Bitcoin developing a giant cup w/ handle. Handle only dipping 20% with volume falling off a cliff in the handle. US & HK Bitcoin ETFs push supply/demand equation heavily in favor of longs. Keep it simple. Measured move is to $300K by 2025
NEAR has been an L1 laggard, but showing relative strength off the recent low. Could play catch-up over the next few weeks towards ATHs
Bitcoin putting in a brief consolidation prior to price discovery like 2020. The past cycle saw a 3x of prior cycle ATHs, which would put the price of Bitcoin near $200K. If we have a more parabolic rip like 2017, then we go much higher. Either way, strap in.
Broke out of it's ICO base in February which led to a 4x run. Consolidating via flag and looks ready to go for next leg higher. Altman & Draper are backers
SHIB is max coiled and looks just bout ready for round 2. Measured move would be to the ATHs
SUI developing a cup w/ handle which appears to be coming to an end, and showing relative strength on this pullback as well. VCs favorite, probably push this to ATHs shortly
INJ putting in a textbook 10 week base with a very similar shakeout to December. Given how long the base is and the craziness in other parts of the market, I think we head over $100
SUI looks ready for those ATHs. Retesting support and bouncing atm. Bunch of reputable VCs behind this one
INJ getting very tight and looks ready to attempt a breakout. If so, this would be the 5th wave of this major leg. PT = $100
INJ forming a nice base above prior ATHs. Tightening up with volume declining. Getting very quiet on the right side of this base, which is exactly what the bulls want to see. Similar to SEI, think that has the potential for a fifth wave, "blow off the top" kind of move.
Sei has been one of the strongest coins out there and just put in a classic double bottom undercut. Volume declining in the base with RSI reset. Think this has the potential to put in a fifth and final wave
Think we've just established the high and low of the multi-month range for Bitcoin. Expecting sideways price action into the Bitcoin Halving, which is slated for mid-April at the moment.
Another high tight flag for INJ in the making, using the 20 EMA as further support with sell pressure subsiding. Typically get three legs up in the Elliot Wave sequence as well. Time for the "blow off the top" move over the coming week on Bitcoin ETF approvals.
Injective just entered price discovery on huge breakout volume. Ideally we get another 1-2 week base just above the prior ATHs, which would act as another launchpad to FOMO inducing prices...just in time for a "sell the news" on the Bitcoin ETF deadline (Jan 10). Anyone's guess, but just for fun, thinking we spike to $75
SOL had a huge run and looks very similar to ETH 2019. Think we're topping out around here and about to start a multi-month correction as the Bitcoin ETF deadline approaches (Jan 10).
Bitcoin building out an ascending triangle base into the New Year. Given the BTC ETFs deadline is Jan 10, think we're in for a "blow off the top" move into early January. Plenty of room on RSI for a big move that induces FOMO Likely a multi-month correction & consolidation to follow
Injective has been building out a 6 month symmetrical triangle base (long-term cup w/ handle). Volume has declined significantly with price tightening up just above the weekly 20 EMA + 30 SMA. As we're heading into a seasonally strong period (Oct-Nov is historically the best performing period for crypto) and the pattern appears to be nearing an end, this could...
Bitcoin broke out of a 7 month base on huge volume. With everyone calling $40K the local top, I think it pulls back there, bases and squeezes towards $50K. From there, many will be calling for new ATHs, but it'll likely rinse late longs and correct towards lower $30Ks over proceeding months. New ATHs Q3 2024