"Babe Ruth-ing" this one.
Yup, at bat and pointing to the bleachers... It's just too many things lining up. Elliott correction wave, EMA 200... And most importantly price trend.
It is highly looking like the 8400, If/when confirmed is to stage a channel formation (on non-tether charts), or a downwards wedge on tether charts (due to price mitigation between USD and Tether - or just plain out manipulation... That's a different topic).
Anyways, We are currently in an ABC corrective wave after a 12345 impulse up to 12,300.
Here is why this is freaky, if you understand EW, MAs and charting patterns. They all line up, and they all line up on exactly one day. Sept 1st...
Elliot Wave ABC corrective states that from the initial impulse down to A, must be exactly 1:1 with impulse from B to C... The only way the fib zone worked out for a 1:1 ratio is when directed to where both the 100 EMA and the trend line all meet. Sept 1st.
Tin foil hat folks...
Say what you want, but that is three separate points of validation.
*** LONG AT 8400-8500 ***
Yup, at bat and pointing to the bleachers... It's just too many things lining up. Elliott correction wave, EMA 200... And most importantly price trend.
It is highly looking like the 8400, If/when confirmed is to stage a channel formation (on non-tether charts), or a downwards wedge on tether charts (due to price mitigation between USD and Tether - or just plain out manipulation... That's a different topic).
Anyways, We are currently in an ABC corrective wave after a 12345 impulse up to 12,300.
Here is why this is freaky, if you understand EW, MAs and charting patterns. They all line up, and they all line up on exactly one day. Sept 1st...
Elliot Wave ABC corrective states that from the initial impulse down to A, must be exactly 1:1 with impulse from B to C... The only way the fib zone worked out for a 1:1 ratio is when directed to where both the 100 EMA and the trend line all meet. Sept 1st.
Tin foil hat folks...
Say what you want, but that is three separate points of validation.
*** LONG AT 8400-8500 ***
Comment:
9k imminent followed by a small bounce up per 0.786 fib.
Comment:
Based on all the fib extensions for the existing prices, here is what I'm getting:
Should be a very eventful next two months if this is correct.
Should be a very eventful next two months if this is correct.
Oh.. And guess where full retracement is on the corrective ABC wave?
Yup... You guessed it.
So a total of 4 indicators confirming this drop.