theansweris42

theansweris42

Alt-BTC cap ratio has developed a wave 1 + 2 and 'stepped' out of it's long-term deceleration channel at the end of a very long falling wedge. Candidate wave 3 is now in progress which means it's alt-o-clock! Zoom-out to see the whole deceleration channel.

theansweris42

Contrary to my previous TA I now believe that BTC is manifesting a Wave 1 leading diagonal. I expect this to peak at about ~$9044 before a 50%+ retracement for it's wave 2. Once this retracement is complete then the stage is set for wave 3 with a peak at around ~$11.8k.

theansweris42

Initial chart. I'll develop this in time. Very Bullish.

theansweris42

Acceleration imminent.

theansweris42

Nested Base Channels with break-out acceleration. Super Bullish.

theansweris42

Initial Architecture.

theansweris42

The alt market looks to be making a move against BTC. Wave 3 in progress.

theansweris42

Initial architecture. Looking very bullish in the long run.

theansweris42

Analysis using Elliott Wave with Kennedy Channeling. Semi-Log Counterfactual. This analysis posits a B of Y of 4 in progress. Resistance likely to be found at the major deceleration channel boundary (Large Red channel) with support to be found at the highest-degree Base channel shown (Blue).

theansweris42

Analysis using Elliott Wave with Kennedy Channeling. This analysis posits a B of Y of 4 in progress. Resistance likely to be found at the major deceleration channel boundary (Large Red channel) with support to be found at the highest-degree Base channel shown (Blue).

theansweris42

This counterfactual sees BTC beginning wave 5 of a Bearish motive move. I would expect a lower-low with this outlook sometime in late December.

theansweris42

An Elliott Wave + Kennedy Channel (EWKC) illustration of price architecture from Dec '18 to present. USDT pair selected due to highest traded volume. Key observations since last TA. Key: Blue | Green | Red = Base | Accel. | Decel. Observations: The 19 Nov rally was resisted by the Deceleration centre (Log scale) Price was resisted by the...

theansweris42

Now that the deceleration channel in play since Jan '18 is getting more mature it looks to be manifesting a falling wedge pattern. I haven't figured out exactly what the structure of this correction is yet but it looks to be a possible zig-zag . Either way, the culmination of the wedge pattern looks to be sometime between now and Apr 2020 at which time the...

theansweris42

I have an impeccable wave-count down to minute resolution on the October rally which gives me high confidence that this is a W1 with a W2 in progress. This structure is tradeable regardless of whether it is the start of a larger rally or the beginning of an ABC as I can confidently infer a W3 to follow. I intend to trade this once I see a qualifying retracement...

theansweris42

The alt market total capitalisation is finding strong support at the W1 top which lends weight to my current count as a W4 at completion. A break-down below the dark gray box will kill this wave-count. Y-axis is in $billion btw.

theansweris42

I see a lower-low on lower volume for a final 5 of C of Y. A candidate nested W1+2 has emerged so there's a good chance the bottom is in @$7710.

theansweris42

I have a wave 5 of 1 in progress with this count. Possible high around 3287 sats

theansweris42

This chart represents my highest precision wave-count for the current correction. Red bars represent corrective sub-waves and Green motive sub-waves. I have X: 3-3-5 (Flat), Y: 5-3-5 (Zig-Zag), Z 5-3-5 (Zig-Zag). Price is currently in wave 4 of C of Y.