The last few weeks on BTC have formed a huge whipsaw pattern, constantly faking out in each direction. This is common for an expanding triangle pattern, and this current triangle also has very good time relations (and lack of fibonacci price relations). Wave-e also broke beyond the a-c trendline as is standard for expanding triangles. Last week I said that we'd...
XRP is one of the few cryptos that still looks pretty bullish. After reversing the daily wiseman signal from Jan 4th, and with the gator open to the upside, the chances of the uptrend continuing from here are relatively high. Upside targets will probably relate to the first wave up by a fibonacci ratio, putting XRP at least at $4.50 and as high as $7.00 by February.
ETH has created a perfect zigzag pattern, with a triangle for wave-B. Since wave-B is a limiting contracting triangle, wave-C should relate to wave-a of B by 100% in price, and end around the apex of the triangle timewise. Both of these requirements have been perfectly fulfilled, and the standard time target of (a+b)/2=c is also satisfied. On top of this wave...
TLRY has created several long-term bottom signals including the first wiseman on the monthly and weekly charts. This combined with momentum divergences and the 161.8% (a+b) time relation all indicate a potential long-term reversal is starting now. This also fits with my bearish stock market forecast because for the last couple of years there's been an inverse...
Bitcoin is currently exhibiting several long-term top signals, some of which stretch all the way back to 2019. Those include: Wave-D = (C+B)/2 in Time Wave-D = 0.618(B) in Price Waves a, b, c, f, and g are all time-similar forming a perfect diametric First Wiseman signals on Weekly, Monthly charts All three wisemen on Daily charts HUGE long-term...
Several long-term signals on Bitcoin are indicating a potential top including long-term price and time ratios, long-term momentum indicators, as well as wisemen on weekly and daily charts. This made me look more closely at MSTR, which is also exhibiting significant signs of a potential top. Some of these on this weekly chart include: Larger Degree (red boxes) ...
TRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar. All of these signs are...
Based on wave theory, the new supercycle should begin with a wave that is similar in strength and size to the end of the last supercycle, which happened in 2018. The yellow bars overlayed on the chart are a copy of the daily bars from the move on TRX at the end of the supercycle in 2018. If TRON continues to follow a similar pattern, then it would run towards $29...
BTC Dominance appears to be in a potential 7 year flat pattern. This coincides with the end of 7 year bear supercycle on alt/USD and alt/BTC pairs. The end of the flat pattern is evidenced by wave-c relating to wave-a by 61.8% in price and relating to waves (a+b)/2 in time (yellow boxes). The false break out from the orange trendline, as well as the wisemen on...
I've seen this stock in the news a lot about some accounting irregularities (which have apparently existed for a long time with this company). Last time these allegations surfaced was August 2020 (stock is up 1000% since then). Anyway, wisemen on the daily, momentum divergences and harmonics look bullish here, so I'll take a small pre-earnings gamble on some otm...
TRX looks ready to break out and will likely be driven by a huge wave of memecoin traders coming to SunPump. This will directly benefit the SUN token which could potentially see a pump much bigger than August. This is partially because the coming break out will be much larger, with Bitcoin also making new all time highs and TRX likely pushing towards ATH as well....
SUNCAT is one of the blue chip memecoins on TRON, with a strong community, consistent volume, and stable price. It's currently sitting at around $10M market cap. From a wave perspective, SUNCAT has formed into a perfect Neowave contracting triangle. Wave-a is the largest and most violent wave Wave-b takes more time than wave-a and retraces more than 61.8% of...
TRX has formed into a running c-failure flat corrective pattern, with wave-c forming a very large 5th wave extension terminal impulse. Glenn Neely told me last week when working on this count that terminal impulse patterns often go on for longer and further than most people expect, and this occurred here because wave-c was much longer and larger than what would...
Wave-B relates to wave-A by 161.8% in time and 61.8% in price, creating a perfect price AND time fibonacci relationship. Internally, Wave-B seems to be forming into some sort of complex correction with a good chance of a bottom here because of the internal relationships between each phase of the complex correction. HEX has also created a weekly wiseman buy signal...
As I said in June, the XRP trial was likely coming to an end soon, and today the final judgement was received and Ripple has to pay a $125 million fine, which is much less than what the SEC was seeking and easily payable by Ripple. SEC may try to appeal the secondary sales ruling but the appeals court and the supreme court both heavily lean right and are likely...
When taking the time from the high of 2018 to the high of 2021 and adding it to the high in 2021 (see large orange boxes) we get a clear time target for the end of this 6.5 year correction on TRX and many other utility tokens like XRP. This puts the time target for the end of this correction around July of this year. This is also likely to coincide with the end of...
TRX Has broken out from this 6 year triangle and perfectly retested the trendline. As long as support at 11 cents holds TRON looks ready to finally end 6 years of volatility compression with a massive decompression that could send prices vertical in a similar fashion as what we saw in 2018. Best case scenario TRX is over $10 next quarter, but at minimum we should...
After reassessing the wave structure on TRX with Glenn Neely, particularly the structure which began at the high in 2021 up until now, it seems to indicate that we are in a complex correction which began with a triangle and is now ending with a diametric. If this is correct, TRX should be beginning the next phase of the bull market now. This would mean that we...