We are either just starting to form a right shoulder or we will break down from the ascending wedge we are currently in to form a double bottom. That said the mkt trend is moving in a pattern synonymous with that of a head and shoulders. It's either down to 12.3K then up or up to a max of 17.2k upon confirmation of the head & shoulder pattern. There is hidden...
I'm seeing yet another bearish pattern playing out in what already is a bearish pattern on the MACRO. The fact of the matter is that people with real money during dire times like these are never going to invest in a highly speculative & volatile mkt like crypto when even a safe haven like gold with a 5000yr track record is going down. For arguments sake based on...
I believe we are in a descending triangle, which barring any significant bullish divergence, should be more than offset by the bearish one on the monthly. Although many people keep trying to find similarities with the COVID dump I simply don't see that happening but a dump to the 600 SMA on the daily looks more than plausible and one cannot really go wrong if he...
I believe that YFI is at the wave 4 stage of an EIW. For 1-4 days we will bounce between two lines of support & resistance (23,832 - 27,367) forming a double top and then make our way down to 18.6K
Since we entered Wave 4 the sell pressure is getting the better of the buy pressure (longer wicks on top of the candlestick bodies) Fri - Sat we will make an attempt...
I believe that YFI is at the wave 4 stage of an EIW. For 1-4 days we will bounce between two lines of support & resistance (23,832 - 27,367) forming a double top and then make our way down to 18.6K
Since we entered Wave 4 the sell pressure is getting the better of the buy pressure (longer wicks on top of the candlestick bodies) Fri - Sat we will make an attempt...
From its inception back in 2011, BTC has followed to a T the Elliot Impulse Wave & it looks very likely that it is currently undergoing an ABCDE correction. In all likelihood wave D is confirmed and we are now going to dump to confirm wave E which according to the rules of an ABCDE correction, must be higher than wave C with the latter being higher than wave A,...
