moonman1488

moonman1488

FED has on the 22 of september that from november of this year onwards it will no longer inject as much liquidity into the market as it used to do, and it also announced that it will raise interest rates sooner than expected, further increasing the demand for US dollars, and theoretically reducing the price of bitcoin. The interest rates hikes will start on 2023,...

moonman1488 Updated 

BTC seems to respond to FED interest rates in a much more acute than gold does, this might be dues to low market cap, besides taking some time to fully absorb those rate changes take your conclusions

moonman1488 Updated 

This is my primary count for btc, where i believe we are doing a 4 wave, that might form a clear triangle in 1 to 2 days, before going for the 5 wave for the last leg up, the targets that i have put up are a combination of fib extensions and previous resistances/supports, seeing the ichimoku cloud being very flat at the 9k region, and it being a strong...

moonman1488 Updated 

After seeing the ascending triangle forming in XLM/USDT i tried to make and EW count to determine the possible targets, the first target is if we get the height of the small triangle, points for a double top and that's it basically, the second target is if we use the height of the bigger triangle, it coincides with the 0.65 extension of wave 3 projected on 4, a...

moonman1488 Updated 

the original target was 7600, but it seems like this was the end of the 3 wave, so i expect a pullback to the ~7100 area before heading back to new highs, probably the .65 retrace at ~8100.

moonman1488 Updated 

Assuming this wave count is correct, we could expect a bounce from btc back to at least the 7600 area before heading back with the downtrend, this happens because btc had a very weak second wave, and due to the alternation rule, wave 4 should reach ~7600 before continuing to drop, as you see in this chart i already counted A wave as 5 waves up, so i really do not...

moonman1488 Updated 

assuming this count is right and we are going for the 4 wave i think we could see btc hitting the confluence point of the 382 fib lvl and the good pivot at the end of the internal 4 wave, and going horizontal for some time forming a triangle before breaking up to complete the 5 wave

moonman1488

I think it is possible for xrp to fall for this next good pivot before coming back to going up, i think that because there is no bullish divergence in the rsi or macd, so this could mean that xrp could correct a bit more, especially if btc continues to correct, anyway if you plan in holding xrp for a long time this is already a good place to buy since we are at...

moonman1488

i have been looking lately at xvg and worried about how the what i thought to be an impulse up is looking more and more like an abc, the 750 support might be the last good pivot to confirm that this was an impulse up, if it is broken then we start to see the resistances bellow to find the end of wave 2, the adx looks like it is close to normalize, maybe after we...

moonman1488

This is the second alternative for ada, the first one seems to have hit the 236 retrace and gone back to impulsively move up

moonman1488

Here is what the wave count of xvg looks to me, the correction hit the golden zone at the 0.618 fib lvl and it is looking like it is starting the 3 wave, the target i marked is the 1.618 extension from the wave one to wave 2, this is the high probability zone for wave 3, but wave 3 could go higher or lower, this we will know with time. Share what you think of my idea!

moonman1488

this is what my EW count looks like, share what you think, there is a chance that we already had the 5 waves up and this is the beginning of a big correction, but this makes more sense to me.