Lord_Of_Dax_

Lord_Of_Dax_

ABC move with wave C target at 850 dollars Wave A = Wave C = 100% ETH has been nothing but bleeding! Not many ETH believers are left. There will be a great BUY opportunity at some point.

Lord_Of_Dax_

As explained in the previous analysis, the bigger time frames could get influenced by the macro-economic environment. In this case, the BULL Cycle wouldn't really be over. We could be forming a potential irregular correction ABC (B goes above the the previous top). This is actually a BULLISH sign for the next incoming wave. This is why I've put an extension for...

Lord_Of_Dax_

With another SELOFF of 10%, BTC seems to weaken even further and could potentially confirm the start of a NEW BEAR Cycle. On this illustration, we can identify clearly 5-wave UP since the low of December 2018. Indeed, the BULLISH structure for a potential extended wave 5 has been broken (overlap of the last SWING with 53k TOP (that could have been a WAVE 1). In...

Lord_Of_Dax_

CRUDE OIL Wave 1 of a BULL Cycle complete? It looks like it indeed. Some bad news about the Covid19 (New variant, Lock down in some countries) and other external factors could have ended this wave 1 of a new BULL Cycle. a retrace between 38.2% to 61.8% is expected for Crude Oil

Lord_Of_Dax_

Here is what I'm looking at as a NEUTRAL STRATEGY 1) We know that 5 WAVES DOWN can be the start of a LARGER correction or 2) That it could be the end of a C wave Both cases bring the price to my RED BOX or decision area. I've said earlier (previous illustration) that 60k - 62k would be the area of interest but I'm betting that 62k - 65k should actually be the...

Lord_Of_Dax_

There is no doubt at this point in time. BTC is in a 5 -WAVE downward movement and we are nearly the end of this SWING. As an Elliot Wave analyst my goal is to forecast where the 5th wave of the 5th wave will end. 1) I'm waiting to see where the sub-4th wave will stop 2) once it's done, I will be able to forecast the sub-wave 5 that will complete the BIGGER...

Lord_Of_Dax_

SUSHI is clearly in a BEAR cycle and has already retraced by 78.6%. This could act as support once again If the 78.6% doesn't hold, 90% and $3 dollar could be the next target

Lord_Of_Dax_

BULL cycle is not over in my opinion. FET seems to be in an irregular correction and should be looking for higher prices. My BOXES represent the 50% and 38.2% and also the C wave projection. I'm expecting a reversal from here to start our wave 5.

Lord_Of_Dax_

1) C wave projection could go up to 1.618 but we will remove this hypothesis as we don't want to see the the C going below 61.8% of wave 3 at 3600. 2) 61.8% is where I see that the C wave could go at max. So my SL should be place below if I decide to enter a position when the trend goes lower. 3) Confluence: 78.6% (C wave) and 50% (wave 3) are aligned Same for...

Lord_Of_Dax_

Cardano seems to have started another BEAR cycle. The correction is already BIGGER than wave 2 and wave 4. Wave A has already retrace sub-wave 1 of wave 5 to confirm the BEAR cycle. A reaction rally is expected though.

Lord_Of_Dax_

Nice falling wedge of BTC. We are currently waiting for the move to end. BTC should revisit the 60k region sooner rather than later.

Lord_Of_Dax_

If I follow my recent analysis on ETH and look at it the same way for BTC, I obtain another 5 waves with a TRICKY wave 1 that does respect the LAW of alternation with wave 4. After nearly 3 years of a BULL Cycle for BTC, there is no doubt now that we could be near the end. This is obviously my personal opinion. If BTC is still consider as a risky asset with a...

Lord_Of_Dax_

ETH has started its BULL cycle almost 3 years ago. On this illustration we can notice a clear 5 waves patterns which could indicate that we are near the END of a BULL CYCLE. The overlap between the 2 LAST PREVIOUS SWINGS is a warning to me that we could actually be in a 5th of a 5th of a 5th wave.

Lord_Of_Dax_

INDECISION TIME requires more effort to work on the CHARTS and therefore being ready to different eventualities. Here you have 3 scenarios: 2 BULL cases: -BTC has started its way up for the 5th wave towards 72k -BTC is still in a correction and is now forming a X wave of WXY figure. (Y wave needs to remain above 53k) -1 BEAR case: - BTC goes back into 60k...

Lord_Of_Dax_

This is a rare figure but you need to be aware of it. This usually happens after a WAVE 3 that came down quickly but did not extend. The figure itself is a HORIZONTAL TRIANGLE pointing down where sometimes WAVE 4 goes even below the top of WAVE 3.... very BEARISH of course. Please keep in mind that an extended 5th wave takes place quite often after a normal 3rd...

Lord_Of_Dax_

Possible ending diagonal with 54.7k TARGET for a C wave that goes down into 5 waves. C has always 5 waves!

Lord_Of_Dax_

Everyone is expecting an Alt season. This could take place indeed but it could also be the end of a BULL CYCLE. I'm seeing a potential ending diagonal 12345 to end this CYCLE. I see many people getting interested about Crypto lately like early 2018. Your hairdresser starts talking about getting into Crypto, your friend that was once against it, starts also...

Lord_Of_Dax_

TradingView wouldn't let me share my 5m Chart but as an EW analyst, I'm working on every time frame. Even 1m if I need to. We can clearly see an impulse move to the downside and expecting a final leg down before a relief rally. Black BOX is to be expected for a BOUNCE if wave 5 does not extend. As we've seen a quite significant extension on wave 3 (361.8%), I'm...