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Looks like Crypto is rolling over. Surprised ? A few could predict the move but a very few who could have capitalised on their predictions. Looks like a Zigzag to me i already had a similar idea before. i know its against the trend but its out of my playbook. Strong Case Points- Centerline Reversal S line making sense. MACD lines are not spread apart....

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Intermediate 1 complete at ATH with wave 4 being an unlikely Zigzag. Now in the process of making a Zigzag as a intermediate wave 2. A complete as an 12345 impulse. B completed abc in 3 corrective waves contained within the channel reversal at centreline as start of Intermediate wave C. In a zigzag wave C either an ending diagonal or an impulse. This looks...

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Larger picture first. As you can see its a logarithmic chart but fibbs are on a regular scale. Because that's how its supposed to be what I have learnt and most notable CMT traders and even RN Elliot himself pointed that very clearly. So we have completed primary wave 1 and now primary 2 which is a corrective wave is in progress. For primary 2 a typical .618...

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I would like to entertain the idea from a technical perspective that Bitcoin already ended its Bull run at Recent top on 10 November 2021 at 68958. And now we are in a Bear Market that could last at least 2 years and even longer. I will use classical technical indicators and Elliot Wave Theory to provide evidence. First of all i would like to talk about chart...

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Cyclic wave completed at top. Now we are in a long correction. I could clearly label it as an Impulse. A 5 wave impulse is always a part of a larger trend. It forms in a Zigzag as an A or C, in a flat as a C. At this moment I am comfortable calling it an A in a Zigzag. After completion of Minor A we are now forming a B wave. B wave is when average traders think we...

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So we have ended the B wave or Primary 5 as an Ending Diagonal with a Truncated 5th. Now a leading diagonal in progress. Which is always a start of a larger trend. Downside to continue with pullbacks as normal.

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A running Triangle. Market takes Direction of B wave to complete the pattern. ABC zigzag. Risk Management in Place. Will take profits along the way if turns out that way. Can someone give me a bearish count ?

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Intermediate 123 is almost complete with 5th of the 3rd crazy big wave. Aiming for 40% drop from 7.70 range. Will look for a long entry for wave 5 of higher degree.

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Intermediate 1 2 complete Intermediate 3 has just kissed the top line of the Termination Channel ( 243 of minor 5 of Intermediate 3) Reversal is expected. Grey channel - Base Channel Green channel - Acceleration Channel Red Channel - Acceleration Channel

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Minor wave 1 complete heading for correction as intermediate 2 Re - Entry zone Triangle area or Fibbs .50 or ..618 (Green Rectangle) Waiting for BBand Contraction Correction Should last at least 18 days

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Bitcoin is setting up an ultimate Trap If you have come across this article, i will suggest that you pour yourself a favourite drink and put your favourite tunes on. Because you should take your time to fully understand what I am trying to say here. If you are just going to scan it quickly it's not worth it as you will be digging yourself a whole. And I will...

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Just trying to make sense of recent BTC price action from Elliot wave Perspective and come up with a bias on short term basis. A Minute wave Completed and now a Combination Correction is in progress. wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c. Subwave...

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Explanations Given in the pictures.

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This is purely a Technical Analysis. All My favourite moving averages are close to the price. There has been a nice coiling of moving averages which leads to a breakout. From Elliot Wave perspective it looks like a wave 4 appearing as a triangle. Expecting a Parabolic move as a wave 5. There is a possibility of truncation so keeping my take profit to minimum....

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This is purely a Technical view based on Elliot Wave theory. According to the count it a very good shorting opportunity on ADA. We are in a long ABC Zigzag where wave A has appeared as a leading diagonal. An we are in a B wave. B should have a 3 subwave count or it can appear as a triangle in a zigzag. So after A as diagonal its impossible to count this recent leg...

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From Elliot wave perspective it looks like a zigzag is in process. A can be counted at leading diagonal. Leading diagonal occurs in A of a Zigzag. This time wave 3 in this diagonal was a little bit bigger which usually results in wave 5 being the biggest. B is forming. It could be in 3 waves as ABC or a triangle. 3 waves not visible on weekly line chart based on...

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In a regular flat. Long for C wave

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Looking at the daily chart its usually easy to see the subwave count of wave 3 only. Below are the characteristics of the structure - Wave 1 was a leading diagonal Wave 2 retraced .50 on fibbs was a triangle wave 3 wicked 1.618 of wave 1 Wave 4, i can make it a running flat Wave 5 was even shorter than wave one and was ending diagonal The correction after...