papaya_musical_analysis

papaya_musical_analysis Updated 

Supercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued. In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the...

papaya_musical_analysis

Both wave 2 and wave 4 touched exactly .618. Wave 5 is still in play. Price targets are marked on the chart. Some of them have confluence with ath and monthly close.

papaya_musical_analysis

Wave 1 and wave 4 daily closes didn't overlap, this pair seems to follow EW pretty well. If BTC found bottom, that could be the case, but please bear in mind that it is heavily dependent on Bitcoin's behaviour.

papaya_musical_analysis

So far EW count on Algorand looks reasonable. Wave 5 could be extended, since wave 3 was not. Let's see how this plays out. Please remember, that alternative cryptocurrencies (altcoins) are depending heavily on Bitcoin.

papaya_musical_analysis

ew

papaya_musical_analysis

Have you freaked out already? BTC got rejected by 2019 small bull run high. Fractal of the 2017 bull market would also be rejected by the trend line we just bounced off of. To get the ATH of BTC/M1 BTCUSD would have to go to around 100k. We could have already bottomed, or soon will. Manage your risk. Take profits when everyone is greedy, to be able to re-fuel in...

papaya_musical_analysis Updated 

There was no retest after this breakout. Observe sharply.

papaya_musical_analysis Updated 

Déjà vu. Will descending triangle become The pattern of this Bitcoin bull run?

papaya_musical_analysis

That pattern (Descending triangle) used to be super bullish this cycle. Is it going to keep 100% Breakout to the upside accuracy? Check out the log charts on my channel as well!

papaya_musical_analysis Updated 

Basic trend lines on the logarithmic chart. I expect the parabolic move to happen somewhere in the green box, hopefully reaching the top band. There might be major retracement while we touch the bottom of the box for the first time; however you have to be prepared for 20-30% correction at any time. Bottom of the box is 4.236 Fib of the 2017-18 run. During this...

papaya_musical_analysis

One week of patience. If the monthly candle closes with dragonfly doji - type candle with body close above dotted line (NFA!) selling flat and buying block of flats in 5 months. If below, diamond hands will be tested.

papaya_musical_analysis

I drew these trendlines about 2 weeks ago and since then the price action run like clockwork. Just used this to load up more on uranium-heavy bags. The white line is from multi-year falling wedge which was tested again and showed strong support. My actual price target is near ATH. I think we will miss the opportunity of CCJ below $20 soon. Uranium is similar to...

papaya_musical_analysis

Cocos/bnb is about to make decisive move as it is going to confirm/reject bull flag breakout soon. The price target confluences with 1.618 Fibonacci golden ratio. Looking for some degen gains.

papaya_musical_analysis Updated 

Helium has just confirmed break-out of the ascending triangle with target pointed out on the chart.

papaya_musical_analysis

Trying to outperform the main Crypto during the bull run is very risky. Unless it is with another Cryptocurrency with solid fundamentals near huge demand zone.

papaya_musical_analysis

As long as we don't see further retracement below approx. 52500 Bitcoin stays in this bull flag with potential price target confluencing with Fibonacci golden ratio.

papaya_musical_analysis

Gold is cheap. Can it go lower? Of course it could. However, I see more upside risk. There is symmetrical triangle building up. I drew potential break-out road for this pattern based on existing trend lines. Share your thoughts

papaya_musical_analysis Updated 

Will bitcoin repeat its move from the previous correction with the descending triangle break-out move to the upside? There is also potential reverse head and shoulders on the way.