Hi everyone. Common Counting Errors: What I am trying to tell you is that wave 4, breaks the guidelines, unfortunately, Almost all ideas (wave 4=$ 35400) are wrong! Logarithmic scale = just better visualize exponential growth!, Proof: wave 4=$ 35400 = More than 63% Retracement of Wave 3 and 50% of the time! Wave 4 Ratios: Wave 4 is related to Wave 3 by...
Hi everyone. As you know, There are 3 orders of simple patterns of waves, also, there are 13 variations of simple patterns: impulse, ending diagonal, leading diagonal, zigzag, double zigzag, triple zigzag, regular flat, expanded flat, running flat, contracting triangle, descending triangle, ascending triangle and expanding triangle. Zigzag (5-3-5) A single...
Hi everyone On Feb 17, I suggested that there are two scenarios: Scenario No. 1 (Five-wave-move, Stop loss= $39500) Scenario No. 2 (Three-wave-move, BTC < 39500), Scenario No. 2 This pattern is a 3 waves corrective move labelled as ABC. we can see two immediate wave count possibilities (Wave B and Wave c) Wave B: Target =37800 (BTC < 37800 ---> Stop loss...
Hi everyone. A Possible scenario is shown in the chart. Entry= $ 39800 Target= $ 50000 (25%) Invalidation level (stop loss) = $ 39250
Hi everyone, Bitcoin Tests $ 40,700 Level as Russia-Ukraine Tensions Weigh *** In today’s market, Five waves move still happen in the market, but (due to Russia-Ukraine Tensions) market can keep moving in a corrective structure. Technical Analysis Section: it's not yet clear whether the decline is of a short term nature or something more (ABC), But: ...
Hi everyone. As you can see in the chart, Wave A = $ 35400, what might this be? Motive phase (Wave 2, Wave 4)? or Corrective phase? A More Realistic Wave Depiction: 1- Wave A= Wave X = Wave 2 (incorrect) 2- Wave A = Wave 4 (incorrect) Wave 4 is related to Wave 3 by one of the following: Wave 4 = either 24%, 38% or 50% of Wave 3 Wave 4 = 35400 --...
Hi everyone. The crypto market declined this week. but, not very much. On thursday, I suggested that there are two scenarios. Russia-Ukraine Tensions: Personally: What are the chances the Russians will ""actually"" attack the Ukraine? Answer: Zero (Fake news- War News- Too important to ignore). Scenario No. 1 All needed information is now available (at...
Hi everyone, On Jan 24, I pointed out that the BTC "had reached important support levels in terms of both trendlines and Wyckoff’s Law". The price has received support at the bottom. It has also been able to break 40k. A Possible scenario is shown in the chart . Now, market is in full control and the uptrend is obvious to everyone. Appendix Bottom (Jan 24 ...
Hi everyone As you know, Price action and Volume will show where the phase ended. also, Fibonacci gives you a great indication where the market turns back. Where do I get in? (Bull market) after consolidation, near the level of $ 36000 (Fib 0.5 ) RSI (weekly)
Hi everyone, On thursday, I suggested that "BTC seems incredibly bullish (If the market holds in (the $ 35200- $ 36000 ) area), (Waves Personality (2)) Technical analysis section: Third Wave Extensions Target 1= $ 46000 Stop loss= $ 38500 Often seen in wave 3 for stock (cryptocurrency) market, Often seen in wave 5 in commodities
Hi everyone, Elliott Wave Principle (invalidation level) will help you by simply telling you that: chances are still in your favor. Appendix
Hi everyone, A Possible scenario is shown in the chart (Target $ 100). The pattern emerges normally between one flat and one falling lines. Corrective wave patterns: The best way to trade an Elliott Wave triangle is to anticipate the end of wave '5'. Sometimes this is easier said than done!
Hi everyone, (Length of Wave BB-CC ) > 123.6% (Length of Wave AA-BB) What might this be? (Motive or corrective wave) Friendly reminder that (Tether) :
Hi everyone, As you can see in the chart, Wave B= 123.6% of wave A, as a result: What you have encountered, is a Running Flat (or Expanded Flat), In yesterday's update, I indicated that a continuation of the rally would likely result in the 37k (approximately)(Running Flat, wave C= 61.8% – 100% of wave AB) . It did.. Expanded Flat scenario is shown in the...
Hi everyone, There are four different variations of a 5 wave move: 1- Impulse wave, 2- Impulse with Extension 3- Impulse with Truncation 4- Diagonal. Five wave structures : 1- Impulse: 1-1 Extensions : Appears in either wave 1, 3 or 5. 1-2 Truncations : wave 5 does not exceed the end of wave 3. often occurs after a strong third wave. 2- Diagonal...
Hi everyone, Here’s a method investors can use to spot the Bitcoin bottom, (1/22/2022 90k ---> Small price movement!) it is indeed the bottom Wyckoff’s Law: Huge volume (effort) push by participants should see huge price movement. It means: The Bifurcation between price and volume often indicates a signal a variation in the direction of a price flow.
Hi everyone. Among the different types of Corrective Waves, the running flat is one of the less studied and known cases. Running Flat (Corrective Waves): In a running flat, wave B stops beyond the start of wave A, and wave C falls short of stopping near the end of wave A Fibonacci Ratio Relationship: Wave B = 123.6% of wave A Wave C < wave AB