MisterCoinlover

MisterCoinlover

no words, just numbers and single letters Alright tradingview forces me to use words. worst case scenario is a zigzag against the downtrend. more likely is that it bottomed out and has started an impulsive wave

MisterCoinlover Updated 

In a few words: This alternative scenario for BTC is mainly based on log-fib relationships. According to it BTC is in wave (4) of its major cycle which would have a high probability to end around $ 3.200. In this case wave (4) would reach the 0.382 (log) of the length of wave (3) which happens to be the exact bottom of wave iv. Please note, this is just an...

MisterCoinlover

For almost a year I am a fan of the idea, that bitcoin is going through a wave 4 correction since its high in May'22. This wave 4 is forming as an expanded flat pattern. A three-part wave structure (3/3/5), which is overall directed against the prevailing trend. At the moment we are very close to the last part of this correctional pattern. In addition to that, the...

MisterCoinlover

Picture the last rallye as potential wave 1 within a new bullish cycle while litecoin is heading to the end of its corrective wave 2. If this plays out you wont want to miss wave 3...

MisterCoinlover

If I am correct in my analysis, Bitcoin is currently in the fourth wave of the overarching trend. If we break down this wave further, the forecast could be as follows: Wave 4 could move as a corrective wave with a typical a,b,c movement. However, keep in mind that the moves in this wave could be far more complex than shown here. According to my analysis, we are...

MisterCoinlover

What the chart above illustrates is a repeat of the wave construction that previously led to the sharp sell-off in Bitcoin (BTC). Let's go through the sequence of events together in a nutshell: (1) Bitcoin price forms a first upward wave that fails just before the short-term resistance band and forms another trough (2) (3) The second upward wave fails again at...

MisterCoinlover

Due to a rules violation, I need to repost this idea. However, those who have already read the idea know that so far it is going exactly as predicted (the dashed lines represent the predicted price movement at the time the original analysis was published): BTC is apparently in the process of forming another top formation. More specifically, the current price...

MisterCoinlover

In my VeChain forecast on October 11, I drew attention to a pattern that was last seen in the VET Coin's price action when it faced a massive price rally in late 2020. As a result of this rally, the VeChain price increased by around 1,350% in just over 100 days. Accordingly, the future prospects for the altcoin could be rosy in the coming months. At least if the...

MisterCoinlover Updated 

The similarities between the current events and those from the end of 2020 are remarkable. In both cases, a new all-time high was reached shortly before and the IOTA price corrected strongly. As a result, the altcoin's price went through a prolonged sideways movement (an accumulation phase). Volume increased significantly in both breakout moves. Both...

MisterCoinlover

After a more detailed analysis, I have now come to the conclusion that the current movements can best be compared with those from mid-July to early August this year. Only what we currently see is happening on a larger scale. What is particularly captivating is the great similarity that the RSI indicator shows in these two marked phases. The good thing about this...

MisterCoinlover

After closer examination, it seems reasonable to assume that the Bitcoin price will go through a short-term correction before a retest of the previous all-time high can take place. At least if past patterns will repeat. Upward sideways movements, where a clear bearish divergence is forming on the MACD and RSI indicators on the 4-hour chart, are typical for...

MisterCoinlover

History doesn't repeat but it rhymes. Mark Twain once said this, and even though he was probably not talking about charts and price movements in particular, the statement is true. Because what he meant then are human behavior patterns and human behavior patterns are reflected in price movements. Now to business. Have a look on the chart an let us compare the...

MisterCoinlover Updated 

Since pictures are worth a thousand words, just compare the Ethereum price trend shown here with that of Bitcoin between 2013 and 2018. I was inspired by a chart I saw at @InmortalTechnique. Credit goes to the owner of the original idea.

MisterCoinlover

It almost seems as if everything is going like clockwork for Ripple. The only positive news that seems to be missing is that the company manages to settle the legal dispute with the US regulator SEC. The Ripple price also shows that something could be brewing with the native altcoin XRP. According to the chart below, a complex head-and-shoulders bottom formation...

MisterCoinlover

I might be just tripping. So I leave this graphic without further comments. Enjoy or don't.

MisterCoinlover

Ignore the scale, as I simply dragged the respective price trends of Bitcoin and Avalanche into an empty field of the chart for a better visual representation. For Bitcoin, this is the distribution pattern from February to mid-May this year. To the right of that, we see the price history of the AVAX token from September to today. The Bitcoin price trend here only...

MisterCoinlover Updated 

In my last analysis of the Ethereum price, I discussed the striking similarities between the price action of the leading altcoin and the BTC price. The bottom line was that this could result in another major market correction. But how does another correction even fit into the current picture of the leading cryptocurrency? I believe I have found the answer in...

MisterCoinlover

What we see on the above chart of AVAX is a beautiful cup & handle formation. The huge increase in volume shows that masses of AVAX coins obviously changed hands during the handle formation. So there was a lot of accumulation here. Most likely in anticipation of the Avalanche price breaking out of its formation this week and reaching a new all-time high. The...