About meHi, My name is Schyler A.k.a Crypto Hippo and I'm a day trader in the crypto markets. I host a YouTube channel for education and daily updates as well as do reviews and tutorials on different exchanges. I plan on opening a digital asset brokerage.
Addressing the potential for an extended 5th wave and further upside from the DGB/BTC pairing. Here is a quick Elliott Wave count and invalidation point as to when we will fail to see further upside by dropping under 218 satoshi's. The argument for the extended 5th wave is that it appears to be a 1,2,1,2 scenario in the macro wave 5 and also the wave 3 if it's not...
My name is Schyler,
I'm a full time Elliott Wave Trader in the crypto markets.
Liking the chart helps support the channel growth.
Thank you and enjoy.
Bitcoin Elliott Wave Analysis:
This is a short to mid term analysis that is looking for long entries.
3 counts on the table
Count 1: Purple ABC expanded/running flat
Count 2: Pink Impulse...
Bulletins for clarity:
1. Overall count is an impulse wave vs ABC.
Justifications for an ABC:
1. C wave hits a corrective 1.236 ext with a completed 5 wave structure
2. B wave is a flat and separated by larger time than a normal wave 2 typically is
3. The count from all time high is coming down with 5 waves; Starts with 5 waves, ends with 5 waves, meaning...
I'm an Elliott Wave trader, Most people use this method very sloppy because it takes a lot of time to do properly. I'm a full time trader in the crypto markets so take advantage of leveraging my time and counts as I spend several hours on them before posting them so that I can feel confident about all potential scenarios being walked through. Even if my main...
The chart says it all.
However, here are the highlights
Best supports are at 8340, 8180, and 8040. Best confluence lines up with 8040 and could easily be front runned by 8180, but are we so bullish as to pivot off the first target of 8340? Leave your thoughts in the comments below and lets get a poll of where people are leaning.
Best of luck traders,
I've broken down an Elliott Wave count in this video that I feel is strongly accurate at projecting a 3rd wave top of 136k for bitcoin over the next 12 to 18 months. The technical justification to support it is compounding from an Elliott wave perspective.
My name is Schyler and I'm a full time Elliott Wave trader in the crypto market that focuses on helping...