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Solely based on pattern, and my assumption we are in a wave 2, before the big push, higher, I look for GME to get pounded, down into the single digits, targeting sub 10 before either taking off, or further subdividing in Ending Diagonal Fashion, before eventually reaching 6-7 bucks, in May.
And, MACD is the reason. We got our High print where I count an intermediate (3), and now we are working on negative divergence to the upside, BUT we have not gone higher in price than the wave (3) peak, SO I look for some sort of Ending Diagonal that could last a few weeks, before DWAC sells off, again. Best, Cuz
Be bearish when everybody is bullish, healthy correction wave c of 4 where after we will see 5th wave to the upside. This C wave might be shallow as there is lot of liquidity inflow.
One of the Bitcoin scenarios After the formation of 5 impulse waves from the largest wave 3, it falls in three corrective waves, and their targets are shown on the chart. The model is activated by breaking the red.
One of the Bitcoin scenarios The end of the correction in the fourth wave in a flat pattern, and the beginning of the fifth five-point wave.
One of the scenarios Bitcoin falls in wave E of the triangle, then an epic rise to the 90,000 areas. The model fails by breaking C of the triangle. To confirm the scenario, visit E
I have adjusted my wave count to account for the continued upside. There is an ascending channel that is guiding price. Note the mid-channel line also acting as an important level. I don´t see trades at these levels, and will wait for pullbacks.
Divergences have been observed on multiple time frames for BAC and basically $IWM. Unless it keepes extending, the top is most likely in. The drop below the 36.8 area would confirm that.
AMEX:IWM TVC:RUT CAPITALCOM:RTY small caps hit major resistance (the yellow zone) and finished the day with a shooting star candle. More downside is needed. This syncs with other indices NASDAQ:QQQ AMEX:SPY
Don't be fooled by the 4.6% gain on Mar 28 (last trading day of March). Unless it is followed by another day of further upside, I believe that it would need to go down more to finish the WXY correction. The same pattern with the IWM and other small caps.
Elliott believed that every action is followed by a reaction. Thus, for every impulsive move, there will be a corrective one. The first five waves form the impulsive move, moving in the direction of the main trend. The subsequent three waves provide the corrective waves.
I marked the price that Pepe can see in the picture, but the best time is when the roof of the channel is out
SOL´s uptrend has been running as expected, and I believe there´s still some more upside left before a larger correction. Dips in smaller timeframes are for buying.
If the miners can finally break out of a long-term corrective triangle, then there is potential for an 80%+ move over the next few years.
price is back where it was after fed last dovish fomc speech it ignored latest waller hawkish comments first 12345 then abc correction - price now testing big h4 resistance zone
Hey guys, Cryptos are bullish no doubt, but I am just wondering if 70k on bitcoin, will be strong resistance in the short-term, now when NVIDIA is coming down a bit. I see nice support for NVIDIA near 800. Not sure if we will see this level, but it looks like that correction on stock is not finished yet, so possibly there will be a delay on new break higher on...
Master of Elliott Wave Analysis: March 28, 2024 Hi mate, it seems like Bitcoin has reacted positively around the support level of $68,507. The immediate bounce off that support level is a positive sign, but I'm pondering about the current wave count. It appears that the short-term target based on my wave count will need a slight adjustment, and I'll be looking...