This would be alternate path. I would have to suggest that the patternt is not done in 5 clean waves. Hence why i am suggesting that only the wave 4 is in. Anyways. If we have 5 down again, thats would be clean as MR propper.
Double zig zag is in the play in my opinion. Switching the perspective to line chart gives better clarity because of the wickery. Just as having the wick above the (5), it might happen that we wont have a lower low point on XRP for ultimate bottom. Btc drops once again, and pulls everything with it, and if it finally bottoms , we might see the Bullrun,...
The first sequence of a corrective pattern is over IMO. Either going up or forming a wave X. We frontrun 0.5 retracement of a whole structure. Yet to see the future forming so that we can apply EW pattern and perhaps call the end of 2 if it already didnt happen. Personally i expect lower lows...
Yellow count represents wishfull thinking. IT would look like an absolute beast of an impulse. THen we could prepare for the potential pullback and set our longs. Red count would be more realistic. While red ii took time to correct, wave iv was just a consolidation. Cant be sure of the actual count so i provide both... Will update If this analysis helped...
3.618 in log scale, not every day that we see these. If retracement levels of wave 4 are respected and we form another impulsive wave (5)... Retrace should be bought to long this one because we might be seeing a potential reversal on a macro scale.
This would be a prolongued catastrophic draining and patientce/willpower to live outcomes be. Slow grind of a 3 wave move just to have a nother sharp drop in 3 waves to kill the current lows and run all the stops, create blood on the streets and to make people say that the crypto is dead AGAIN.... One of the potential counts...
First sign of life on this one at the end of July. Ew pattern somewhat clean. Potential roads presented. Enter the matrix
2 possible bearish paths for tsla if the first descending move on the macro was a leading diagonal, Zig zag up that terminated in mid july. current move downwards doesnt give impulsive vibes. Lets see if algos will continue to be bearish Paths clean on potential pivots
Weekend sideways action in crypto space before the last drop? This count represents the second potential 12. however , bigger time frame could suggest that we are placing a Zig Zag and that we will eventually return back to the stone age with the whole crypto space.
This would be the case of a potential flat 4 forming. I repeat that the 5th wave could already be in and we could be starting the retrace and correction. Perhaps its not moment to go long, but it is the moment to be carefull on stop losses in case we shorted.
Impulsive looking structure downwards. Incoming months can show some sideways action for the wave b before we hit the C and despair on this one. Wave B can be any corrective pattern Flat/Zigzag familly/ Triangle.
Impulsive structure still holds. Question is if its gonna. Still the same issue like other coins. Sideways weekend before the last drop? Plenty of times i see 5 waves up and something that looks 3 waves down but it fails to hold.
Not so clean in wave C of the drop. Crypto tends to descend deeply for waves 2. Which should not be the case if we are making second wave of third wave. Im still 50% - 50% on the whole crypto space if we will have the bull run.
Current sugested count for BTC would be a sideways combo containing W Zig zag X Flat Y Flat Even tho this looks like an Flat structure, we cant have flats in waves B of a bigger flat accorrding to Elliottwave international. Green areas are places where i am waiting for potential supports and bounces. If we are creating (i) yellow (ii) yellow, this could be the...
Im of the opinion that we are printing the wave 3 of the last leg of the drop of Orai chain. This will go along with the last btc drop. If Btc is actually making waves 1/2. Accumulate. Then Send it!
Bear case is 12 12 red count. However, seems like it formed a leading expanding diagonal (presented in yellow) Which inclines that higher highs (regarding yellow (1)) should appear. Will it be a C of a zig zag or a wave 3 and new highs incoming.
Perhaps this could be a reversal point for Tesla. I can see 5 waves of the lows. Current pa looks corrective more than anything else, so a long with a decent stop loss wouldnt be a bad idea.
Of an Elliott wave with double combo W being a Zig zag X Flat Y Flat Some stops need to be triggered still and this would be a good road map towards 20K ish