It looks like we have two complete cycles of Elliott waves with peaks on January 13 and April 29. Both cycles can be scaled up being waves 1, 2, 3 and 4 of major Elliott cycle (even though wave 4 overlaps territory of wave 1). Considering this pattern we can expect wave 5 targeting to test 0.003 BTC. This might help EOS surpass Bitcoin Cash and possibly even...
Even though BTCUSD is rising right now, very important trend line was broken on April 1 and this is not a joke. It might be that we are experiencing a C-wave, the final and deepest one before next bullish cycle and so desired market recovery.
BTCUSD is wandering between 0.382 and 0.5 Fibonacci levels for almost a week already, successfully bouncing from both. It looks like we need really big news to break free from this trap. Technically we have two major scenarios here: 1) Crushing 0.5 support level (red line) and falling down to 8.5k 2) Breaking downtrend (blue line) and returning back to 15-16k...
Looks like pretty straight forward Eliott Impulse Wave started on December 30 is approaching it's final point right now with target 16300-16400 on 61.80% Fibonacci resistance level. I think we can expect relatively minor correction then and will see if we can brake the trend line on 13800 around January 8.
Correction! Finally! :) Any healthy market needs healthy correction and BTCUSD in not an exception. It looks like we are enjoying wave B now trending to 16k and will dive down to around 10k with wave C in the next few weeks. Nevertheless 2018 will be epic year for blockchain world. Right now my favorite bet is Cardano (ADA) and what about you guys? Marry Christmas...
As I had already mentioned in my DASH analysis BTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future. I personally consider LTC as the most conservative, stable and reliable altcoin. This is why I expect new rise of Litecoin around November 16...
BTC community is really uncomfortable right now with all this 2X disturbance and it looks like we can expect some capital flow from Bitcoin to alts in nearest future. November 16 is expected hard fork point and it looks like new wave of DASH rise can be expected near this date. P.S. Me myself redistributed 40% of my BTC to LTC, ETH, DASH and XRP. If you have any...
While Fibonacci levels are very precise since last major crash on September 15, there is an intersection of two major trends close to November 19.
It looks like we have two major trends intersection close to September 26. Short term future of Bitcoin might be defined in next few days after, while Chinese exchanges shut down will be finalized.
Looks like we have Reversed Elliott and possible down trend to 3477 while no major news and China uncertainty. What do you think guys?
Pretty straightforward. What do you think?