GioThaKingo

GioThaKingo

(Second scenario for macro)-- So as you know I have an alter always as a back up. While alot of people assume that we did have a "5 wave down" as our 1st big drop , in this scenario I disagree and strongly coincide with a (WXYXZ) pattern for the 1st drop cancelling any idea of a "Bear market". So I have made zones for possible territories for this drop if this is...

GioThaKingo

(Macro)-- So although my "Micro count" is still the same as I am waiting on a (Triangle) or (Abc wave) for Micro wave 4. I have changed the (Macro count) with a couple small changes as I went over and went into depth on the individual waves I have found 1 wave that had to be changed from the (Macro count) . So this is a renewed "Macro count" based on extensions...

GioThaKingo

("Fun Wave analysis")- So as you can see I have 2 counts, one in "Green" and the other in "Red". So now for the "Green" scenario we would be counting this as a potential (WXYXZ pattern) and from the rejection of the (Green box) as we have made one of the last (ABC waves for that scenario) we would be retracing to around the "Golden zone". Now for the "RED"...

GioThaKingo

(Update)---- So we did break the zone to make a (Wxyxz continuation) and this (Expanding) if so should have made an extension down which we have in the zone of (1.236-1.618 aka. Green zone) if it goes beyond that in the "Green zone" which we already are making a different "Wave degree" after that down id have to look at it from a different scenario, but if this is...

GioThaKingo

(My opinion)- The reason why I could assume a pop before a drop is the following reason 1. We have not yet made a (5 wave structure down) for us to assume this is (Wave 1) and for a continued drop so whether its a (WXYXZ continued) or just a healthy pull before a run I still think a hit at (Blue zone) is probable before any hit down confirmation So again these...

GioThaKingo Updated 

(Short-Term update)--- Everything is on chart and updated as we hit orange zone the day before. As always these are my opinions based on confirmations. Good luck trading : )

GioThaKingo

(What I'm seeing are the possible 2 short to mid term scenarios)-- We can make scenario #1 which is the ("Ending diagonal") which we make an "Impulse down" for the last move and we make a lower low then a impulse up// #2 scenario which where we have already made the correction and this is just a small minor healthy pullback (orange zone) and we head towards the...

GioThaKingo

("The 2 scenarios")--- So after careful consideration this last wave has shown to me it's a different "Wave degree" on its own so the present zones will now apply.Continued rejection from (Blue zone) will show me we will move to another bearish (5 waves down) likely the impulsive (3rd wave) or (Cwave). But now here is the second scenario, I find very uneasy as it...

GioThaKingo

everything is on the chart enjoy: ) If you have another analysis you'd like to share below go ahead and do that ; )

GioThaKingo Updated 

(#2nd scenario) ---This scenario implies that this is a continued (WXYXZ) wave pattern. If this was this pattern we in my opinion would be looking at this green zone below based on the last extension from the (0-4th wave) on the last wave down at (0.382) we would land here in this zone before a strong bounce up which would be our next (C wave) before another...

GioThaKingo

"What I'm going off"-- Some of you have been asking what scenario am I going off (which is a "WXYXZ pattern") and has been rejecting the correct things.So after observing scenarios this to me is the most likely scenario for me and what I'm I'm going off. Very bland yet simple. As always keeping you updated. Invalidation : above "Z wave" Goal - Zone below As...

GioThaKingo

Ok so I am in "$DOT" and have been following the wave count of it and have came to a pause as I have shown my subdivision we were on track for (Wave 3) it seems like (Wave 1 minuette) has truncated as it has came full below 100% I will keep watch for further movement. As always keeping you updated. As always happy trading : )

GioThaKingo

(Zoom Update) --- **I have not gotten into a deep dive on (Zoom) fundamentals other than the basics of knowing that they had some pretty good earnings in the pandemic and this *Quarter* just went slightly below expected and they gave no guidance, but I do know they are looking to expand beyond other things, so again this is just my technicals standpoint and not...

GioThaKingo

So this one is another one taken from inspiration from "Greenstar Trading"--- So we could say this ended with an "Ending Diagonal" I would definitely still question that validity through other structures inside but very possible and which would make this the (4th wave correction). But thing that would worry me is how over extended we are especially since we made a...

GioThaKingo

These are my zones to look for atm on this scenario. I will be updating this one after more confirmations on the lengths of these next waves. As always these are my opinions. As always happy trading : )

GioThaKingo

so as you can see my analysis for Solana was truncated as you can see why here as we have a strong overlapping as btc fell last night. I can no longer do Wave analysis here any analysis I had for Solana has been invalidated.As always keeping you updated As always happy trading :)

GioThaKingo Updated 

Solana has made a extended (3rd wave minuette) for its last 5th wave and I'm expecting a small 5th wave to finish it off in the 1st green zone. After that should be a moderately mild deep retrace to 0.5-0.382 then to the final 5th wave at the last green zone area of fibonacci extension then fulfilling a correction down for the 2nd wave retrace.As always these are...

GioThaKingo

We had started a 5 wave down with the 3rd wave being very extended and we are at a 4th wave impulse in order for us to not truncate 5th wave we would need to go below to at least around 41k which makes me nervous as we are very oversold and also what makes me nervous is that even on the 4th was we are above 0.5 but we are so over extended we will see if 0.618 will...