cultureofwoods

cultureofwoods Updated 

Final chart of the day. I think fan tokens are a hugely overlooked narrative and they are all forming beautiful Wyckoff accumulations. Volume is huge at these levels, marking the likely bottom. First target for the spring for BAR is $5.49 but could reach $7. Expect a retest of or near to the range low before blasting off from there to at least $24.8 - probably...

cultureofwoods

Another great project that has been quietly building and growing for years. Facilitates invoicing and payment collection on the blockchain - pretty essential for adoption in the future and, if it becomes the default platform for this, the sky is the limit for the price. I think $4-5 is very achievable; the other targets are pure speculation!

cultureofwoods

This is the wave count I am tracking for BTC. I think we will keep moving up with shallow corrections until around $110K before we have a more significant drop before the final move up to approximately $250K. This makes sense to me because it will give time for the alts to make their impulsive move up and for BTC dominance to collapse as BTC grinds up whilst alts...

cultureofwoods

Chart speaks for itself but main point is another AI token with a leading ABC after a first impulse. Just over $1 is very realistic IMO; the rest is speculation for entertainment purposes only!

cultureofwoods

Disclaimer: I fully acknowledge that what I am posting is obscene and almost impossible to believe. That said, I have noticed that a leading ABC correction is a theme with several AI tokens and, if FET is going to follow suit, this is how it makes the chart look. The 1.618 fib of $2500 gives a FDV of almost $6.8T, almost twice NVIDIA's current market cap. I...

cultureofwoods

Several AI charts are now starting to look like this, with an overlapping five wave move up (wave 1) followed by a rising ABC correction and now an impulsive wave 3 starting. They have all looked very bearing until now because the leading ABC looked like the B wave of a larger ABC and new lows were implied. This is clearly not going to happen. I urge you to look...

cultureofwoods

I think FET is a tricky chart - perhaps because of the recent merger to form the Artificial Superintelligence Alliance. If I wasn't expecting an alt season, I would have said it looked rather bearish with what looks like a failing wave 3 forming. However, the bullish interpretation of such price action is either a leading ABC from wave 1 or an incorrect wave...

cultureofwoods

This is my random guess for ALGO this cycle. I am predicting a short term high of around $5 by the end of January 2025 and a final blow off top somewhere between $15 and $20 by October/November 2025. The volume for this move is massive and it would be very unwise to fade it IMO. I also don't think this is just old retail coming back. It might be because of the...

cultureofwoods

Something didn't feel right about my last analysis so here is an alternative view! I am sticking to this for now and buying at $248 if we get there. If this plays out, final target is likely above MIL:1K

cultureofwoods

Chart speaks for itself; huge volume near the top, a clear ABC structure that has now met all targets and has a full wave count and a topping tail in progress...

cultureofwoods

COIN is in the final wave of a huge move. It is grotesquely overvalued but I don't think the hype is over. BTC has failed to break $100K and that is the signal for a brief loss of hope for the stock but I think it has further to go - perhaps to $500. Buy target is $255.74 (the 0.382 retrace of the purple wave 3). This is a high risk trade; it is possible to count...

cultureofwoods Updated 

TA is a screaming buy (see chart with Elliott waves labelled); fundamentals very strong because US is expected to turn to Canada and Mexico for its growing power needs (manufacturing to be brought home) and this company is in a very strong position in both markets; the company is also just plain undervalued based on its revenue and margins; BlackRock just invested $500m

cultureofwoods

Thought I would post this because I think the chart is interesting. I am expecting continued upside for some time based on the possible wave count and the most interesting thing about the chart is the massively overshooting B wave off wave 1. This phenomenon is all over the alt market. It shook a lot of people out and it will also mess up a lot of traders' targets...

cultureofwoods

Just an update on Perion; very clean wave count so far and expecting a decent bounce from here of at least 50%+; still expecting one more major wave down for a final low after the bounce; targets will depend on how high the relief rally goes; take all future price predictions with a grain of salt - its just educated guesswork until the price action starts to fill...

cultureofwoods

Seems clear ZOOM is going to lose the low; recounting waves allows another low but only just. Long plan doesn't change much in this scenario. However, a major capitulation is possible if this was actually a distribution instead of accumulation range and the long invalidation is on the chart as a blue dotted horizontal line. Personally, I won't sell even if we do...

cultureofwoods

Last night's drop is being blamed on stop hunting; this is likely the catalyst but the move was coming based on the wave analysis. This chart is now very similar to the ALGO chart, with an ABC off the launch high completing with this final HTF (yellow) wave 5 of the C wave down; first target was the 0.618 log Fib extension - could go lower but I count five waves...

cultureofwoods

Last night's drop is being blamed on stop hunting; this is likely the catalyst but the move was coming based on the wave analysis. This chart is now very similar to the ALGO chart, with an ABC off the launch high completing with this final HTF (yellow) wave 5 of the C wave down; first target was the 0.618 log Fib extension - could go lower but I count five waves...

cultureofwoods

Just publishing this because many tokens are showing a similar pattern of a truncated wave 5 of 3 and this is making the current price action tricky to interpret. This wave count cleans up the chart and suggests the bottom of a HTF corrective wave 4 is near. Swing trade targets on the chart.