jjbb11

jjbb11

We are now undoubtedly in the beginnings of an impulse wave. Every indicator (RSI, PPO, ADX and Stochastic RSI on 1D chart) is showing the same sign. I have this labelled as wave 5 supercycle. I use a "contrarian" approach to trading in that I have noticed time after time that when everyone is bullish, a correction is imminent, and when everyone is bearish, the...

jjbb11 Updated 

The cryptoverse has life breathed into it once again! With Wave 5 of an Elliot Wave BTC Super Cycle just beginning, we can expect very large growth across the board for the next 2-4 months! Wave 5 of EW cycle is characterized by public adoption - which we saw very much in the Wave 5 cycle within the Wave 3 supercycle - so we can definitely expect mainstream use...

jjbb11 Updated 

Price prediction based on EW and fibonacci retracements/extensions, in time and price. Bit of an experiment of min to see how accurately these 2 tools can predict price movements, when used optimally. I use retracements/extensions from the two largest timeframe waves, and where lines are close together, I consider this a "double wall" and an area of probable resistance.

jjbb11

An interesting perspective on ethers future moves, calculated with fibonacci extension, retracements and trend-based time extensions, along with EW. We are in Wave 2 of the cycle timeframe, and according to EW principles on symmetry, a correction that is not deep (and symmetrical with price) will likely be symmetrical in time. We can see the trend-based...

jjbb11 Updated 

This is a near textbook zig-zag ABC corrective pattern. The dotted line is the A wave stuck onto the terminal point of Wave B. We are also basically exactly where I predicted the supercycle EW Wave 5 would begin. I don't think BTC will see too much resistance at these retracement levels below the previous Wave 5 (on intermediate, primary, and cycle...

jjbb11

This is a near textbook zig-zag ABC corrective pattern. The dotted line is the A wave stuck onto the terminal point of Wave B. We are also basically exactly where I predicted the supercycle EW Wave 5 would begin. I don't think BTC will see too much resistance at these retracement levels below the previous Wave 5 (intermediate timeframe). This market continues...

jjbb11 Updated 

BTCUSD is reaching a bottom. Key points are the 0.5 retracement of the Wave 3 in the EW Supercycle (Mid July to Mid December), and the 1.272 fibonacci extension of wave A in the corrective Wave, starting mid-december. Most people think 1.386 is a fibonacci extension, which is a common misconception. 1.272 is calculated from the Square root of the fib extension...

jjbb11 Updated 

I finally spat the dummy and just created a new chart layout without all the additional indicators displayed below the candlesticks. Now we have some clarity at last! If anyone has any idea how to publish an idea with displaying all indicators, please let me know! As we can see from channels, yesterday we broke below the upwards channel drawn between Wave 4 and...

jjbb11 Updated 

I've removed several tools I use to make this graph clear. I've included my minimum target of 2.618 extension between wave 3 and 4 of the supercycle for the next high before we see a more minor correction. This time-projection is derived from trend-based fibonacci time extensions, and fibonacci extensions.

jjbb11 Updated 

This graph has been modified to reflect more accurately the ending diagonal pattern. It also includes a comprehensive elliott wave count, up to the supercycle. We are in Wave 4 of a supercycle, so can expect this correction to last a while longer yet - even if it does not retrace more deeply, to satisfy the EW principle of symmetry in time & price we would then...

jjbb11 Updated 

The BTCUSD chart is holding true to an ABC correction pattern. Wave B of the corrective pattern retraced slightly more than I anticipated, and slightly quicker. The BLUE ABC pattern is my original prediction. The BLACK ABC correction accounts for where Wave A and Wave B actually ended, and includes a modified prediction for Wave C. We MAY see an ending diagonal...

jjbb11

I've had this forecast since 29th December. It appears we are correctly slightly sooner than anticipated - but I have, as of today, cashed out most of my short-term trades, and converted a larger portion of my portfolio (more than 50% - much more than I usually hold in cash) to fiat. I have held onto a few smaller trades - nothing that would be too detrimental...