Mika_k

Mika_k Pro+

We have just finished a flat. We will break out of this channel and head to 76499. If we head to 53k$ I will have a bearish setup. Also, MACD is diverging upwards along with RSI. I don't expect this move to be too quick though. Look at my last Bitcoin post for the longer-term picture.

Mika_k Pro+

After breaking out of this channel, I believe that Tesla is heading back down to 950 to close the gap.

Mika_k Pro+

The idea is as follows. Bitcoin is going to 100k+. P1: July 25th is the low for wave 4 of the cycle from the greater degree. The movement from the 25th to the 6th of September I am labeling as a wave 1. The price action following that has worked out into a really clean a-b-c to the downside. P2: At the moment I am writing this, we have broken out of the...

Mika_k Pro+

I call this a tesla short idea, primarily because that is all this is, an idea. I have been looking at tesla on both a line chart and a bar chart, and have noticed a 5 wave structure that has unfolded. The count is a full impulse to the upside that has an extended third wave and an extended fifth wave. Since these are rare, my justification is that the hype...

Mika_k Pro+ Updated 

The trade is as follows: What are we working in? Currently, we are near the end of wave 4, of a primary move. My reasoning for this is that we have a clear, extended 3rd wave, with all subdivisions correctly labeled. This is confirmed by alternation in wave 2 and 4 of the 3rd wave. We also see that the third wave hit the 2.618 of the wave1-2 extension and the...

Mika_k Pro+ Updated 

The analysis is as follows. If you have followed my past analysis, you would see that I have called the top for this being the 3.414-3.618 area which we have hit. My past idea that the wave 4 was what I had previously labeled is correct. Currently we are in a channel, meaning that the move downwards hasn't yet been confirmed, although I think the double top we...

Mika_k Pro+

The analysis is as follows It appears that we are in wave 5 of a greater trend move. This is confirmed by the fact that we have just broken out of a triangle, and according to Elliott wave principles, the triangle always and only precedes the last move of the greater trend. In addition to being the wave 5 of the greater trend, within the wave 5 we are in wave...

Mika_k Pro+ Updated 

The analysis is as follows: Currently, we are in the wave five of a primary impulse wave. What makes me believe this idea, is that there is clear alternation in the waves 2 and 4. Wave 2 is a short and deep zigzag, whereas wave 4 is a long and shallow triangle. The wave 3 is CLEARLY extended, and this is obvious from its very shallow corrective waves, and its...

Mika_k Pro+ Updated 

In this analysis, I will be discussing the possible short opportunity in the CHFHKD Pair. It appears to me that the greater trend has been completed, and we an a,b,c correction take place. My first reason supporting this is that we have broken out of the trendline for the greater impulse structure and rejected it before sharply moving downwards. Similar to...

Mika_k Pro+ Updated 

The case is as follows. The greater trend appears to be toward the upside. Assuming my elliott wave is correct, we are currently in the 5th wave of the higher trend. Evidence for this is as follows: There has been a clear wave 1-2-3 developement. Wave one was followed by deep and short zigzag. Following the zigzag downwards, we see a clear, extened wave 3....

Mika_k Pro+

The analysis is as follows We have made a head and shoulders and broken the neckline It appears that we are making an abc to the downside. The wave A and B have finished and were incredibly clear. Currently we are in the developing wave 3 of the wave C, and I assume that this will take us down to the 10$ mark. This 20 dollar mark is the 1.618 of the wave one of...

Mika_k Pro+ Updated 

The case is evident from the chart. Similar to my EurUSD chart, we are in the middle of the wave 3, of the wave 5, of the greater trend. My reasoning behind this is stated below: 1: A very clear extended third wave can be seen. All of the rules and guidelines for an impulse wave have been followed. 2 does not retrace beyond the start of 1 3 is not the shortest...

Mika_k Pro+ Updated 

I am not picking a top. While I am posting this there is no guarantee that we have hit the top, but I believe we are near the top. As the analysis shows, we appear to be finishing wave 3 of the higher trend. My reasoning behind this being a wave three is as follows. Wave 3 of this wave is not the shortest. It is a 5 wave move, making it impulsive. We see...

Mika_k Pro+ Updated 

We see a larger term impulse wave has formed. The wave 5 appeared to be an ending diagonal. This is confirmed by the sharp move to the end of it almost immediately after. Assuming this is a wave 5 diagonal, we can see that it had a throwover, which helps support the sharp decline downwards that followed. There is clear alternation in the wave 2 and 4 of the...

Mika_k Pro+ Updated 

This is purely so I can practice for my elliottwave exam. This could be a wave 5 move of the greater trend, or this could be a wave 5 of the wave 3 of the impulse. I am more convinced that this is the wave 5 of the greater impulse since we have seen a move to the 1.65, which is the usual wave three target. This seems like an impulse since it meets the...

Mika_k Pro+

GME down to 9$. A break above 12 and I am getting out. But for now, This is the setup.

Mika_k Pro+

Hey everyone. I hope this finds you well. I apologize for my abscence recently, but I hope you have been able to pull a profit without me. Anyway, he is the trade setup. Although btc is incredibly bullish, LTC seems to be lagging just a tad. From my wave count you can see what looks to be a nice 5 wave move, where must fib targets were hit spot on, or just a...

Mika_k Pro+

Hey everyone, I think we are seeing a bitcoin short opportunity. Stop loss is the 137500 and the target is 12800