$BTC
We have now reached the very important key zone on the macro.
Pro tip: when in doubt, zoom out.
We must continue to remind ourselves that #Bitcoin has never had a sustained move below the 200SMA on the weekly timeframe (accumulating under it is different).
$BTC
Let's finally narrow it down.
In my opinion, I am leaning towards the Diagonal idea where we are now looking for an eventual multi-week pullback (although both scenarios are still valid at the time of writing (both the impulse and diagonal).
We just have more evidence of the Diagonal being the highest probable scenario for several reasons:
1. The Diagonal is actually technically complete from a pattern recognition perspective (even if it weren't, another high would still make it technically valid),
2. All A:C/W:Y waves of the Diagonal in hindsight show a respectable 1 to .618 or 1 ratio.
The best way to put it is that the impulse scenario is still in the validation stage, and the diagonal is now in the follow-up stage. The diagonal is a technical completion in regards to pattern recognition, and the impulse is just an assumption.
$BCH
#Bitcoin Cash is now officially up 150% from the bottom of our wave E.
Not only has it established the bottom with confidence, it has also sustained the rally above the BD trendline for nearly two months straight.
$BTC.D
#Dominance shows that the Altseason is not done.
Plenty of variations on how we can extend the bull market. The move down could really be anything - from an impulse, to a simple ABC. The chart shown below is just the boldest route, where we milk it even deeper w/ a WXY.
$BTC.D
The #Bitcoin Dominance is still following our projected path.
The market is still clearly interested in Altcoins for this final phase of the bull run, as they would provide the best ROI.
It's a bit too early to say how the move down is playing out (W1, ABC, or WXY).
$ETH
#Ethereum holders will be treated fairly for the remainder of this cycle. A retest of ATH, and even a 5-digit $ETH is still possible.
As for position sizing, I’ll be accumulating $ETH aggressively in the next cycle, much like I did with $XRP.
I have all the patience.
$BTC.D
It was bound to happen at some point.
#Bitcoin Dominance is still only in the beginning phase of the drop.
We’re in the heart of the biggest altseason of the cycle, and even the bears are starting to admit it.
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$BTC
As suggested, #Bitcoin is still on track to leave everyone on the sidelines once this overall correction finishes. The pullback should remain shallow in terms of Fibonacci depth on the macro. As for the corrective pattern, it still shows either a ZZ Family or Flat pattern.
$XRP
Global interest in #XRP has returned to its mean (average) value, and this is happening as price remains near all-time highs. This indicates that both price and attention have completed a full cycle, which is a remarkable development.
$XRP
Medium Timeframe Analysis
#Ripple's #XRP is still well within bullish territory, with no medium timeframe 1-2 scenario being close to invalidation.
It is incredibly bullish as long as we stay above the previous regional low at $1.60.
New ATH's look imminent.
$XRP vs. $ETH vs. $SOL vs. $PEPE
The proof is in the price action. The Elliott Wave Theory doesn’t sugarcoat anything.
We may be witnessing a major rotation and disconnect for the first time ever this cycle, with $XRP leading the pack.
Many of these coins broke their structural support other than $XRP.
$ETH, $SOL, and $PEPE (and many more) appear to be stuck in an ABC correction as the highest probability, and $XRP seems poised to launch into a 5th wave.
Don’t get me wrong - I’m not saying they won’t survive. I’m saying their run could happen later, as this cycle currently seems heavily centered around the $XRP narrative at this point.
$BTC
Here is a detailed 9-minute video on how #Bitcoin is slowly but surely achieving the larger degree wave 3 expansion as discussed previously. The micro timeframe waves are unfolding as expected with slight variations from our prior ideas, as well.
At this point, two clear scenarios remain for how we could reach new all-time highs through a larger degree wave 3.
$BTC
Diagonal is now achieved for wave 1, working/completing for wave 2, and getting ready for the expansion for a wave 3.
There are a few ways to adjust the termination points of the diagonal, but overall, the idea is the same.
We should be working for higher levels, soon.
$BTC
Step 1 is mostly complete, and assuming no fakeouts, we should now form distribution before moving on to Step 2.
1. Diagonal (minimum expectation complete) ✅
2. 1-2 pullback (distribution into pullback confirmation)
3. Expansion via wave 3 (must break $88,000!).
$XRP
In this 13-minute video, I take another deep dive into why Korea could be propping up #XRP’s price at these levels from a technical analysis standpoint, and why another dip won’t be a big deal. I also connect it to Elliott Wave Theory. Enjoy!