quantmaven

quantmaven

NQ seems to have completed a triangle intraday 4h that would have a target of 10K by November 2nd, right in time for FOMC.

quantmaven

Chainlink has been dormant for the most part of the bull market but it seems like it is about to wake up in a significant way. Watch out because once it breaks the giant green triangle, it could 8x easily. Don't sleep on Chainlink!

quantmaven

DXY has been tracing a giant triangle on its weekly chart (see green lines). If DXY reverses now and falls -6.5% as depicted with the pink squiggle above to complete the triangle, this leaves room for Bitcoin to explode to the upside. Every single parabolic run on Bitcoin occured when DXY was falling. The only reason I can think of that would cause DXY to fall is...

quantmaven

Solana finished five waves down to $169 from its local peak of $205. The old support highlighted in green held and now we are in a counter uptrend. Previously, price hovered in a range between $169 and $187. Will it do it again? I'm not sure, I think it could reach the smaller resistance at $182. We will see how this plays out but I don't expect a new low, at...

quantmaven

Ethereum is expected to break either to the upside or the downside very soon. Right now it is teetering with the upper boundary, at the limit of a breakout. I personally believe the outcome will be bearish but I am open minded to see what's going to happen and act accordingly.

quantmaven

Bitcoin is currently doing a secondary wave 4 in the shape of a descending triangle, as shown in blue in the chart above. This means that over this week end we should experience a small uptick and then the bear market should resume on Sunday evening up to December 15th, which would mark the bottom in my opinion with a secondary wave 5 touching 42K again. Why is...

quantmaven

We like the Elrond chart because the Elliott Wave count is crystal clear. It just finished at a secondary wave 4 in the shape of a triangle that broke to the downside. We are now in minor wave 3 of secondary wave 5 to the downside, this is where things unravel and gets unfortunately bloody. I have set two potential targets to watch. In case of a truncation, it...

quantmaven

According to Elliott Wave Theory, Elrond is now in a bear market that should last for a while... We have clear identifiable five waves, with the last one coinciding with the unveiling of the $1.29 billion program for the DEX Maiar.

quantmaven

I previously wrote that WOO Network had great potential to 10x after breaking out of its primary wave 4 triangle. Unfortunately, it didn't pan out the way I thought. I still made great gains by buying it at $0.95 and selling at $1.35. Now it has broken the long-term trend so it doesn't look that good anymore...

quantmaven

It's a fact that the minimal viable trend on TOTAL has broken on November 18th, as shown with the yellow bubble and the blue line. This similar line has not broken yet on Bitcoin, but it did on Ethereum and a bunch of other altcoins. I'm not trying to scare anyone but to stay grounded and cognizant that there are serious cracks in the rally that begun in July....

quantmaven

Fantom seems to have finished 5 primary waves. The trend of each wave is shown in purple. Every time this trend was broken, a bear market ensued.

quantmaven Updated 

Synthetix appears to have bottomed when looking at the long-term view and has now began its 5th cycle wave that could propel its price as high as $200. However in the short-term it's slightly bearish before resuming it's uptrend.

quantmaven

What TechDev and other crypto influencers fail to mention is that the three previous "blow-off" tops on Bitcoin were backed by a lower US dollar. The US greenback is rising in anticipation of higher interest rates in what could be a possible primary wave 5 as illustrated. It did the same in 2014 with a primary wave 3 before the Fed began its hawkish monetary...

quantmaven

I told over the last couple days that the bearish channel is extremely important, as long as price stays inside, is it way too dangerous so better sell and wait on the side lines. Inside the bearish channel, Bitcoin price is tracing what looks to be a descending triangle. It is not clear if the triangle is over or not, but the final resolution of that pattern is...

quantmaven

It's simple, as long as Bitcoin price is staying inside that bearish channel, the risk is too high for another leg down so stay aside. The moment Bitcoin price breaks outside the channel, go long.

quantmaven

Bitcoin is evolving inside a bearish channel since its top of 69K. This morning, Bitcoin tried to break out of that dynamic channel but without any success. I sold all my positions and I'm waiting for a clear confirmation of a breakout above that channel, or else price is going to 53K in the near-term. If price goes to 53K, this may just be the start of the bear...

quantmaven

According to the Elliot Wave Theory, price cannot go lower than the previous top for the impulsive uptrend to remain intact. That level was reached today around 3950 and price bounced quickly off that level. You can see my yellow line. The only bullish alternate count I can think of that would slightly breach that level and remain positive is an ending diagonal,...

quantmaven Updated 

Now that time has passed, I have a higher degree of confidence that Bitcoin is doing an irregular flat 3-3-5 correction. We are in the the "5", impulsive part of that structure, finishing the minor 4 so we can do the minor 5 of intermerdiary 2. Unfortunately this means we are most likely going to from 64K to 60K early this week. However, the support should hold...