The Dot is the token of the Polkadot network platform, one of the older generation of crypto currencies. It is touted for Web3 interoperability with cross-blockchain transferability. It has a fairly robust trading history since 2020 with an 2021 all-time high of about USD 56. In the subsequent bear market, it traded down to about $3.50 in the Fall of 2023. It has...
The meme coin Shiba Inu is on the rise again early in 2024 with bullish waves developing.
2024-03-11 Starknet STRK Starknet is a coin that has been on major exchanges for only a few weeks. Some analysts speak highly of it, as potential multiplier of our funds. After some struggles getting a footing, it appears ready for a breakout for 2x gain.
Bitcoin has gone through several stages in its 2023/24 bull market. Significant was the completion of a first wave at 49000 dollars, thereby matching the most significant inflection point in the 2022 bear market st the 0.618 retracement level. It was followed by a correction back to 38500 the following week in January 2024. Since then the market continued toward...
2024-01-17 The Avalanche token AVAX was created about September 2020, and began trading on exchanges about a year later, after an investment of 230 million USD by an investor group. The all-time high of the token is US$ 147.50, achieved shortly after its listing. Since then it has been trading downward alongside the general crypto winter of 2022 to a low of...
2024-03-12 SOLUSD (Binance) I haven’t found much on Elliott Wave work for Solana here on TradingView and that is probably why I have been asked about it. So here is a quick view. The chart is really similar to Ethereum, in that the 2022 crypto winter bottom extended long into 2023 in form of an Elliott triangle correction in wave four of the Solana Cycle wave....
In the middle of January 2024, it appears that the 2023 bull market of bitcoin has found a meaningful apex with the completion of a five-wave Elliott wave sequence on top of the base structures for a bull market supported by the bitcoin halving event in c. April 2024. This provides an opportunity to review the market and evaluate our model based on accomplished...
Although bitcoin does have an official new ATH, the work isn’t done yet. It was just a tiny wick, with no action or daily close above. Instead we got a huge dump from a flash crash in the major exchanges. Ugh. After a billion dollar flush of open interest, stops, and orders, and after a day of recovery and simmering, the resistance is still palpable as can be...
This study shows the Ethereum market against Bitcoin in terms of Elliott waves on a grid of Fibonacci trend lines generated from major price points of the market. This highlights the distinctive triangular structure of trading for several years after the initial impulse of Ether to a Cycle high price. Ever since printing the initial Cycle wave I, it has traded...
FLOKI is a popular meme coin and ecosystem. Don’t ask me why. I just read waves. Claimed to be 10x or 100x potential in 2024/25.
Vechain has printed a nice rally in its chart that so far has yielded a third wave, currently correcting in wave four. This market may expect to continue its rise in wave five, as depicted.
The Ethereum market has been on fire once again in the year of the fourth halving cycle of bitcoin. Like the alt-coin market in general, it did not enter the bull market until Fall 2023, although it recovered greatly from the lows of the bear market previously. Its recovery was bounded by a large Elliott triangle formation that allowed only large swings in price....
Bitcoin has printed a two-year high, and established itself above the 50000 USD mark. The next leg up is in preparation. For this to happen, this market needed to extricate itself from the long trading channel that had supported it since the end of the 2022 bear market. Channels are useful, until they are no longer, but still fulfill a little bit of support while...
2024-02-12 Helium Elliott Wave History Helium has had a nice run recently appreciating its price about six-fold into the 8 USD range. It appears that only the third wave has completed. A similar run may be expected with a continuation of the bitcoin driving force in the background.
There are still a lot of opinion makers that promote the idea that this rally over the last year is just a bear market counter rally to the 2022 decline from the ATH in 2021. Their Elliott wave counts erroneously label the last year as an ABC, with the C wave concluding any time now. Any time now has been stretched and stretched, and …. and so forth. The 48 k line...
The Vechain project has maintained an active trading market for its token (VET) for several years. With the ups and downs of the larger blockchain sector it has printed the large pattern of an Elliott Wave flat correction on the chart. Emerging from this correction appears a fresh impulse driven by the 2024 bitcoin run.
What can I say? Just opened this chart… nothing doctored. Did helium play a game with the tail?
2024-01-29 In September 2023 bitcoin commenced a sharp rally in an Elliott Wave third wave advance that culminated in early January 2024 in a new 52-week high at about 49000 dollars. This completed wave one of the five subwaves of the larger degree third wave. Immediately following, the market pulled back to about 38.5 k points in a sharp decline typical of a...