Linneaus

Linneaus

WXYXZ correction with flat X rising wedge rally, revisiting prior idea below with C up in progress

Linneaus

So I'm trying to consolidate the various ideas for this move, and here are a handful of possible concepts I'm tracking schematized in EW. I have to tighten them up some more, and do a more thorough write up but the key things I'm watching for are fairly straight forward: - Non Farm Payroll Friday NY Open - CPI Oct 13 Mainly I'm watching if we are going to...

Linneaus

Same concept for a ABC B wave rally, but with an open triangle/ expanding wedge connector culminating in an impulse to the 886 area..

Linneaus

Volume Profiles, Session Order Flow, Basic Momentum on the 4 hour and some key Fib zones to keep and eye on today

Linneaus

Here is the Triple combo idea revisited in the context of the chart below, ABC macro flat 2nd X wave... except we would be looking for a straight 5 wave move, and not a 3 wave ABC as I have it in the previous chart. variation on this general idea: And looks back to the macro regression analysis/observations made here

Linneaus

This is an update to the following charts still in play, and playing out actually, IF we see a strong rejection at 618 retrace of our last impulse down from 22850 to 18150, which is at the 21k area, coincidentally at the 100 daily simple moving average, I'd be looking to this count. We have had two confirmed drives of daily bull divergence on the RSI, and MACD...

Linneaus Updated 

Here is a bearish alternative to watch out for. If we get a tightening range into CPI, failing to reclaim any substantial levels, followed by poor CPI readings, then we might see the market roll over

Linneaus

Chart is pretty busy. It features the 21,50 and 100 daily simple moving averages because price is interacting with them reactively. Detailed here is a potential 2nd wave pull back into the golden zone at 19500 area. Tonight 3-4am EST London open has a lot of S&P PMI data coming out and NY pre market 8-9:30 am EST has US S&P 500 PMI and ISM, 30 year Mortgage and...

Linneaus

This a bearish B wave alternative, but a bullish short term rally nonetheless..

Linneaus

Update to prior ideas, but with this move as the start of a larger scenario with rally to 30k region, with this as the first swing. Will update shortly with a macro alternative.

Linneaus

If price gives a more prolonged or deeper combo corrective 2nd wave as detailed here, there is a clear Invalidation at origins of 1st swing for a potential swing long to 22.5 K area.

Linneaus

Here is a detailed view of proposed X wave as ABC. First point of Invalidation is break of current 1st wave at $18,925

Linneaus

Both X's break their respective channels. Per EW no doubles, triples or triangles permitted in X waves, so would be looking for a clean ABC. Confluences supporting this: Technicals - Bullish divergences on CVD and RSI on higher timeframes - Harmonic conflucence Thesis: - Production numbers in Europe and US came back to today with noteworthy misses, showing...

Linneaus

Building on the ABC correction we look for a C wave of a diagonal 5th or WXYXZ, depending on how you decide to approach the over all structure. In the last chart I proposed a more bullish B wave connector idea. Here I cover a possibly complete B wave, with C already possibly underway. IF the market is strong we might look for an ending structure for a...

Linneaus

Here is a detail EW concept for the last BTC chart posted in confluence with what i am watching for on S&P500

Linneaus

Bearish EW count, looking at the possibility of a weekend spill over after another push up attempting to reclaim 20K, but ultimate failure this weekend given over all bearish market conditions on quarterly close, with 15350-650 targets, followed by a relief rally for a B wave

Linneaus

All in all it's not looking good for the bulls, but there is a case to be made for a stronger rally. It’s a tough upside down one but there’s a valid thesis. Basically BoE buying bonds now, pivoting… currency wars…energy crisis…. feds MAY pivot for the wrong reasons, bad reasons, namely because of systemic risk. In this case FEDS would be effectively short term...

Linneaus

We see a signature move in tightening ranges play over and over in this bear market down turn. The low at 17.6 k BTC has a rising wedge with a corrective look and structure, similar to our last summer's reaction at 29-30K BTC. Without getting into all the reasons to look for such a move, here is simply an alternate bullish concept for how price could surprise to...