rko1983

rko1983

After a deep WAVE 2 correction, which maybe is done already or will show us another leg down, I expect a WAVE 3 to new ATHs. I will set my SL at the beginning of WAVE 1 as my invalidation point for this count.

rko1983

I know many people see WAVE 4 as completed but based on the channels I expect the whole correction to be a WXY. Going down to 1500. We reached the potential 50% retrace to complete WAVE B in Y. I see a big short down coming now. What do you think?

rko1983

Based on my initial idea - we finally saw the double bottom. I expect a WAVE B Retrace to 0.5 FIBO and the last leg down from there into our WAVE C/Y. Keep in mind this is long term. If I take the channel our target could be be reach March 22. What do you think is going on here? Another move down after the retrace or is a long WAVE 2 correction over and we...

rko1983

Initially I saw this correction as a WXY - now I tend more to this Triangle correction. Which would fit much better into the current market structure from my point of view. What do you think?

rko1983

In a cycle WXY correction I expect WAVE A in Cycle WAVE Y to form the final leg down as WAVE 5 of the A. If this plays to the FIBs we could see a nice double bottom reversal into WAVE B. What are your thoughts?

rko1983

Similar to my BTC analysis I expect ETH to reversal into WAVE Y. Forming a 3 way ABC to the upside. From there I expect a finished WAVE 4 and a final move down into WAVE 5 and the end of the overall ABC correction. What do you think?

rko1983

As an update to my former charts. We are close to the end of WAVE X. Will watch out for confluences based on divergence 15M, 1H, 4H and FIBs. Now I expect a reversal into WAVE Y all the way up with an ABC move. What do you think?

rko1983

Looks like we finished the correction and will move up to WAVE 1. I set my TP to the last WAVE 4 as a potential double top. WAVE count + FIBs in combination with a strong bullish divergence on 1D, 4H and 1H gimme a good confluence. What are your thoughts?

rko1983

As an update to my former analysis. Looks like WAVE 4 endend on point. If the double top forms, the trend line breaks, RSI breaks I will go short until the end of WAVE 3. Hope it will work as expected. Check for confluence on your own. What are your thoughts?

rko1983

We are still in a complex and deep correction of BTC . What I see is a final 5 WAVE move to the downside. We are actually in WAVE 2 correction which looks to me like a complex Double Combination (WXY). We started with a Regular Flat in W followed by Wave X where I still see an Ending Diagonal forming. in WAVE C. I expect WAVE 4 to end directly at 0.768 (this is...

rko1983

I see a WAVE B (Bull Trap) close to finish. From there we will ride a long way down to the downside of the channel. Around the 0.168 Fib I will check confluences to take a short. What is your opinion? Still correction or already next run for the bulls?

rko1983

I expect the end of WAVE 2 (Ending Diagonal in our correction) at the 0.176 Fib. Will search for confluence to enter a short position for WAVE 3 down. High potential to see divergence at MA200 on the 1H chart which will be a great confluence in our trade. Let's see how it goes.

rko1983

As predicted TMV made the first WAVE 1 up after the long correction. Of course this was only a first internal move. Long term we can expect 100 EUR + x I guess. For my swing trading I wait for the end of WAVE 1 and the trend line and resistance level. Here I expect a reversal into WAVE 2 with a 0.618 FIB target in mind. From there, as soon as we have...

rko1983

As you can see we already start a nice uptrend which is aligned with the overall BTC driven down trend. I expect the whole market to make a move up latest tomorrow. This could be a strong move for Chilli. If the Elliot Wave count is right we are ready to see WAVE 3 in WAVE 3. Which is always a strong move. After that we could expect a correction which could be...

rko1983

I'm waiting for the end of this leg down. I expect it to be around 0.92 which would be a nice neckline for a big head and shoulders to come. From here we go all the way up to form our WAVE B in WAVE Y. Potentially to 0.14 - here we would have a right shoulder and an impulsive move down to the bottom. 0.029 as a target which could be on the 21th of July also the...

rko1983

As you can see on the lower time frame we are in an ABC correction to finish WAVE 4. I expect WAVE 4 to finish around 0.618 to start WAVE 5 down. Wave 5 would complete the higher ABC in our Wave 5 Leading Diagonal. This will also point the end of Wave A in our Y. Which means we will see a bullish Wave B coming. Let's see what the market will gives us. What...

rko1983

Based on my Elliot Wave count I see a finished WAVE Y and X in the correction of our last WAVE up. WAVE Y was a regular flat - therefore we can expect a zig zag or triangle in WAVE Y to come. The scenario is also support by hidden divergence on the different time frames 1D, 4H and 1H. Anyways its just my opinion. What is yours?

rko1983

Looks like we see an ongoing or finished WAVE 5 of the leading diagonal in WAVE A of X. IF so we could expect a leg up to form WAVE B followed by an impulsive down to finish WAVE C within our WXY. What do you think? Does this make sense? What is your idea?