Few days earlier I posted my bearish view on BTC. But bulls still have a chance to get above 100k this year. Price is still moving inside this meme channel, and recently we got a test of the lower channel line. All these "sideways" between 30-60k could be the 4th wave. Depends on how you count it, end of wave 3 either can be in April 2021 at 65k or in November...
As shown, nice bounce off the lows. Five wave structure starting to occur. Would expect upside to at least the fair market value.
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Here is my bearish elliot wave count for SPX 🌊🌊🌊🌊🌊
I've been asked where the correction might end, the true is that nobody knows Just Sharing I still see that we are on wave 4, some people says that wave 4 is over, I don't think so because of two things: First, internal counting, I see we just ended wave B of 4, right now is building wave C wich would have 5 internal waves to the upside. Second, Fibonacci, Wave...
i think this is the most likely scenario for bitcoin. 4th wave, flat and diagonal. you guys have any alternative idea?
If this parallel channel and Elliot Wave count is correct on the monthly chart it looks like Bitcoin may have found its bottom around $25K. I'd really hate to see the price break lower as this seems like such a perfect setup to move higher soon. I continue to hold over $30K and DCA on any significant dips under $30K. I will continue to HODL Long from now until...
Follow up of my last post. These Elliot waves show that if this is some sort of temporarily bottom, this is the end of the 3rd and the largest waves and we will be in the 4th bullish wave in a berish trend.
Target is going to a minimum of $135 and could see as low as 102$. I tend to favor the latter. The stock is currently correcting from a run that started decades ago if you look on the monthly time frame. At a minimum these correct 50%. Anything lower than 135$ is a buy.
I am looking for SOFI to start off the week a little higher and then fall to the mid 6's. Either the end of the week or in early june I am expecting a run to anywhere from 8-10$ tops (depending on the structure of the b wave). And then it will make its final descent back down towards the ATL's. I go more in depth in the videos on my channel.
We are waiting for the break of the trendline to complete wave 5. Pls give a comment if you see this
If we look at the weekly gold chart, we see exactly the pattern of regular flat correction, where each wave is marked as a microwave. In flat correction , C wave will be in the form of a 5 wave, as we see, is doing 3 wave , and after the end of 3 wave , we will have a correction as 4 wave , and then the final 5 wave, which targets can be as same size of an A wave...
I would like to introduce a method I trade with. Many pieces of this have been taken from other great traders although parts are of my own discovery. After reading this post I recommend studying Elliot Wave theory and getting proficient in identifying 5 wave moves. Jim Of All Trades on Youtube is a great teacher in EW. Every chart is traded on two axis. Price...
Hello traders, As you can see after a crazy meeting by our lovely FED president J. Powell, which upped the federal funds rate to 0.75 percent – 1.00 percent by.50 percent, or 50 basis points. The Federal Reserve anticipates that the federal funds rate will continue to rise. On June 1, the committee will begin to reduce its holdings of Treasury securities,...
Bitcoin it is in forth corrective wave. The corrective way is a sideway and create one Running Triangle.
Hi My previous Elliot analysis is expired. In this situation, we are in wave fifth with ABC structure. We have ending diagonal. The Chanel of this structure is so clear. You can sell btc at 39000-39400 with tp around 33000-33400. Have good trade Yours
Market is finishing 1 to 5 Elliot wave theory, and we are expecting an ABC correction to the opposite direction. and an entry after the retrace to our buy zone.
Market just finished 1 to 5 Elliot Wave Theory and we are forecasting it to finish it's ABC correction at 300 level and bounce up. Entry: 300.62 Invalidation: 267 Target: 362