✴️ Ordinals | Grows 2,337% In 86 Days

18. Dez. 2023

I love Ordinals.
I love everything Bitcoin.

Here we have a very interesting chart for an amazing project.

You can ignore the wave count on the left as this is a complex correction, the count there is for appearance only. When it comes to the predictive power of the Elliot Wave Theory system, we have enough when we can spot a perfect 5-wave count.

This 5-wave count can be seen perfectly depicted here as a 5-up wave.

👉 Ordinals (ORDIUSDT) grew 2,337% within 86 days.

The peak 6-December is likely the top based on the simple fact that we already experienced massive growth.

We have the 5-wave count, highest volume on wave 3, check; decreasing volume and finally a bearish cross on the MACD:

➖ Bearish cross as the MACD comes down from an All-Time High.

The RSI peaked 7-Nov which means we have a months long bearish divergence as well...

This is all pretty standard.

If the correction turns into an irregular one there can be a slight higher high before lower prices. Regardless of the near short-term, a correction is expected to develop within 1-3 weeks maximum but in truth it is already happening.

Thank you for reading.

Namaste.