posts for my reasoning behind my price prediction, but on the low end I'm expecting $4.3 by the end of the bull market. Green box-...

Iamasloth

*Weekly chart* Bullish: -RSI at similar levels to previous impulse wave. Going by timeframes, HBAR should start the impulse wave now. -MACD crossed bullish on the weekly (insanely bullish). -Last time, Stoch RSI hit this level then HBAR proceeded to pump 3 weeks later. -HBAR is holding 2 support lines on the 4h/1d chart (not drawn on chart) and has broken out...

Iamasloth

I have nothing against Coinskid, hes a great youtuber who posts amazing TA multiple times a day. I simply have a different opinion on where XRP is heading short-term. Top- My idea Bottom- Coinskid's idea (roughly) twitter.com My idea: I think XRP will soon break out of a symmetrical triangle because: -Bullish symmetrical triangle formed after impulse...

Iamasloth

Short-term chart patterns/ Technical indicators point towards HBAR breaking out of months long resistance (blue line on price chart). Bullish: Chart Patterns: -Cup and handle (purple) formed points to $0.297 target -Symmetrical triangle (orange) targets are between $0.327 and $0.321 -Previous cup and handle pattern met (black), likely that current cup and...

Iamasloth

I don't see the break down target to be likely as it would fall below all Fibonacci retracement levels as well as invalidate the descending wedge target (orange). Since both the falling wedge and ascending wedge targets are above the 1.618 Fibonacci level by far, I would target the 2.272 Fibonacci level as my sell point. The only notable thing to point out that is...

Iamasloth

The previous bull cycle lasted roughly 441 days (from the first higher high to the end of bull cycle). By that logic, XRP's bull cycle should end in early February (give or take a month). This also lines up with the 4 year cycle theory which would indicate Bitcoin's cycle ending in December, while alt coins will have about a month to pump afterwards due to money...

Iamasloth

To give some background for the rest of this post, I believe that the pump to $2 was only wave 1 of 3 and not wave 3 as the retracement fell below the wave 1 high and XRP only pumped 10x while ETH (a coin that pumps less compared to XRP) pumped 50x. This means that we have just seen the 1st wave of the sub wave 3 of wave 3, confusing I know. Basically each...

Iamasloth

*I DONT PERSONALLY BELIEVE HBAR WILL HIT $27 THIS CYCLE, THIS IS JUST A THOUGHT EXPERIMENT* Rundown: ETH's chart in 2015 look similar to HBAR's chart today. While HBAR doesn't have as much time as ETH to get to similar price targets (about 8-12 months less), HBAR is a VERY strong project which outperforms most crypto currencies in both tech and use cases....

Iamasloth

-The 3 wave on the silver chart close above the wave 1 high while the pump to $2 on XRP fell below the wave 1 high by 36% (Green box). This means that the pump to $2 was the wave 1 of wave 3. -While ETH 50x'd in it's 3 wave, ADA 32x'd and BTC 16x'd, XRP (the most volatile of these) would've only done a 10x. -XRP is a known lagger, making it likely that XRP...

Iamasloth

WHY IT WILL CRASH SOON: IMO APPL looks over extended at the moment and will have a large corrective retracement to conclude this cycle. As you can see, whenever price action is over extended from the gaussian channel and starts creating a bearish divergence (higher price, lower RSI - Blue/white lines), price action has had major retracements of 35-45% in the past...

Iamasloth

BABA is a stock that is too big to fail and has much FUD surrounding it currently. IMO (and this is unrelated to the chart) whenever you see tons of FUD in the news surrounding a stock after its concluded its upward momentum that indicates that (really) rich investors (institutions) are trying to buy back in for a cheap price before it rockets upward. It's comical...

Iamasloth

Points: -Since the retracement from $2 to $0.5 fell below the wave 1 high (by 36.5%), that invalidates the pump to $2 being the 3 wave. Therefore the pump to $2 was the first wave of wave 3. -ETH 50x'd in it's 3 wave, ADA 32x'd and BTC 16x'd. If the pump to $2 was the 3 wave, XRP would've only done a 10x making it more unlikely that said pump was the 3...

Iamasloth

$FLT has been following Elliott wave theory perfectly since the upward break from the descending channel (blue). In Elliott wave theory there are 5 waves, Wave 1,3 and 5 are ascending (pumps) and wave 2 and 4 and descending (dumps). With each Elliott wave (1-5) there is a complete sub-Elliott wave 1-5 followed by an ABC correction. The first wave has already...