


Gold-pegged stablecoin PAXG (and by extension Gold) is indicating a strong bullish divergence (daily) against BTC at previous support. A very deep retracement (100%) makes the likelihood that this is a Base candidate ambiguous but I wouldn't be surprised to see a rally soon. No trade entry until price breaks the (Red) deceleration channel though.
Nesting bases indicate BTC is primed for a break-out against USDT *any* time now.
The alt market looks to be closing in on wave 4.2 completion against BTC with bullish momentum divergence appearing @ -78.2% on the 8h chart. T/A invalidation @ 100% retracement = ~1.027
Deceleration channel break-out, -61.8% retracement, 50WMA strike and bullish RSI divergence signal. Bullish MACD cross about to occur. Very bullish!
Pancakeswap looks to have completed a high-degree W1+W2 with a 94.1% retracement, deceleration break-out and lesser degree W1 in progress. Very bullish indeed!
This wave-count has a WXY correction in progress with a likely low @ ~$20k on or around 24th July 2021.
Daily bullish RSI divergence on my custom MDIV indicator. If you'd like to buy a perpetual licence for this indicator, the cost is presently $500. This includes access to all future updates. The number of $500 licences is limited to 10. The next 10 will be priced @ $1000. Drop me a PM to find out more and to request a 1 week free trial.
This wave-count has a bearish breakdown of the current sideways-inclined channel @ ~$30150. Below this a lower-low is likely. A break-out from the top of this channel increases my confidence in a larger rally.
Bullish divergence appearing on the 12h chart. A near-term bottom is likely in.
This analysis has a running triangle wave 4 in play with the final wave E now in progress. Downside target of ~$55k (50% C/D) on ~6th April before bullish continuation for the macro wave 5.
I see nesting Base channels on BTC and a sizeable bearish W3 move any time..
A possible move down from here for BTC; this wave-count has a bearish motive wave at or near completion. A break of the 61844 level invalidates this count.
The alt-market is setting up for a huge rally against BTC any time now. I see nesting W1+W2 structures with a break-out imminent.
Momentum divergence on the 2D chart.
Looks very much like an alt market bottom against BTC. Alt coins are ready to roar in the new year...
This model uses Elliott-wave analysis with Kennedy channelling to forecast a possible journey to 100k by end-of-2021.
* This is my highest-degree wave-count: ETH is gearing up for a gargantuan move against BTC in 2021 imho. * I have a completed primary-degree Base channel (beginning 28th Dec 2016) with several nesting Base channels of lesser degree now emerging. * Thick lines (Blue, Orange, Red) are 200, 100, 50 week MA. Thin Blue line is 200 DMA. * Invalidation @ 0.02629 on...