CW23
@t_CW23
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CW23
Alt season is starting. Here is my prediction for bitcoins retracement thru its ABC waves using Elliot wave theory, also based on past cycles. I think bitcoin will bottom at around $37,000.
CW23
Broke out of downward channel. 4hr chart. Retest and now moving up in a wave 3 impulse to carry us past $3 and hopefully to $4 by wave 5. When complete in its entirety this is wave 1 of a larger wave 5 on the macro scale to take us to $6-$8
CW23
Possible formation of symmetrical triangle forming for Ada long term. Testing the high and lows of the triangle. Also could be within a channel with a downward trend. Time will tell. If it breaks the bottom of the channel the triangle theory is out.
CW23
Xrp is bouncing off the bottom of the channel, pinbar candle on the 4 hr is upward pressure now that it has tested the bottom. It will probably trade in this range for a while however a symmetrical triangle is forming and it could be a larger wave 4 pullback in Elliot wave before wave 5 takes us to new ath to round out bull cycle 2025.
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