⚠️ALGO Has a Very Bright Future! ✅ One #Crypto Everyone Should Own!

本站添加: 2026-06-01

[00:00:00]The crypto fear and greed index is currently sitting at 33, still resting within the fear category.

[00:00:07]>> Illuminati.

[00:00:08]>> Crypto sentiment is sitting at 31 with the 7-day average sitting at 33.714 within the bearish category. And jumping over to take a look at the top 1,000 cryptos by market cap, we see something very, very sad. When looking at the monthly, BOBO'S GONE.

[00:00:27]>> BOBO.

[00:00:28]>> [screaming] >> ALTHOUGH IT HAS BEEN A VERY GOOD month with nine out of 10 categories currently resting within the green. And the 601 to 700 category is still up 577%.

[00:00:42]When taking a look at the yearly, only two categories are still in the green with the 201 to 300 category still being up 1,845%.

[00:00:53]And after being in this bear market for so, so long, you decide to celebrate after seeing your first few green candles by making yourself some green Jell-O, only to find out later that >> Green JELL-O SUCKS.

[00:01:09]>> BOBO.

[00:01:10]>> [screaming] [screaming] >> AND AS ALWAYS, THIS IS not financial advice and is nothing short of the rantings and ravings of a man who in quoting the lead singer for the band Green Jell-O, formerly called Green Jell-O, who once said, "The moral of the story is a band with no talent can easily amuse idiots with a stupid puppet show." Which when you think about it sounds a lot like what the government does. But do me a favor and hit that like button before we get started really quick. I would really appreciate it.

[00:01:48]Now first off, jumping over to take a look at the Algorand chart, this is the monthly chart, we see something very interesting on this chart. And looking at this going all the way back since it first started trading and looking forward to what the future could potentially hold, Algorand is telling us something very, very interesting. The first thing that we can see is if we come in here right now and pull a couple of trend lines, as it sits, we are seeing a very nice descending wedge pattern on the monthly chart. Which when using the standard measurement for these in order to get an idea of how big the potential breakout could be, we can do something similar to this.

[00:02:34]Just to give us a general idea. That looks very interesting. Another thing that we'll notice is how Algorand generally tends to take liquidity, testing those liquidity ranges, and removing them from the charts, and replacing them. We can see after setting this low right here, we had this prevailing sell-side liquidity point right here.

[00:02:57]When price came down into this area, it swept that previous low on the chart.

[00:03:04]When we look at the chart right now, coming off of this previous low right here, after sweeping this low, coming down into this area right here, it did the exact same thing before moving into the breakout that we're currently trading in. So, if we look at this chart from a liquidity perspective, we can see that we have a prevailing sell-side liquidity point right here on the chart.

[00:03:29]And we also have a prevailing buy-side liquidity point on the chart right here, as well as right here.

[00:03:36]Now, there are some smaller liquidity points here, like this one here, this one right here, and this one right here. But, we're basically just going to focus on these main points of liquidity in this particular video. Now, dropping down to the weekly chart, we can see once Algorand first started trading here, it basically completely broke down, setting this low right here. Price then traded up in a five-wave move to the upside, setting this high right here, then traded in a five-wave move to the downside right here.

[00:04:13]This area is very indicative of what we would expect to see for a wave four, as well as this point right here. If we take a look at the charts where we're currently trading, after setting these lows in here, price came down and swept them before breaking out into this current breakout that we're now seeing. So, if we zoom in on this chart and we know this was the end of a five-wave impulse right here, what we see right here on the chart is a three-wave move up and a three-wave move to the downside, which is a very interesting pattern overall, because it set this high right here, and it set this low right here.

[00:04:57]Price came up for this first wave, set this general area, came back down, set this general area, came up, took out this line, completed this three-wave move pattern, and then moved into this ABC zigzag to the downside, bouncing back into this line here, coming back down and breaking below it right here.

[00:05:20]All in all, what this looks like to me, if we really think about this chart from a more of a long-term perspective, this right here looks like an A, B, C. Now, we know when looking at this chart that we have a three-wave move to the upside here in the form of a zigzag.

[00:05:40]We have a three-wave move to the downside in the form of a zigzag, which means it's very likely that what we're going to see next is either going to be a flat or an expanding flat. Now, with this being a wave one here coming down for the potential wave two, what we could end up seeing is a wave three, four, and a wave five.

