NICKVASS10

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POSSIBILITY OF MASSIVE BULL TRAPS: As articulated in previous posts, the preffered count taken is that an ABC was completed at -$17400 with C wave subdivisions evident. With price strongly bouncing at the $16900, there is potential for alot of traders to become overly optimistic and a bull trap could occur; this could lead to a strong move coming posited to the...

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A strong rejection was evident in gold at the $1810 level; which if you have seen my previous ideas on the longer term elliot wave count on Gold, there is valid argument to suggest a larger B wave top was formed at $1810 whereby a macro C wave down can occur and the waves shown on chart are the beginning of the subwaves this larger C wave move. From the posited B...

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In reference to previous posts a likely ABC correction was completed at $17400 with a 5 wave C wave sub wave count evident to add to the validity of the count; from there it was expected to see some impulsive price action to the downside in which price came down to the orderblock 2 given by a 4 hr orderblock which in the past acted as a key support area where many...

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Gold has had a strong uptrend since puting in a low of $1040 which preceeded to an impulsive wave structure to the upside with a 5 wave structure evident; a clear 3 wave structure can be seen in Micro Wave 2 before a strong Micro Wave 3 occured to the upside which was the largest and most impulsive wave of the Micro degree thus following the elliot wave rules...

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The forecastable ensuing path for bitcoin price action since November 9 when bitcoin bounced off ~$15600 was paramount to the identification of the wave structure of that such bounce; whereby, price if zoomed in bounced up in a clean 5 wave count with extreme validity. Therefore, given such wave structure of the bounce we could expect a 5-3-5 flat pattern to...

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Matic provides a unique long oppurtunity and could see some bullish price action ahead with a larger 5 wave move up towards new highs yet to be completed. Off the low of ~$0.32 some impsulive wave action has been seen having come up in a 5 wave count completed at the high of ~$1.05 with clear sub wave counts adding to the validity of the overall count. Matic then...

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Bitcoin continues to operate in a larger Macro 5th Wave, price rejected at a key weekly orderblock at $21500 whereby a strong 3rd submicro wave occured pushing price to the ~1.382 fib extension occured at ~$15650 before a quick releif rally occured in a likely completed Sub micro 4th wave and price will continue to move down. Price will likely test the ~1.618 fib...

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Bitcoin has completed an ABC correction to the upside in which we had an intial 5 wave impulse wave off the $18200 lows to form A wave , we then had a 5-3-5 sub wave structure to form the B wave at a low of $18650 before embarking on a C wave incline which was extremely impulsive with clear subwave structure as identified on the chart. Notably; price rejected on...

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Historic Ethereum Elliot Wave Perspective: There is a valid wave count to suggest that a Primary Wave Cycle has been completed from the inception of the Ethereum asset in October 2015 to the All Time High at ~$5053, whereby 5 primary impulse waves have been completed with evident subwave structure as visualised on chart. This would suggest a change of market...

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Since the low of $18125 price action has remained quite corrective and consolidative and has adhered strongly to this pivotal Schiff Pitchfork; using the genesis of wave W, the end of wave W and the end of Wave X as the 3 pivots. Price has constantly adhered to the Schiff Pitchfork and price is holding onto the lower warning line, having tested the lower warning...

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Bitcoin has seen some consolidative sideways price action since mid September, holding onto key support levels ranging between $18700 to higher resistance at $20350; ultimately a clear break in either direction gives us a clear sentiment as to where the asset will move in future months. In the larger picture Bitcoin remains in a possible Macro 5th wave to the...

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After explosive gains off of the $18200 level where there is key support, bitcoin rallied into 20k where it ultimately saw some rejection off those highs and has pushed lower in an impulsive fashion which could lead to a new wave structure to the downside; there are a few reasons which can support why BTC saw rejection at this level; there was a key channel which...

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As shown on chart we completed a 5 wave strucuture down from the high of 24650, in a leading diagonal fashion with an ending diagonal falling wedge in the 5th of the leading diagonal; following the 5 waves a corrective sequence was expected whereby we got an ABC flat correction and have tagged ~1.236 extension aswell as the strong orderblock resistance, looking at...

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After some slow overlappy price action; from previous analysis I had labeled the recent top at $24650 as a WXY correction completion and as Swing high which could push us much lower and start a new downtrend cycle. From the high we have developed a 5 wave leading diagonal structure where a ending diagonal wave 5 falling wedge pattern has formed notably tagging the...

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A new swing/local top has been formed at $24692, there is a valid count for a WXY correction to the upside to have been completed. Future price action will confirm if $24692 will hold as a correction completion; notably price hit the ~1.236 fib extension at $24692 precisely before sharp rejection occured in a impulsive manner. For the bears, this could be a short...

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BTC has shown a valid and quite clean potential 5 wave incline, where a false breakout of the key $24175 level occured otherwise known as a truncation or failure wave in Elliot Wave Terminology. There is a strong indcication of reversal with that clear rejection on attempt of new high partnered with the tagging of the 0.618 fib extension (gold) to the tee and also...

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Idea is shown on chart! Notice Bearish Divergence as well. Please like and follow for more ideas!

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As shown on chart here is a breakdown of shorter term wave cycle with clear subwaves evident which gives an indication of the larger degree position. A move towards $20200 is very likely and is an area of great confluence; current price action lies within the subminuette wave 3, therefore price should continue down in a 5 wave count before some...