theansweris42

theansweris42

Extrapolating and counting the Elliott wave structure of the American economic empire from July 1776 to now for shits and giggles using strict Kennedy channelling rules. Red lines represent acceleration channel breaks and Red dots are acceleration channel under-belly strikes; used to infer likely W4 and W5 positions respectively. This wave-count has a major...

theansweris42

I see a HTF bullish RSI divergence for a candidate C-wave bottom (assuming an ABCDE correction). Still range trading territory in the macro but it's game on for now!

theansweris42

This forecast has $500k BTC by October 2022. Sound crazy? It wouldn't be unprecedented. Price made a 1700% move from the W4 low back in November 2013 for a second and final strike of the Base channel under-side. Assuming the current W4 correction ends at the 100W moving average (~$31k) in around April, an upside move from that level of 1700% i.e. on par with...

theansweris42

Using Kennedy channelling to infer the super-cycle Base yields the lower Blue channel shown below. This is rendered on a semi-log axis to account for the huge dynamic range of the price signal. As quickly becomes apparent, the recent sub-wave 3 high terminated precisely at the underside of the Base channel back in April 2021 (z). Notice the structural similarity...

theansweris42

This chart illustrates super-cycle wave 1 and 2 of the Bitcoin lifecycle. Grey dots indicate Kennedy channel loci (selected using the orthodox method) and Grey circles indicate interaction with an extant (still active) channel boundary. I propose that the Grey circled locations serve as critical junctures which are deserving of attention as they typically...

theansweris42

Neo is gearing up for a huge move against BTC. 56x to the first Base shadow boundary from here..

theansweris42

Base candidate established from a leading expanding diagonal W1 and W2 retracement to 78.6%. Very bullish.

theansweris42

This wave-count has an expanding ending diagonal wave 5 at or near completion. A major correction of ETH against BTC is likely if this plays out..

theansweris42

This wave-count has a barrier triangle corrective structure in play with a local bottom on or around 26th December. Price will then tease with another high before retracing again for a final E-wave low. Higher-highs on significant volume not likely until just after April 2022.

theansweris42

This is my first pass at a wave-count for the correction. This wave-count has an ABC correction in progress with a ~$42k low in mid to late December. It assumes that support by the 50WMA (Red) forces price into a triangle which ultimately breaks to find support at a confluence of a strong S/R level and macro 38.2% retracement.

theansweris42

Candidate bearish Base established. Near-term corrective rally to ~$4628 followed by a bearish impulse for wave 3. A move above $4775 invalidates this wave-count..

theansweris42

LTC is setting up a succession of bases against USDT and is getting ready to rally hard imho.

theansweris42

Support @ the 50 week moving average (Red), 88% retracement and bullish RSI divergence at the bottom of a candidate Base channel give me very high confidence that DOGE is ready to rally any time..

theansweris42

This is my preferred wave-count for the corrective structure in play on BTC. The tell for this being an ABC are the peak momentum points which occur twice within the overall structure and signify Wave 3 occurrence. As an ABC structure is composed of 2 motive (5) waves and a mid-point corrective, the W3 points observed here likely correspond to A.3 and C.3...

theansweris42

Probable pullback of ETH against BTC until mid to end of January. This counterfactual has ETH in an ABCDE triangle against BTC and just about to start it's fifth leg down for Wave E. A very large divergence is about to appear (12h).

theansweris42

4h bullish divergence alert @ deceleration channel centre-line and 50% retracement

theansweris42

Gold-pegged stablecoin PAXG (and by extension Gold) is indicating a strong bullish divergence (daily) against BTC at previous support. A very deep retracement (100%) makes the likelihood that this is a Base candidate ambiguous but I wouldn't be surprised to see a rally soon. No trade entry until price breaks the (Red) deceleration channel though.

theansweris42

Nesting bases indicate BTC is primed for a break-out against USDT *any* time now.