[00:06:05]Eventually forming what could be an inverted head and shoulders pattern.

[00:06:10]Coming down for the correction right here to retest this upper trend line, then moving up in another five-wave move to the upside, which would then also be followed by another correction for the wave four, followed by the fifth and final wave, which would also be a five-wave move to the upside. Eventually moving up beyond this liquidity line and taking out this previous all-time high right here. And by doing this, it would essentially be giving us a wave A, down for a wave B, and up for a wave C.

[00:06:49]Now, there is a chance that rather than being an expanded flat like this, it could also form a flat to where it comes up and basically sweeps this liquidity. But, I think the most likely scenario is that it's going to come up here.

[00:07:07]And if we jump over and take a look at these fib levels coming off here, which would be your wave A, measuring it up here, because when measuring out expanded flats like this, you want to measure off of this wave A from here to here.

[00:07:26]And when we do that, we can see it puts the 1.786 right in the range of that previous high.

[00:07:34]With this being a three-wave move up, a three-wave move down, and ultimately a five-wave move to the upside for the wave C. And when we jump over to take a look at my Elliott Wave cheat sheet, which is available on my Patreon, we can see that the regular flat for the wave B tends to be 90% to 105% of wave A.

[00:07:58]An expanded flat, the wave B tends to be 105% to 138.2% of wave A.

[00:08:09]So, if we come down here and measure out this wave A right here using the Fibonacci levels, and we come in here and investigate this just a little bit, you'll notice with this being the wave A right here, if we dial this in, we can see right here that when price came down setting this B wave termination, that it came perfectly to the 1.05 fib, which would both give this pattern the ability to be a regular flat or an expanded flat. Because as we saw right here, the regular flat can push up to 105%, but the expanded flat starts at 105% to 138.2%, and that chart took it exactly to 105%.

[00:09:08]So, it could be either of these two. And as I've been saying for quite some time, I believe this breakout we've seen since taking out this previous liquidity right here, setting this new low right here, the odds favor this being a wave one, of which we're going to continue to see a major retracement coming down, not taking out this previous liquidity, then moving up in a five-wave move, which very likely could end up being an inverted head and shoulders pattern of some kind in combination with this three-wave move right here. And if we drop down to the daily chart to look at this previous price action, looking when this low was set right here, moving into this breakout right here, we saw something very similar to what we're seeing now. A breakout, pull down, failed retest, came back for a correction, and broke out to the upside.

[00:10:07]If we look at where price is currently trading right now, we hit a bottom, moved up, came down, failed break, and are now correcting to the downside for the eventual breakout.

[00:10:22]Both of these look very similar to each other.

[00:10:28]And on both occasions, and very well could play out in a similar manner. Jumping back over to the monthly, this move certainly would not happen overnight. This will take a considerable amount of time for this to play out. This would be a long-term perspective.

[00:10:46]But when looking at this as a three-wave move up, a three-wave move down, ultimately getting a five-wave move to the upside and taking out this upper liquidity, this would essentially take price into the range of about $2.86.

[00:11:04]Now, let's say that it played out this way over the next year or two, and we eventually saw price come up to that $2.87 range, where the price is currently trading at $0.1187.

[00:11:20]That would be an increase by over 24x.

[00:11:25]If you had $1,000 invested into this now, by the time this came to fruition taking out this previous high right here, your investment would be worth $24,178.

[00:11:38]If you had $10,000 invested at today's current prices, sweeping that high would mean that your investment would now be worth $241,786.

[00:11:53]Which is an absolutely incredible profit. And if you look at this chart and you think about it, this would end up making a perfect W pattern, which we see very often in this game of trading.

[00:12:07]There's certainly no guarantee that this is going to happen, but I think it's very likely that we are going to see at a minimum a flat correction taking out this high right here.

[00:12:18]But I think that the most likely scenario, since we only have this lower sell-side liquidity remaining, and multiple upper liquidity points resting right here, that the algorithm is going to attack these upper liquidity points, taking them out one by one until [clears throat] it takes this one out right here. Since the lower liquidity is basically completely wiped out when you look at this chart, the only place to find adequate liquidity is resting right here.

[00:12:54]With a tiny little bit of sell-side liquidity right here. And in terms of the algorithm doing its job, which is essentially to seek out liquidity, which direction do you think it's most likely to go?

[00:13:07]>> [music]