Bitcoin USDT I said if it touched pink at any of those times it may dive to 9200 and lower but if it stayed above pink area it would get into highlighted triangle and jump to 9900 and above. BTC stayed above the pink and now is in the triangle in the 9900s. NExt check might be 7pm Chicago time when it hits edge of triangle MAYBE
Im not telling anyone what to do...
The longest over expanded period period's 1.25 standard deviation was crossed and bitcoin has entered its compressionary period to restore the market to a state of potential energy. Trend cannot continue until the 225 period WAVE PM compresses below the 0.7 value, which should result in a sustained sideways move.
This will be the beginning of alt season.
checking back in after last nights video. Had one winner (KEYBTC) with a nice 15% profit. MFTBTC im still looking at... probably on wave 4 still idkkk. still new to elliott waves so if you have any advice/tips.... shoot 'em!
An analysis on BTC and AMD today with an overview on some interesting features on WAVE PM that allow for predicting large moves before the range even breaks!
Some very powerful tools and paradigms are at work here, if you'd like to learn more about the indicators do follow the links in the signature.
Defining trend on the daily chart in order to better understand the expansion and compression of all distributional periods on the shorter timeframes is very effective!
We'll see the beginning of a new short term trend as soon as we break out of the 1h 180 1.25 standard deviation.