/biz/ - Business & Finance

[cryptweeter No.10501522]

As forecasted in my most recent updates, Wave-f is ending around this time and we should be beginning wave-g now. This wave will likely end sometime during September, and will likely end around 6000-4800. The key to look for will be a completed wave-g internal structure (probably a diametric) between the two time targets (Sept 1st-22nd). This time target not only coincides with the end of wave-g, it is also the time target for the end of the larger monthly wave-(d) (in orange). Based on recent news, and a possible positive ETF decision happening around that time, it seems like more consolidation on BTC is likely until then.

At least one of the Direxion ETFs is likely to be approved on September 21st by the SEC. Direxion is a large ETF provider that has brought to market many complex ETF products, and was the very first provider to get 3x Leveraged ETF products approved by the SEC. Their team of experienced and sophisticated financial engineers is very likely to have noticed a shift in the SEC's stance towards cryptocurrency and would have likely been one of the first to present products that capitalizes on that. This highly experienced team would likely have not even proposed this ETF to the SEC had they not been extremely confident that it will get approved, which is why this is the first time they've proposed a Bitcoin ETF to the SEC.

However, it's also possible that the ETF isn't immediately approved, but still the SEC's comments on it are very positive and paint a bright future for a future ETF to pass, which will be enough to ignite a bull run on speculation alone. We will have to wait until September 21st to know for sure what their decision is going to be, but the strong coincidence with that decision and my time target for wave-g points to a positive decision happening on that date, and crypto seeing an extremely powerful bounce that will be strong enough to begin a months-long uptrend.

[cryptweeter No.10501532]

>>10501522
Also many altcoins that have not gone up as much as BTC in the last month will likely see new low prices. It's also possible that BTC briefly makes a new low, but I think it's more likely that the 5800 support will hold more or less and we'll bounce off of that in September. Regardless of how low this goes, it definitely seems like the timing for the end of this correction is perfect for September 21st, and we may be two short months away from an epic bull run that could take BTC to well over 100k, and take many other cryptocurrencies even higher in terms of percent-gains over the following 9 months.

[Anonymous No.10501594]

>>10501522
So you're saying SELL EVERYTHING RIGHT NOW, buy back in September?

[cryptweeter No.10501653]

>>10501594
if that's your thing

[Anonymous No.10501655]

your TA is garbage

[Anonymous No.10501658]

>>10501522
hello fren, are you on discord by any chance?

[Anonymous No.10501689]

SELL SELL SELL

[Anonymous No.10501946]

>>10501522
>Elliot waves

Stopped reading

[Anonymous No.10501965]

>>10501522
what about waves h, i, j, and k?

[Anonymous No.10502021]

>>10501522
I love how this analysis is just an unnecessarily long way of saying: anything can happen, I have no clue what's going on, 50% chance we go up 50% chance we go down lmao

Why even bother?

[Anonymous No.10502033]

>>10501522
Here's an update on your TA. We're about to pull a full 2012 gold deflation.

[Anonymous No.10502044]

>>10502021
kek

[Anonymous No.10502056]

>>10502021
This exactly

[Anonymous No.10502057]

>>10501532
Don't you see alt are ready to get pumped hard in a week or two? with a last BTC leg up before the crash