Looks like we're stuck between two possible patterns. My outlook is that a break over 4.2K Will complete the IHS and should bring us to 5.23K. Technical: Strong fib confluence at 5.23K is show as: .618 of the large swing & is the same fib as 1.886 of the 3.1K to 4.2K swing. A break under 3.5K should have us zigzag down to about 2.45K. Technical: 1.618 of 3.1K...
Amazon Price structure guess. This should complete the wave count to 61.8% retrace on Amazon to 1K. I have the 61.8% retrace at about $975, but 1K should be a psychological support and makes more sense to stop just above.
I'm seeing a full elliot wave pattern on the inverted USDT chart. This could mean a few things. 1. USDT may be falling apart. We have a clear accumulation pattern, but in this case it's actually dumping of USDT. It's possible that this will accelerate downwards and USDT may become worthless. 2. USDT may start another bubble in cryptocurrencies. The reduced...
Market crash cycle. Targets are $800, and around $100 for full market crash.
This chart shows BTC price premium correlate directly to the USDT price.
Just some XRP FUD. :p I actually have no idea how this will play out, but this would make sense with the current wave structure. Don't trade based on this, i haven't put in nearly enough effort to come up with good targets anyways.
Possible targets for bounce. 6600 looks like pretty strong resistance, but we'll see how it plays out. Targets based on price and not time.
Original Chart was 3 min time frame, but i can't post less than 15 to show wave count. sorry! We're on wave 2 currently. Possible top targets are 6.4K, 6.6K, 6.75K I don't see us making it past much 6.8K Expecting us to bounce from 5.1-5.3K for an ABC retrace back to 6.4K range before continuing onto 4K. Targets will be changed as we move along the wave...
Elliott wave theory shows us return to wave 1 support after completing a 5 wave pattern. This suggests we return to support at aprx. 1.2K USD. This also line up with the 2.618 Fib for wave 3 on the final "c" waves. That being said, BTC will not just dump to 1.2K, it will have bounces on the way down, i just haven't included those in this chart. Targets are...