
ThePennyMan
@t_ThePennyMan
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ThePennyMan

Very surprised at how obvious it is to read this price action on XRP, tells me there's a lot of attention/people and volatility involved with this. Expecting to finish a small wave 4 before a decent breakout. Overall Wave-Count Confidence: Average

ThePennyMan

Seeing a few of these easily identifiable trend changes, expecting bears to likely fight the first bullish move back hard after hitting both local high VWAP +Resistance trend line, but after that I suspect swift bullish movement. Very clean chart overall. Overall Wave-Count Confidence: Above Average

ThePennyMan

PENGU appears to have finished a W-X-Y correctional and is beginning a pretty solid new set of impulsive waves on the interest rate cut today. Pretty solid count as a whole, I don't have the long-term wave-count logged here but it does seem to be in the midst of a wave 4-5 transition, so this next move should be powerful but also followed by a formidible correction. Price: 0.35+ easily, unsure of how high it will go Wave-Count Confidence: Above Average

ThePennyMan

HBAR looks to be setting up to make a C wave down to complete it's first impulse/corrective reaction. I'm cautious that we might see one last bullish surge before price breaks down. Wave-Count Confidence: Weak While you can take a bet on the downside, more looking for this to be a good setup in a golden long. if this plays out, the long to follow will be perfect.Now this is a short I'm taking. Updated Wave-Count Confidence: Average

ThePennyMan

Very obvious WXY pattern going on here. Rarely trade crypto, but this pattern is so delicious just had to post about it. No positions taken.Unsure on how low the Y wave could complete, given bullish condition surrounding the market, very likely to just test $50 before resuming uptrend.

ThePennyMan

BTC- First Wave It's so hard to fit this idea in a digestible way that can be viewed well. I've opted to just posting the most relevant part first and as we develop and update our count I'll post pictures till we're out of wave 1. CURRENT STATE: MICRO COUNT - WAVE 2 (5 WAVES TOTAL) We've got ourselves a nice little expanded flat it appears, the 1.618 extensions also line up perfectly with the VPR zone ($27,935) Honestly found my count to be very surprising especially on the eve of such bullish news for Bitcoin. But this is just the technical/wave count view. Our long-term overall price target is still $40,000 for our main count linked in the idea attached. Technical Notes - Volatility we're expecting doesn't fit very well with the auto chart and I suppose I'm a bit to lazy to make the proper adjustments. - No local trend lines so we're flying a little blind on the timeline of this move. - VERY STRONG CORRELATION OF VPR + 1.618 EXTENSION! This means this move is highly likely. Expecting it to happen rather rapidly.

ThePennyMan

BTC - Price will Bleed UP TIMELINE HERE IS NOT ACCURATE MOST LIKELY. Separate posts will be made as we make each micro-wave for short-term predictions on how they'll most likely pan out. Maybe just plan on using this as a long-term guide/hub to all the other ideas I'll eventually link to this original one. It was difficult to find relevant trend lines here so finding a timeline for the expected actions was difficult. The announcement of the largest securities brokers in America coming together to make a crypto exchange is indeed game-changing and will likely spark a significant rapid impulsive 5th wave extension likely to burn out around the $40,000 level. Technical Notes - The first wave was an expanded flat, so wave 4 did not enter the price territory of wave 1. - The ABC count is so incredibly highly speculative just putting in their as an example of some idea of what I expect to see -I do not expect price to follow these blue lines with any closeness, but they do represent the order of price targets I expect us to hit. First Wave This one will be the biggest, fastest, and most aggressive. But very likely will also see the biggest pullback. WE WILL NOT JUST GO STRAIGHT UP! But Very likely minimal pullbacks around the 5-7% range. Will post over the weekend what we're looking for specifically and link the idea here. (Other Waves and notes will be posted here as we progress)
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