lonercapitalist

lonercapitalist

Lumber had a 5 wave structure to the downside, finishing wave A of an A-B-C zigzag correction. Right now we are in a relief rally as wave B. It is unclear where it will end but the 850 area is an area that may be tested. Regardless, LUMBER is in a bear market and will continue much lower after this relief rally. Will update once wave B finishes.

lonercapitalist

PALANTIR is in a double zigzag correction as a WXY. It is in wave Y right now. Expect further downside to 16.75. Great potential long term stock.

lonercapitalist

PALANTIR is consolidating in a triangle as wave 4 of its impulse rally. It has completed waves A-D of this triangle and has one more leg down to complete wave E before pushing higher.

lonercapitalist

I was incorrect in my previous analysis. After closer look at recent price action, I've adopted the bullish stance. We have a leading diagonal completed for this rally as a wave 1, and are within wave 3. Looking at 32.2 as a major target over the coming months.

lonercapitalist Updated 

CHAINLINK is finishing up wave 4 since the impulse wave starting this past March. We are within wave C, which has not yet retraced to 1:1 or 1:1.618 of wave A. The first target for possible reversal to start wave 5 is the 7 dollar range. Patience is key.

lonercapitalist Updated 

LITECOIN has reached an area to complete wave 3. I mapped out the wave count for this wave. It ends in an extended wave 5 that ends in an ending diagonal. Per Elliott wave theory, and ending diagonal signals a heavy drop -- down to the wave 4 of lesser degree (circled). I see limited upside and higher risk to the downside. Invest carefully.

lonercapitalist

We are still in correction for silver. We completed a full 5 wave impulse rally that ended in . We have not fully corrected yet and it looks like we are forming a flat correction for a wave B. Expect price action to rise to 29 to finish this wave, followed by a very steep price drop to 17 dollars. The reason for this price point if twofold: it coincides with...

lonercapitalist

We are in wave 4 of the impulse wave starting September. Wave 4 retraces 0.382 of wave 3 and also retraces to the wave 4 of lesser degree. Both of these rules point towards a retracement to around the 25-26 dollar range. After this, expect upside for a wave 5.

lonercapitalist Updated 

Bitcoin is within a wave 3 rally since March. A 1.618 extension of wave 1, the 2019 rally, shows that 43177 is the next level to watch for a consolidation vs reversal. There is more upside to come, have no fear.

lonercapitalist

NKLA has been forming a WXYXZ correction since its all time high. A 1:1 ratio of wave Y to wave Z would place the price bottom at 11.30.

lonercapitalist Updated 

Wave 4 has just completed as a running flat correction, and wave 5 will begin. Since there has been no wave extension in wave 1 and 3, wave 5 is likely to be extended, which means wave 4 ends at the .618 of the whole impulse wave. Wave 5 target is around 20.83.

lonercapitalist

Alcoa is within its 5th wave and those who were able to buy during my previous call to a completed wave 4 are in profit. Better not sell though! We are in an extended 5th wave, which means that the length of the whole 5th wave is 1.618 the length of waves 1 and 3 combined. This puts our target at 53.83, meaning there is more upside to come. There is still time...

lonercapitalist

Litecoin is in a wave 3 rally of the impulse wave since March 2020. Wave 1 is a leading diagonal, which generally points to a huge upside move which we are in now. We have reached the 1.618 extension of wave 1 and will likely consolidate in this range for some time before heading to the next target - 262.5 - the 2.618 extension of wave 1.

lonercapitalist

As much as I would love to buy XRP for profits, the pattern forming shows heavy risk to the downside from here. I believe that XRP is still in correction from Jan 2018 and will continue downwards towards the 5 cent range. As we all know, the SEC investigation into XRP has tempered bullish sentiment in cryptocurrencies -- altcoins in particular. Since then, we...

lonercapitalist

I was incorrect in my previous analysis of DM as I was too early in calling 10 dollars. It may still drop to that region but it will go up more first. It seems as if an ending diagonal is forming. Based on fibonacci extensions, I believe there will be a reversal at 18.32 for a wave 4 then an upward swing to 25.5 for the final wave 5 of the diagonal.

lonercapitalist Updated 

A 5-wave structure as a wave A points to much more downside. We seem to be consolidating in a descending triangle before this move occurs. This will be a large zig-zag formation with 5 waves down for a wave C. Wait for wave C to finish before entering into a long position.

lonercapitalist

Major waves usually consolidate or reverse at the .618 and sometimes whole number extensions of the preceding alternate wave. As you can see on the chart a fib extension of ethereum of the entire 2019 rally shows that the current rally has consolidated at the 0.618 and 1 extensions (circled). Therefore, it is very reasonable that the next target would be the...

lonercapitalist Updated 

I have noticed a pattern on the chart for LITECOIN that points towards a possible 20x return -- my target is $2000 over the next year or so. I have mapped out a possible elliott wave count on the monthly chart for litecoin given the information that we have. Litecoin has recently broke out of a triangle formation that began in december 2017. Since a triangle...