Jerdy

Jerdy

Falling wedge BTC 12hour:I started to look at the possibility of a 12 hour falling wedge on BTC. That coupled with the Dollar setting a daily higher low leads me to lean bearish on BTC for the short term. If it plays out, looking for it to resolve sometime in the next week or two [sy mbol="BINANCE:BTCUSDT"]BINANCE:BTCUSDT

Jerdy

I have labeled my Elliott Wave Count for WEED.TO as 3 waves in and possibly 4 waves in. We will see a bounce very soon today or Friday . I think a 10%move up,once pivot low is reached. Initial Target zone once we reach the pivot low is between $56 and $60 assuming there is no extension for wave 5. There were sub 5th wave extensions for greater wave 1 and wave 3...

Jerdy

Green Wave 5 Bullish Count 1. Price must stay above the Daily EMA’s support where it is sitting right now. 2. Must clear $742.72 to confirm green wave 1 and 2 are in. 3. Must Clear $838.00 to confirm we are in an impulse green wave 3 up . 4. Eth has already put in a .382 retrace with an A,B,C (green)correction Red Wave C Bearish count 1. Price must fall below the...

Jerdy Updated 

My entry point was(8,294) I set me stop loss at just under the golden zone (.618 to .65) of the last move up.($8,248) Set my target at a 1:1 ratio using Fib Extension tool.($8,557) Will move my stop loss to break even point once I see the trade is well on its way.Probably when were nearing $8,400 In the mean time I will monitor closely. Cheers

Jerdy

These are Key Resistances to break on route to blue sky All Time Highs.

Jerdy Updated 

Here is my Elliott Wave count for my bullish scenario. We need to break the 2nd mark with conviction to be able to make a run at $10,000 again. If we break down on either of these test than we go down to .786 Fib level ($7,832) . Lets hope for this one.I'am bearish biased but longing for the happy Bull days. Be safe Cheers Daily perspective

Jerdy Updated 

If we don't break $8,885 then I see the $7,700 , $7,800 scenario.Monday I had my W,X,Y going to $7,200.I think there is to much support for that low of a drop.

Jerdy

Should know in the next day or so if we are head up to test 10K or down to the .786 Fib.I'm leaning towards the bearish side. We broke the low from the previous day and we formed a hangman candle on the daily.

Jerdy

Bitcoin update.Elliott wave counting is fluid and ever changing dependent on past and recent price action.The correction from $9767 didn't even make the 38.2% mark.A typical 5 wave correction is minimum 50%.I have to conclude we have one more wave up

Jerdy

Micro perspectives are less accurate than the Macro perspectives,like the one I posted earlier but I believe we will get to the same destination.It 's like the old saying of "There is more than one way to skin a cat."#BTC #ElliottWaves #bitcoin

Jerdy

My original long target of between $22 and $24 was hit at $23.00.Here is my idea on the correction.I have 3 possible landing zones,the 2nd one being the most likely in my humble opinion.

Jerdy Updated 

I have two counts,but this one is the one I think will play out.The other count is where I see an ABCDE to 9.7k to finish yellow wave B then down to the same target.I don't see BTC passing 9.7K to much resistance.

Jerdy

This is how I'm counting BTC this after noon.

Jerdy

If we pierce the ATH.I think Green Wave V will be Extended and Red Sub wave 5 will also be extended taking us to $22 or more. If a trade was taken on the breakout of the previous ascending right triangle with a 3% stop loss,that that will give you a 8:1 R&R.

Jerdy

I believe with a little more rest of the indicators ,we have one last push up for a green wave 5 to 9300 or 9400.This would be a 1:1 for green wave 5 with Green wave 1 since Green wave 3 is an extended wave. I would appreciate any constructive criticism. Still very green around the ears as an Elliot Wavetician.

Jerdy Updated 

If this is a bullish run up,I see the following playing out. For my projections I used 38.2% retracement for my wave 4 and 1.618 extension for wave 3 and 2.618 for wave 5. I believe we are in the beginning of a wave 5 of the greater wave 3. I would appreciate any constructive criticism. Cheers J

Jerdy

New to Elliot waves.First time I get the nerve to publish one of my charts. Counted out my waves and 5 sub-waves of A an C waves as well as abc for B waves.I think this is correct but looking for confirmation from more experienced Elliottitians. I also used Fib retracement and extensions looking for confluence.I figure landing zone for C wave of wave 2 of a...

Jerdy

Very new to the game.I see a repeat of the rising wedge pattern playing out here.If it does break again near the same area(3895) and fall to the neckline of a possible H&S pattern,thus setting up an even further slide towards the key support on the Daily hour chart of 3450 .Not sure if this is all gibberish but would appreciate any critique of my greenhorn...