quantmaven

quantmaven

This is our first time covering Avalanche. AVAX seems to be starting a new uptrend, that could lead up to $900 by March 2022, when the cryptocurrency frenzy hits retail. If we look at Defillama, the TVL in that layer-1 is increasingly significantly, at a faster pace than even Solana. AVAX has been consolidating for a while now and seems ready to go higher.

quantmaven

In my previous analysis, I shown how Vechain is cyclical against Ethereum and is expected to outperform the latter in the upcoming weeks. In this analysis, I show the Elliott wave count for Vechain. VET recently finished a large triangle for its primary wave 4 and has now begun a massive primary wave 5. I believe we are now beginning the secondary wave 3 of...

quantmaven

Vechain, when measured against Ethereum, is extremely cyclical. The best time to buy VET is when the pair goes above both moving averages, then corrects slightly, looks like an inverted hook as shown in magenta in the chart above. This means Vechain is going to outperform Ethereum in the upcoming weeks, quite significantly. It is not too late to buy, it is just...

quantmaven

Bitcoin's price has been very erratic over the last couple days. When you don't understand what it is doing, odds are it is tracing some triangle, which now seems to be the case. The pattern is either completed or close to be completed with minute E of intermediary B that could be placed already to the left of my E label or soon (as traced in magenta). The final...

quantmaven

I wrote earlier that WOO Network broke a giant triangle on its primary wave 4 and is currently riding an impulsive primary wave 5 to at least 10$ and even higher. We are currently going up on a secondary wave 3 of that primary wave 5 as shown on the chart. Do your due diligence but WOO Network is literally the Robinhood of cryptocurrency with its 0 fee scheme if...

quantmaven

According to our analysis, Solana is set to underperform Bitcoin for the next two weeks. This would mark the low point of a huge zig-zag that began on September 8th. Until then, it is better to not fight Bitcoin and just jump on the bandwagon. With this analysis it's not possible to know if Solana will go up or down, but it's all relative to Bitcoin.

quantmaven

Bitcoin seems to be outperforming most altcoins lately and is on the verge of breaking out an ascending triangle pattern that formed over the week-end that should propel BTC to a new ATH. Seems like a good entry point to sell altcoins and jump in the bandwagon as BTC will show this market who remains the king when uncontroled inflation is knocking at the door.

quantmaven

WOO Network just finished a huge triangle, similar to the one Solana did from May to July before the crazy 10x rally. Woo Network could be a 10 bagger as well. Go read about the project. It is an exchange with 0 commissions if you stake some of their tokens. Also revenues they generate from the trades are going toward buying WOO tokens and burning them, thus...

quantmaven Updated 

Solana is a layer-1 blockchain with a staggering ownership by VCs and insiders of 48%. There are very large blocks of 0.5-3.5million tokens per trade dropping on FTX lately. This means that insiders are selling SOL for USDC or Bitcoin at a fast pace during this correction. I have set a target at $105 for the primary wave C (as shown in magenta), which corresponds...

quantmaven

I cover mostly crypto but it is important to take a look at what stocks are doing in the current environment. Tech stocks finished a set of intermediary impulsive waves in the shape of a leading diagonal (shown in blue)... This leading diagonal went from $165 to $382 and is the first wave of this new bull cycle. By the way, I identified the previous cycle...

quantmaven

Solana completed five primary waves up, from $22 to $215$, with the fifth primary wave being the extended one. When it is the case, Robert Pretcher says the price tend to correct to the bottom of the second secondary wave (see orange line level). From the peak of $215 to a local bottom of $135, Solana finished a primary wave A. Price bounced from $135 to $170 as a...

quantmaven Updated 

Solana completed five primary waves up, from $22 to $215$, with the fifth primary wave being the extended one. When it is the case, Robert Pretcher says the price tend to correct to the bottom of the second secondary wave (see orange line level). From the peak of $215 to a local bottom of $135, Solana finished a set of secondary impulsive waves inside a dynamic...

quantmaven

The yield curve, calculated as the difference between 10-year and 2-year treasury yield, is a great indicator to watch to figure out Bitcoin's direction. When the yield curve steepens, it means economic growth and inflation and when it flattens, it means the reverse. Inflation was not a concern until last year after central banks across the world coordinated the...

quantmaven

The secondary wave 5 of primary wave 5 is almost completed, in the shape of an ending diagonal. Whenever the Bitcoin Dominance dips below 40 again will most likely mark the end of this glorious altcoin season we had. I think this might be a matter of days, we will see.

quantmaven

The ETH/BTC intraday spread serves as a risk on / risk off barometer. In my previous analysis, I called the bullish giant triangle shown in green that allowed me to buy at the bottom at the end of July. After, I mentioned two scenarios: 1) the ETH/BTC spread would decouple to trade at 0.18 ETH per BTC in a couple months or 2) the ETH/BTC spread would end up at the...

quantmaven

Charles Hoskinson of the Cardano Foundation revealed two weeks ago that smart contracts are coming with the Alonzo Hard Fork on September 12th. After the launch of ADA on the Japanese crypto exchange platform Bitpoint, the third largest cryptocurrency consolidated between $2.5 and $2.9 by doing an intermediary wave 4 in the shape of a triangle. Price is now ready...

quantmaven

Readers who followed my calls know that I like to look at the ETH/BTC Spread because it serves as a risk on/risk off barometer to the crypto market. Ethereum has resumed its uptrend and is now significantly outperforming Bitcoin. The great decoupling is finally underway after weeks of it doing nothing. As the ratio became almost to the point of going out of my...

quantmaven Updated 

Solana just finished an intermediary wave 4, in the form of a symmetrial triangle and just broke that triangle this afternoon. An intermediary wave 5 just began and should propel this rising blockchain to a target of 150, possibly in less than 14 days. Why 150? Because this coincide more or less with the price reaching the dynamic channel resistance in blue. Right...