An update on this MATIC idea from June 2021: Back in June I thought MATIC might take a big dip towards 0.75$ for the end of wave 2, before starting a new impulse; It actually ended up going a little lower to 0.62$ and has since moved up nicely up to the 2$ level. I think either we are in wave 3 now and heading towards 5$++, or the correction is still ongoing...
Update to this idea from 6 months ago: I thought the $30,000 level in June might be the end of a sharp wave 4 as the previous wave 2 was very long and drawn out; BTC then went up to a new ATH around the $69,000 level. Since the $69,000 high BTC has pulled back quickly and in my opinion this is the second sharp wave 4 I mentioned in my June theory, it also hit...
A simple Elliott Wave theory and the alternation between wave 2 and wave 4 corrections. My interpretation of the long corrective waves in the early stages of Bitcoins rise and the sharp corrections we are seeing now.
An update on below idea: Oil hit the 0.382 extension exactly around $84,07 and has since fallen sharply. In my opinion this is the start of the correction of the move up from the lows in April 2020 to the highs in October 2021 which could end in the $50 to $58 area. Just theorizing here that we're currently in the middle of wave 3 of A where A would complete...
Update on an oil theory that started back in November 2020: This idea was that a wave 4 completed at $33, however the move up accelerated and it quickly came apparent that the move up from $33 was not wave 5: In March 2021 I took another look with the idea that $33 was the end of wave 2 and the current impulse was indeed wave 3 that could end around the $77...
Bit more closer look at this idea > Possibly in wave 2 of a 5 wave move to $43,000 as part of a larger degree wave 4. Invalidation point for this idea would be a break above $69,830 in the short term.
Update to the below idea: Maybe possible that wave 5 of 3 is completed and wave 4 of 5 is underway; possibly to the 0.236 ($53,000) or 0.382 ($43,500) level before the next impulsive move up towards $90,000 There is still the possibility of further upside left in this wave 3 to the 3.618 extension at $71,400.
An update on a series of BTC ideas, if my overall theory is correct we're now in the early stages of a small degree impulsive wave 3 to around the $70-80,000 level. September 2021 - Larger degree wave 2 to around the 0.618 level July 2021 - The small degree wave 2 from $36,000 to what turned out to be $30,000 before the push to $50,000+ June 2021 - The...
Working in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now. The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will...
An update on these ideas from March 2021: It appears that wave 4 is complete close to the 0.382 level and the next move could be wave 5 up towards the $90 level.
A slightly different view on this count > Another idea that 5 waves was already completed in a larger degree wave 1 and now in a larger degree correction for wave 2 to possibly the 0.618 level; moving back above $53,000 from here could take us to new All Time High and beyond...
Follow up on this earlier count on Bitcoin > Possibly in wave 4 now with wave 5 to follow. However the high at $53,000 could potentially be the end of a C wave and if price drops below $35,500 this will invalidate the 5 wave count and confirm the ABC correction, in my opinion.
Thinking BTC might be due a pull back as there is bearish divergence on RSI and the MACD is on the verge of turning bearish. EMA 50 and the 0.382 level are at $40,000, possible pull back area before BTC goes on to make another high.
An update to this idea > Maybe 5th wave is completed or could possibly reach $43,000 to complete a larger degree wave 1 before a correction towards $36,000-37,000 for wave 2
Idea on BTC that currently wave 4 is underway to around the .382 level before a 5th and final wave towards $42,000. The alternative is that wave 4 is already complete where price touched the .236 level at $38,800...in that case wave 5 is already developing >
Idea on BTC that wave 2 or B is nearing completion and breakout above the slanted trendline could lead to a considerable rise in price
A couple of ideas in one chart on BTC that are linked to this idea > Scenario 1: Either ABC is completed at the recent low and a new impulse is emerging to new All Time Highs. Scenario 2: The ABC to recent lows is just wave W of a more complex WXY that could end in the $20-$25,000 range before the next impulse.
There is classic bullish divergence on 1D chart for BTC which could indicate a reversal of the trend.