There has been a slight change in counts from the previous update, though overall view remains the same. I thought that 5 waves down are done in wave C and now some kind of pullback on upside should occur. By looking at current price action, the low (what we though was wave C complete as…
Ethereum doesn’t look very different from Bitcoin and they both seem to be doing the same thing. In the weekly chart, we see Ethereum in a complex correction (W-X-Y-X-Z) and ETH seem to be in last leg (Z) or correction which seem to be forming as abc out of which a and b look complete….
So the fresh DXY view seem to be working so far and DXY has completed a 5 wave decline from wave B which means C is complete. Further, we have had a weekly positive close since then which are early signs of next leg up starting. Now, this next leg up could be the fresh…
Everyone is talking about crypto crash given the sudden recent fall in majority of cryptocurrencies including Bitcoin, due to FTX and Crypto.com troubles. Twitter was full of tweets people getting out on a steep more than 20% fall last week in Bitcoin. Some other coins fell much worse. So where does the current situation leave…
As per the invalidation level specific in the previous update, counts I mentioned earlier are not valid anymore. Now I am recounting the waves from a new reference point, which is the swing high of 114.778, made on 28th September this year. We are still in corrective mode as per our previous updates but the…
Dollar index might be in late stage of correction. As per my current wave counts, we are in wave c of last corrective leg Z. W-X-Y-X-Z is a complete complex corrective structure in itself, but there could be corrections within corrections. Considering that, what we are taking as W-X-Y could be larger (W) and X-Z…
Dollar index has been in corrective mode after making the high of 114.77 last month. The fall from that high (marked as 1 in yellow – the second one) was clean abc which made me think that correction is over and we might start next impulse up. We did get some upside but in hindsight…
In daily chart, a clear 5 wave rise up is visible followed by clean zigzag correction. Cardano is just 1 point away from breaking the minor wave b high of 0.416 (touched 0.415 as on writing this). Once broken, we can fairly assume that next 5 wave rise up has started which should take us…
Crypto charts are always exciting to see. Never a dull moment 😇 Dogecoin has been in news due to Elon Musk’s acquisition of Twitter and implications of Dogecoin getting integrated with the platform. This has given a significant rise to Doge in past few days. In fact, it nearly doubled in a single day once…
Nasdaq is looking extreme bearish as per the weekly chart shown here. We can see a long term H&S formation since last 2 years and now Nasdaq seem to be on verge of breaking down from there. We don’t have a close below neckline yet but we can see that the right shoulder has fallen…