BoilderRoomColdCaller

BoilderRoomColdCaller

Before today's super bullish BTC sentiment, many people, including me believed there would be another leg down to complete an A-B-C correction to finish the 4th wave, and we were all targeting around $20,000 area. We believed in that not only because the overall bearish view on the stock market/global economy, but also the 5-3-5 golden rule in Elliot Wave, where...

BoilderRoomColdCaller

The scenario of the bear Elliot Wave ideas I published a few weeks ago are becoming more and more convincing. Now the symmetric triangle until yesterday became a descending triangle earlier today. Currently we are at the edge of falling below this descending triangle, today there was a fake break below followed by an immediate pullback to the support line, and if...

BoilderRoomColdCaller

BTCUSD Keeps making lower highs and higher lower which formed a triangle below 200EMA. It keeps failing to break 200EMA and getting further and further from the strong resistance. The 5 wave theory to the downside from last time is still valid currently, the 4th wave is moving sideways and forming a triangle making lower highs which differs from wave 2 which was...

BoilderRoomColdCaller

Around a week ago when BTCUSDT dumped below 200EMA/$42k, I published an idea to analyze the BTC bear scenario using Elliot Wave, and I got so much not very friendly feedback, while all those bulls on TradingView calling ATH again at $40k got hundreds of pats on the back, I guess maybe cryptos can only go up and that could be the reason my bear scenario idea...

BoilderRoomColdCaller

Well, BTC didn't hold the 200 EMA or previous pivot high from January as I thought, it was a slow bleeding process instead of a quick fall with a knife to catch. Today it was rejected by the 200 EMA again, if we could push through the 200 EMA and start making higher lows, then bulls are coming back. However, if we keep being below 200 EMA and with summer...

BoilderRoomColdCaller

As the idea published previously a few days ago, seems like BTCUSDT bear scenario is happening. If BTC is really going to pull back short-term, as noted in the previous idea, I expect the support areas to be around $47k-$48k at 0.618-0.65 Fib-extension levels, which is also the previous swing low, this should be a great support zone. However, if the price keeps...

BoilderRoomColdCaller

For BTCUSDT short-term pullback/bearish scenario: From the all-time high to the low on April 25th to the pump yesterday, if we draw a Fib-extension, we can clearly see 0.618/0.65 level at $47000 and 1 to 1 extension at $42000. The 0.618/0.65 level at $47000 is around the low on April 25th, which could be a good support that prevents additional drops, however, if...

BoilderRoomColdCaller

In my opinion, BTCUSD has finished 3 major waves after the dip earlier this year with COVID 19. The first wave finished around mid-May and gave us a clear small 5 wave structure, then a consolidation with some ups and downs in a wedge for our wave 2, and a super bullish 3rd wave all the way to $19000 with a fib-extension right at 1.618 area from the high of wave 1...

BoilderRoomColdCaller

Bilibili seems like is at its 4th correction wave for a simple A-B-C move, it could be dropping a bit before it's earnings to $37 - $40 level for another bullish trend to its 5th wave target at around $60. Look to add BILI if it dips to $37 - $40 ish before earnings for a target at $60 ish.

BoilderRoomColdCaller

Uber (UBER) seems like is currently correcting at the 4th wave of its 5 wave structure, it's likely to correct to the 0.382 retracement level of its 3rd wave to $40 ish before UBER shoot up to its 5th wave target, also, we do have the previous pivot high at $40 as the support which was all the way from June. Thus, look for a correction to $40 ish and add for $55...

BoilderRoomColdCaller

McDonald's (MCD) seems like be forming its 5th wave, with SP500 looks like going to correct a bit to $3400 ish, I do expect a little dip of MCD to $203 - $207 level at 0.382 retracement level from its 3rd wave. When MCD dropped to $205 ish, it could be a good buying opportunity. However, keep an eye on SP500 and other major market news, US election has not...

BoilderRoomColdCaller Updated 

ADAUSDT seems formed 2 simple A-B-C correction moves after the dump, all nailed the 1 to 1 fib-extension level at point C from point A. Then wave 2 retraced 50% from wave 1, and wave 3 has a clear small 5 waves inside, now ADAUSDT seems like working on its 5th wave. After taking a fib-extension from point 3 to point 4, there are a couple of levels to watch:...

BoilderRoomColdCaller

After the dump in mid-March, LINKUSDT has finished all 5 waves of Elliot Wave, which had a point 2 pulled back to 0.65 level from point 1, point 3 was at 1.618 ish extension of the first wave, and wave 5 had the same length as wave 1, which indicated the completion of a 5 wave. And it then seems to form an expanded A-B-C correction, point B is also the all-time...

BoilderRoomColdCaller

BATUSDT seems like forming a simple A-B-C move after the pullback from the high of the March low rally. Point B pulled back to exactly 0.65 level from point A, and now we are having a final rally to point C. With a Fib-extension from the bottom to the top, we have a 0.65 level at 0.26 ish and a 1 to 1 level at 0.287 ish. Bulls who longed BAT at point B will likely...

BoilderRoomColdCaller

After the rally and the dump of THETAUSDT, it went up to 0.3 ish and now is likely going to form a simple A-B-C move. It dropped from 0.3 to 0.2 and then pulled-back all the way to point B at 0.65 Fib retracement level. With the Fib extension from the top to the bottom, it could be a good opportunity to long if it drops to 0.65 level at around 0.2 ish, which is...

BoilderRoomColdCaller

(Please enlarge the pictures horizontally and vertically to view the Fib levels clearly, I put 4 of them in the picture which could be hard to read at original size) After the dump to 8k when we finished the rally from the March low, Bitcoin has finished 2 ABC moves. The first one (Color Black) pullback exactly to 0.65 level at point B and later went to the Fib...

BoilderRoomColdCaller

Bitcoin has been in a bullish flag trend since March 12th and the big dump. On its daily chart, BTC/USD is about to break above 50 days EMA and it's heading to its major resistance of $7300-$7400 levels at the top of the one-month flag, a 5 wave could be formed if it breaks its resistance level.