I have been waiting for weeks on this Macro correction. There is no guarantee that this is what's at play here.
If it is though, there is no way that the entire correction will take just a few days or 1 week, that's why I am going with this triangle. On top of that, Bitcoin is very known to have a triangle W4.
Yesterday, we bounced beautifully from a smaller time...
I know it has been a long time since I have posted in here again.
Do I think our mid term high is set? I give it a good chance, but it's too soon to say.
Just remember, as soon as that mid term high is set, 99.99% of traders will start to lose money again, throw away previous gains...
If you think you can't handle a difficult market, stay away when we start that...
The chart speaks for itself.
I have had a long term count some time ago (linked below).
However, more intersting for now, let me show you the intermediate view analysing this bear market since end of 2017;
As well as the shorter term breakdown;
Conclusion: Short term Bullish,...
This is the Mid Term Count for BTC that makes most sense to me.
Note: I have perfect sub divisions on lower time frames, but they cannot be shared in the same chart as it would screw the visbility of the count.
Note: Some of these sub divisions turned out as Triangles and Flats, instead of your basic Impulse and ZigZag waves, everytime they were used, the...
I already showed you how it was going to play out, but now that we have even more information things are starting to fall into place perfectly!
New intra wave targets have been created as charted.
These are my opinioins based on the market structure, you should DYOR.
BTC Nearly hit FIB extension in log scale at 20k when it finished its grand super cycle 3 wave in 2017.
It might hit the overlapped FIB extensions around 420k when finishing its grand super cycle 5 wave in 2022.
Log Scale Chart.
EW 12345 Impulsive wave (Grand Super Cycle).
Fibonacci Extensions in Log Scale mode.
Price Range tool to proof the upcoming cycle...
Bears will always believe they have the upper hand untill 20k breaks. Well, we ain't there yet and there are some big resistances to break before we will get there.
First one being 10k of course!
And what do we know about a horizontal trendline that has been tested week after week, day after day again and again? (Please think about the oh so strong 6k horizontal...
TSLA Truncated COVID 5th followed by ABC.
Golden buy zone indicated in green, may be slightly higher if we get another small leg up before correcting.
Correction is imminent in my opinion, it is only delayed because of FED's futile money injections which will make all of us who stay in cash over coming decades A LOT poorer!
Golden Zone. It has always been effective and will hopefully always be effective!
I already expected a huge ABC down to 7.8k from the very moment we dropped to 8k. (see idea attached!) However, as you could have seen from a number of ideas I posted later on, whales managed to divert me from my original main idea by painting the chart as weird as they can to make...
Another reason to believe that our newest EW starts at 8185 instead of 8106 is the new smaller time frame shiff pitchfork I just drew that's already proving itself to be very useful with a perfect hit on the lower band bottom and top before taking of. This means >50% of current bots, traders, wales are agreeing to have this new count start at 8106 with pivots of...
A of ABC correction into big 4 is in
B of ABC correction is expected at 9650
C of ABC correction is expected at 7800
Bigger 5 might very well extend to the 1.618 and double top with our previous major high around 13.9k!
CPRI Capri Holdings of for a good start!
After an insane dump of 95% over 6 years time, CPRI Capri Holdings might be your best buy of 2020-2021.
Clear 33333 leading diagonal into the 1, you would want to catch that retracement at the 2!
Will SPX 0.618 bounce after filling the huge double gap?!
That is a trade that I would make!
Clear 12345 impulse just happened, way too many people are currently longing 0.618 resistance, be smarter than the crowd, wait for the retrace!...
According to Elliott Wave theory:
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
It worked out just fine for our...
Chart speaks for itself, but let me add a few abnormalities.
- The A correction in our bigger ABC wave doesn't make any sense, there is no way to put an 12345 in there!
--> This actually made so little sense that EVERY elliottician that I have heard or spoken to thought this was the bigger wave B and we would be putting the C ending the correction straight...
The count speaks for itself, the support levels we ran into are clear as well. I told you where to long the last drop already before it happened in my previous idea. Let's go over it one more time and let's not get ahead of ourselves in this market full of fear .
I already told all of you to long Fibonacci support levels when we were going down . If you did so,...