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
Leading diagonal with a zig zag B or 2. getting a wave 3 down wouldnt be that logical. Leaning towards C at max if we are bearish. Bulish counts exist but i dont lean towards it right now.
Still dont see 5 significant waves down. But i am leaning bearish. Cant exclude the possibility that we are building some sort of green pattern that is presented as well.
If this pivot holds , we are good to go . Retracement is still 3 wave looking structure. Normaly 5 waves are stronger than 3. Waves 2 are usually sharp zig zags with deep retracements.. Here we have one.
Double combo. Zig zag W Flat X Flat Y waiting for 1.618 reaction or a spot for new longs. Up until then, hurry up and wait. Sometimes , when expecting lower lows, things decide to find bottom as well.
Double combo. Zig zag W Flat X Flat Y waiting for 1.618 reaction or a spot for new longs. Up until then, hurry up and wait.
Wedge somehow fits into an ending diagonal of the zig zag structure. If it was a zig zag, 1:1 is a decent bounce area. If the correction is over, higher highs are incoming. Send it safely with stop losses.
If there is a truncation in the count, i would suggest red. However, Something could be done as well, so i present yellow trajectory as well. 5 Waves are down, hoping to find some support on this one here. Go
Long term target is 125$ (optimistic one) Already a nice target would be the price of 20 $ in linear scale. All depends if we are getting a massive bull run in crypto. Red arrow is alternate lower low before we take off. Stay safe.
Two possibilities presented. Already a deep retracement which is kinda normal whit suggested expanding leading diags. Alternative count would be that we are setting a full impulsive pattern.
If humanity doesnt go extinct. Uranium . if it gives any price between 10 to 14$, im getting in and this is a full send. The initial drop is not just enough for me to be sure in an elliott wave count correction wise. The faster it drops, the faster it will jump as well. I would really like this to go lower. But current global happenings might just send it...
Im almost in disbelief that we will see a wave 3 forming from this suggested wave 1. wave 2 way too deep. I would have to wait and see the further developement. I think that we might see lower prices so therefore , i would have to change the count. But not just yet. Last stand
If this is not the last leg of supposed impulsive C of a larger flat, we could be simply having a Flat as a wave Y of a double combo. Waiting for 3... if it ever comes.
Yellow- go. Red is double zig zag with a flat X . Elliott not so clean but not so bad either. Sitting on longs since the Junes spike. For some reason i feel like the red is incoming.
Wave 4's purpose is to correct and consolidate the price movement from Wave 3 before the trend resumes with Wave 5. Traders and analysts use Elliott Wave Theory to try to anticipate potential price levels for the end of Wave 4 and the subsequent start of Wave 5, but it's important to note that Elliott Wave analysis can be subjective and open to interpretation...
Still looking forward for some consolidation and higher prices on Nio. Nailed the count so far. Hopefully, the machine doesnt fail to deliver. Keep on keeping on. <3
Current vibe, just like btc. I could see it going up . Decent area to buy is green. Previous structure (triang/ impulse) are strong supports. Go now...
Bad news everywhere on this one. Ugliest potential C of a flat ever. Who is buying this even? Well. Perhaps people that are buying the blood. There is an impulse and the aftermath is corrective. Pick your side. Wanna short now?