So here we have 2 paths I think this might follow... Green path illustrates the main count with E already finished and assuming we will go up soon to make wave (2) and retrace quite a bit to create a bit of havoc on the market. This has the potential to play out within the next few weeks at the most, followed by an ALT season. The red path on the other hand...
Up for B IMO. We just finished wave 5 with a double bottom (truncated 5th). Could be a decent LONG entry right here if lower timeframes indicate it is good to do so: Basically just replicating the subwave structures and verifying if we have confluence. Safe trades to all.
This coin is curving nicely right now. I see how it could easily go fetch a 300% gain after a bounce off that daily support (blue line). The next Order Block Resistance is over the $2.00 mark. I did not count waves for this but there is huge potential there technically speaking. These are the types of setups that make for long and profitable swing trades. Trade...
For a new coin, this is making surprisingly nice waves. I have laid out what I think is the initial impulse of this coin. And while I labelled where it could end, I will be looking for a long on the retrace after the move is done. Once it is, we'll be able to fib retrace and pinpoint a LONG entry. I'm not comfortable shorting a coin with such a short history...
Changed the wave structure up from the last TA on this coin. I never assume a triangle before it becomes obvious, these corrections are more complex and not as prevalent as ABCs or combos. Most of the info is in the chart, I do expect a bounce at or close to the Apex of the triangle. As for entries & targets, I'll leave that to you ;) Safe and happy trades to all.
No Peter Schiff, Bitcoin is not going to ZERO. Crypto isn't dying. I've laid out bearish (red) and bullish (green) scenarios out in this chart. I'd also like to point out taht the bearish scenario could go a lot deeper, be it with a wick or a diagonal, but there is decent support between the blue lines that should give us at least a bounce. I have a slight...
We might get a mini bounce very soon but this small noise should be ignored and we should be gunning for another lower low in order to long. At the very least we should get a bounce into wave B if not an impulse. Always got to keep in mind that corrections often take much longer than we think and we always have to keep in mind that we are too zoomed into a coin...
$PLANETS looks like its dying a slow death. But I don't think its the end. The project is beautiful and from an FA standpoint its just getting over a few road bumps with some of its sensor manufacturers. From a TA standpoint, it should curve over and form a bowl, then breakout at some point to make a new ATH buy the end of this cycle. I placed the waves as though...
This coin has been stuck between $0.15 and $0.65 for ages. This ranging accumulation will lead to a massive breakout at some point, we may already be in the early stages of the next impulse since late February, but only time will validate or invalidate this count. Right now this is the best count I can see. Safe Trades.
So, this ABC could be done. or it could continue to .786 (around 0.67$). I'm actually quite impressed this coin didn't correct as much as the others...it could mean significant strength in the grand scheme of things. We had a good sign that the correction would take longer (not only for ADA but across the board when it broke the trend line that started in late...
Triple top, channel breakdown. This mini alt season was in the cards as per my previous analyses. Eventually we will find a bottom and I will be updating this Idea further down the road when I think that will happen. Safe trades to all. Take profits, protect your capital ;)
"Don't short the Rune" is in vogue at the moment. Thor's chain has seen its bottom. If you disregard the following... -Bullish divergences -Complete corrective EW structures. (ABC running flat in this case) -Greatly reduced bear volume at the bottom ...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H...
$JASMY - Updated count. Still a ways to go. Don't get caught buying the top of this move because it will wreck you. I see us finishing out subwave 5 of wave 3 very soon. After which we will correct significantly in wave (4) (back the the same level of subwave 4). This is a very typical correction target in Elliott Wave theory. Safe trades to all.
I've been looking at this chart for a few months now and nothing is leading me to believe this is anything other than an ABC Flat. Although I'm not 100% convinced the target (blue box) will hit. I still think we need another wave down. Where it stops, only time will tell. Safe trades to all.
This was the original Idea. Now that we have a bit more PA to work for, we can try to establish new targets for this wave structure (which I've highlighted in the box). I,m still not 100% clear on the waves here, but assuming higher degree wave 3 is already in, we can elaborate maybe an extended 5th to the 3.618 fib range. Safe trades, don't forget to take...
Noteworthy here that in the case of triangles, the last wave (E) rarely aligns with the AC diagonal. It either goes past it or falls short on most occasions. I'm leaning towards it falling short in this case. Which is good news for Alts. CT is mostly bearish, which tells me we are probably bullish here on the market as a whole.
I posted some TA on this coin previously, stating that it had gone down 90% since its listing on Binance. But it looks primed to launch again... Lets see how this plays out, but I think our subwave 1 is finished here. Safe trading to all.
I've marked this move as done, but that is one of two counts. I usually like to see 3 touches on the trend line of 5th ending diagonal. We are in 5 of 5 of C at this point and I'm very excited about this coin's bounce. I might dump a bit into this long term play. If we zoom out a bit, on the daily, we can see a lot of divergences on many oscillators as well as...