joerivdpol

joerivdpol Updated 

Unravelling the Future of Bitcoin with a Combination of Elliott Wave Theory and Fibonacci Analysis As a Bitcoin enthusiast, I acknowledge that forecasting the future price of Bitcoin is a complicated and daunting task. While I do not claim to possess a magical crystal ball, I do possess a deep-seated passion for examining market trends and analysing data....

joerivdpol Updated 

Exciting times are ahead for Bitcoin as it prepares for a potential run towards $36k. Bollinger Bands are tightening, signalling short-term volatility. My Elliot Wave analysis points towards a fifth impulse wave. Along with gold and silver breakouts, a squeeze towards $36k seems imminent, in my opinion.

joerivdpol Updated 

$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing...

joerivdpol Updated 

- ETH/BTC is approaching the end of a symmetrical triangle formation on the daily chart, which began back in July 2022. - The CM Williams Vix and Ultimate RSI indicators suggest that the bottom was established in late March 2023. - Currently, ETH/BTC is testing a significant resistance line that has held strong since July 2017. Additionally, considering the...

joerivdpol Updated 

Bitcoin is poised to regain market capitalization dominance. This usually means that (the majority of) altcoins will initially start losing in their sats value. It is now a well-known phenomenon that venture capital will first pour into Bitcoin. Once people start skimming their profits, it often flows to the other top 10 coins, then the midcap coins and finally...

joerivdpol Updated 

I aspire, and expect Bitcoin to recover and resume its upward movement, with $STX ultimately closing the weekly candle above $0.84. Nevertheless, in technical analysis and trading, wishful thinking is not enough and holds no weight. The key is to identify conditions with a high likelihood of success. Presently, $STX has fallen below $0.84 and is expected to...

joerivdpol

The current price level of XRP/USDT has caught my attention, and I believe it presents a conservative entry point for a swing trade that could be profitable. Let's analyze the daily chart, where the RSI indicates oversold conditions and the MACD indicator is on the verge of a bullish crossover. But that's not all! Another significant development has unfolded: XRP...

joerivdpol

On the daily, the RSI is within a symmetrical triangle, indicating an anticipated breakout by May 11. It would be ideal if STX closes the daily candle above $0.82 today, as it aligns with my previous Fibonacci expectations, as indicated on my TradingView chart (link: ). My divergence indicator shows a divergence based on the commodity channel index and...

joerivdpol

Gold is currently approaching its next Fibonacci resistance level of $2096. Once this level is convincingly broken, the next resistance levels will be $2272 and $2463. According to my Elliott wave analysis, gold has started its third impulsive wave, which is part of a higher degree third impulsive wave. These impulsive waves are typically the most explosive and...

joerivdpol

According to my Elliott wave analysis, Silver is in the early stages of a third impulsive wave, which is part of a larger third impulsive wave. This is the most explosive wave, with significant price gains expected. The recent breakthrough of a crucial Fibonacci resistance level at $24.66 confirms this outlook. With this level breached, silver now has a clear path...

joerivdpol

After carefully analysing all the Fib tools on the hourly chart, I've revised my price prediction for $15 as the most likely scenario for this cycle, ending in January 2024. Looking at the 2 and 3-day chart, it's clear that Stacks has found reliable support at the 0.236 Fib level. Excitingly, we could see $1.57 being tested next week, paving the way for a...

joerivdpol

EOSUSD just broke out of a triangle and found support at the 0.382 Fib Entry levels at $1.23 & $1.27 Price targets: — $1.42 — $2.00 — $2.64 — $3.48 It's time to catch the next wave!

joerivdpol Updated 

It appears that STXUSDT is preparing for an impulsive wave 3. Support has been found at the 0.618 Fibonacci level, and by using Fibonacci extension, the following resistance points have been identified. Although it's just a possibility at this point, $STXUSDT could be quite intriguing.

joerivdpol Updated 

On the monthly chart, bitcoin is now moving around the price level of the 0.382 Fibonacci retracement drawn from the 2018 bottom to the all-time high in 2021. Twice before, this level was exactly the bottom for bitcoin; quite soon after—usually within 3 months—it prompted bitcoin to resume its bull run. Tom DeMark Sequential shows a 9 each time at the monthly...

joerivdpol

The chart speaks for itself, we have broken out of the triangle. In my opinion, we can prepare ourselves fairly quickly for the price level around $35,000. That is, after all, the 0.236 Fibonacci correction level.

joerivdpol

I am so overwhelmingly optimistic that I incessantly evaluate my emotions to ensure that my viewpoint is not erroneous. But how unrealistic is this when #Bitcoin is on the verge of closing its weekly candle at this current price level? We have breached the triangle and the 0.382 Fibonacci level. In recent days, Bitcoin has also established support at the 0.382 Fib...

joerivdpol Updated 

The $23k mark has been broken. Tomorrow is an exciting day. If Bitcoin (BTC/USD) closes the week candle above this price level, then—in my view—a new bull run is a fact. My target: $134k. It's the 1.236 Fib extension.

joerivdpol

The gold market appears to have entered the initial stage of a new, major impulsive wave, identified as the third in a sequence of such patterns. This cyclical trend can be traced back to 1832, with the completion of the first wave in 1980. The corrective wave 2 concluded in 1999, and the first impulsive wave of the current third wave began in 2001. In my...