ElectricMonday

ElectricMonday

Hello everyone, the price of BTC is at the apex of triangles in the weekly and daily chart, a decision is about to be made, be it bullish or bearish. I personally expect a bullish movement. Why are my biases bullish for BTC? 1) seasonality, "the Halloween effect": statistically October, November and December are good months for the stock market. A bullish...

ElectricMonday

Hello everyone, I present you my view of the dollar, from a macro perspective. We can see in yellow the largest wave count: 1 to the highest high, 2 (consisting of an ABC) to the lowest low. Since then we have created a structure in which we can count 5 waves (in green), which makes this an impulsive wave and it will have to be confirmed by the breaking of...

ElectricMonday

Hello everyone, I present to you a simple chart of key levels on BTC/USD. We are currently within a price range: 1997 - 1851. There are two possible scenarios: - bullish one, BTC breaks 20k resistance and holds it as support, this opens the way towards 25k, it is possible to follow even 29k; - bearish one, BTC breaks 18k support, it falls towards 16k, it is...

ElectricMonday

Hello everyone, I present my idea regarding BTC dominance and what could happen to alts. As we can see in the weekly chart I compared what happen in the final stage of the last cycle of 2017 with what are happening right now. In both cases after a big fall of the dominance, which led the alts to disengaged from btc, there was a moment of consolidation, let's...

ElectricMonday

Hello everyone, I present you my idea and analysis regarding bitcoin. For what I observe the correction is not over yet and will take us towards 43k, these are the two reasons that lead me to present this hypothesis: 1. As you can see in the weekly time chart bitcoin has not corrected to the 21 weekly moving average for about 6/7 months. In the previous bull...

ElectricMonday Updated 

Hello everyone, I want to share my thoughts on the price of XRP. What do you think? Can someone give me a feedback? :) NB: I am NOT a professional, I am learning from little and I do chart study only as a personal interest and speculation topic, so: it is NOT a FINANCIAL ADVICE everyone do your own study!!!! Happy day :)

ElectricMonday Updated 

Hello everyone, I present my idea about the possible movement of XRP in the short to medium term in comparison with Bitcoin. Bitcoin currently meets in a correction momentum, personally I think in ABC. One of the likely support and reversal points could be around $38,000, whether it is wave A or wave C movement. If the bearish pressure is quite high it could...

ElectricMonday

Hello everyone, I present my analysis regarding Bitcoin. As you can see in the chart i have highlighted the possible scenario of a correction in ABC with relative targets. It is likely that before forming wave A, Bitcoin will retest one of the retracement levels of the last movement, indicated by the pink circle. From there i expect a fall to around 38,000$...

ElectricMonday Updated 

Hello everyone, as you can see in the chart XRP, after the pump, has fallen to reach the trendline, previously resistance, which now seems to act as support. The same point corresponds to the typical fibonacci retracement level, 0.702, now acts as a support. Can this scenario be considered as a bullish setup invalidating the hypothesis of a possible major...

ElectricMonday Updated 

Hello everyone, this is a comparison of the current cycle with the previous one in 2017, as you can see in the chart. If the cycles repeat similarly xrp should be in the first wave towards 60 cents, a possible second wave would take it down towards 30-20 cents, then start the third wave towards a new high. Obviously this is just a speculative idea, one of the...

ElectricMonday Updated 

Hello everyone, we are close to a very good daily close for BTC! I expect a retest of the 50,000 and most likely a breakout with a move to new price discovery. Analyzing the market in previous bull cycles and comparing it with the current one, I think the price will come in a range between 52,000 - 56,000. (error in the picture) Thereafter I expect a larger...