Usually correction lands anywhere in the region of wave 4. Applying the fibbs on log scale .23 level looks very likely. Happy to answer any questions.
happy to answer any question and open to criticism. thanks for reading
According to Ralph N Elliot collective human conciseness functions in predictable manner. Stock markets are no different from that. Same patterns repeat over and over again. GME completed a remarkable intermediate motive wave after bear market truncation. It took roughly 300 days for the motive wave to complete with an extended 5th wave. After a motive wave the...
I am convinced it has bottomed. Volume is historically high with big money stepping in. RSI is showing strength with bullish divergences. Expect a faster rally compare to long historical downward trend to all time high. Please like or comment. Thanks for reading
Link has completed a Cycle. Now correction taking place. After Cycle usually correction may go anywhere between wave 4 or lower. Posting pictures of subwave count too-
Elliot wave Analysis. If plays out correctly enormous consequences for stocks and other assets.
Three Digit oil is on the way. Believe we are about to finish primary wave 4 and wave 5 is due. $75 is a good entry which will confirm we are going up. Please like or comment
Note - Chart is set on log scale Findings - Elliot wave - Bearish Bias Looking at a chart i pulled up www.buybitcoinworldwide.com on BTC from 2009 ledger start date to present on log scale. My elliot wave count suggests we have completed a Multi year Supercycle from 2009 the ledger start date till recent highs 64000. Wave 5 ended in a diagonal at 64000...
Cycle complete and now in a correction. Fibbs looking very good on log scale. .23 and .618 has proven a great sr level historically. Alarm at price label for entry. buy zone rectangle
Enough said. Target price label at top
In the big picture its in a Supercycle making wave 3. Within wave 3 fractal its also finished making wave3 on Cycle and currently in wave 4 correction. Typically that usually ends at fib .38. So am short till 23379.
The Big Picture There is two way you can get rich. Invest in yourself or invest in others who can do better. $1000 invested would have returned you $1879760 in 48 years. $1000 is roughly $6882 at 3.8% inflation rate per year from 1970 to present. So will i be wrong if i say you just have to pick the right stock and investing same amount will probably result in...
I know the wick has gone in wave one territory but if you were to factor in only the closing price the trend is intact. And it could be just the beginning of final leg up. If daily closes in wave 1 territory this idea is void. Thanks for reading. Please like or comment.
Ending Diagonal in wave 5. Please like or comment
Looks like about to finish its Cycle with extended wave 5. Usually wave 5 ends at 1.618 level. I believe either its going to start ABC correction in couple of days or hit the next fibb extension level before correction. Be watching this broadening wedge formation closely.
Its a Logarithmic chart. ADA is about to complete its Motive Wave (Intermediate) with wave 5 in progress now. Wave 2 retraced .618 on fibbs which is a very usual case. And wave 4 correction was not that deep ignoring that death wick which retraced .38 on fibbs with complex personality. For wave 5 projection i have used fibb extension and set to targets with target...