Chart 1. Dow Jones 1917–1932, weekly bars Chart 2. Dow Jones 2000–present, monthly bars Could history be about to repeat itself? The two charts above show the development of an interesting fractal on the

This is a follow on from my previous post outlining the possibility of a fractal on the SP500 chart whereby the terminal phase of the uptrend that began with the bottom at 2347 at the end of last year

This post presents a potential Elliot wave count to consider for the S&P 500 Index (SPX). It suggests the best of this late-cycle bull market may lie ahead, topping out in 2020. The bigger picture

Ethereum classic (ETC) daily chart showing long-term outlook (click to enlarge) Long-term wavecount The long-term wavecount for ETC is pretty clear and marked in red on the chart. At cycle level, the top

Since my last post, the bitcoin correction has continued to drag on, with a period of extensive consolidation that has patterned out the clearly visible descending triangle marked in orange in Chart 1.

Lots of people are convinced that the bitcoin price is gearing up for a huge lurch down – fear, loathing and capitulation, or something along those lines. Asides from completing the final stages of the

An in-depth analysis of Litecoin has been on my to-do list for some time now. This post uses Elliott waves, Fibonacci analysis and indicators to take a look at the long-term evolution of the Litecoin price.

After all the waiting, the move down was swift and ruthless. It wiped out nearly three weeks of gains in one fell swoop and caught many with a bullish bias off-guard. It seems, however, to provide further

The rejection on the third touch of the descending diagonal trendline couldn’t have been clearer, which means there must be something important about that line. In my last post, I floated the idea of a

Bitcoin price action over the past few weeks remains inconclusive. After being repelled for the third time by the top of the diagonal trendline, price remains trapped in a no man’s land of protracted

My previous analysis of this year’s bitcoin correction, which had the symmetrical triangle that formed between February and June as the B wave of an ABC sequence, has been invalidated by the surge in the

Scalability is one of the defining challenges facing crypto. From Segwit to the Lightning network in the case of bitcoin, to sharding and plasma in the case of Ethereum, the ability to increase throughput

Taking a break from Elliott waves, this post looks at two other useful tools for analysing the ongoing bitcoin correction: the relative strength index (RSI) and Fibonacci confluences. Relative strength

I’ve been puzzling over a long-term count for bitcoin for a while now, wanting to put some thoughts down in a blog. The ongoing correction provides a good opportunity to reflect on the longer-term trend

Despite murmurs of institutional money preparing to enter the cryptosphere, bitcoin has failed to find momentum. In my last post I outlined a scenario of an ABC zig-zag correction with a contracting triangle

This post presents a possible scenario for cryptos regarding the major correction that began at the start of last year. Two charts are shown below, BTCUSD and LTCUSD (both on the daily scale), with details

Some day I will return and write an into to this blog...