Zerkaalo

Zerkaalo Updated 

Bear with me (pun intended). I know I'll probably get some slack from the 5 wave correction counting of wave C. Most people would place the 3rd wave in June instead of May, but a few things suggest me that the 3rd wave down was actually in May: This C wave lies at the 123.6% extension of wave A which is a common area for the Expanded Flat correction. ...

Zerkaalo

I made an interesting comparison between the TOTAL3 (ALT COIN Market Cap, i.e, excluding BTC and ETH) and the BTC Market Cap. As you can see this ratio just broke the 2 year descending channel with big volumes, projecting a 1:1 capitalization between the two. Heres are some key notes: The RSI and MACD bullish divergences also suggest a strong trend...

Zerkaalo Updated 

Key observations from 3D chart: In june we saw the completion of a double zig zag correction on 5th wave starting from march 2020 Massive bullish divergence in RSI Squeezing Momentum forecasting a big move ahead From the 2W chart we also see MACD aproaching a bullish cross. These timeframes are very powerful. Pitchfork analysis projects 1.618 & 2.618...

Zerkaalo Updated 

Party's over. Now comes the bill. Housing prices have experienced an artificial inflated price surge from march 2020 that needs to be corrected. RSI sell signal MACD just crossed the signal and it's bound to change direction. Stochastic RSI at virtual 0 also signals a possible change to a bear market that is still yet to occur, which often happens at...

Zerkaalo Updated 

Besides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets. Massive bearish divergence in RSI. Price being rejected at the 25 MA, that will most likely lead to a death cross MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes) ...

Zerkaalo Updated 

This 2W chart reveals many interesting things. Price action has been boring but very telling: the 1$ mark has been rock solid for the past 6 months. If we're indeed at the end of an ABC correction on the 5th Elliot Wave, then 3 important crosses are bound to happen for a new bullrun to start: RSI cross with its MA MACD cross with its signal. The last...

Zerkaalo Updated 

TLDR - Longterm targets: 5$ and 9$ ------------- As I mentioned in a previous idea, I believe FTM broke the zigzag correction in october of 22. Historically speaking, the Elliott Wave Theory fits like glove on this token, so my selling strategy will be according to that same theory as well, besides the usual indicators. FTM is a low profile token that...

Zerkaalo

FTM just broke the trendline with a retest after a beautiful inverse head & shoulders. I think now we're going to see the 3rd elliot wave, which is in most cases the biggest impulse, according to the Elliot Wave Theory. In a related post I said previously that FTM would very much likely explode, and that $0.22 was a great level to go long (see my related...