TribeWriter666

TribeWriter666

I don't usually disregard wicks but wave 2 was a black swan so in this rare case I'll make an exception. When you measure the 1st wave; the bodies of the weekly candles end perfectly in the high probability zone (golden pocket). If you project from the same place the wave 3 ends in the High probability zone for a 3rd (1.618 - 1.75). Wave 4 has hit the high...

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I thought this was going to be a quick and easy analysis but it's latterly taken days! I got bogged way down in the Elliott count and in the end had to strip the chart bare and start again. What you see here is as simple as I could make it. I still prefer the bull count but it's always good to have a roadmap for when you're wrong. But there are a couple of reasons...

TribeWriter666

Earlier in this cycle these were one of my favorite setups.. The win rate was ridiculous. Looking for a breakout and retest of the neckline. Should coincide with the 244 EMA SR flip on the daily. The Trade: Long: Entry: On the breakout and retest of the neckline Stop: 4h close back below the neckline Target: length of the head projected from the neckline....

TribeWriter666

Like almost everything else in the crypto space, the proposed wave 4 for Vechain is deeper and has taken longer than I would like to see. Worth noting is that wave 3 didn't hit the full 1.618 extension either. Above is the bullish case but I also have a bearish case in mind that I will post early next week. Key Points: Wave 2: Hit high probability zone (0.618...

TribeWriter666

THEATA : USD Potential wave 5. The fib relationships look good but the time its taken for wave 4 to complete when compared to wave 2 isn't great. EMAs are bearish. That leads me to consider two main options, 1 this is a bear market relief rally or 2 its still a bull market and wave 5 has just begun. The bull flag is enticing and the risk reward on this trade is...

TribeWriter666 Updated 

Nice Inverse head and shoulders setting up for TVK. Depending on entry, this trade is setting up for returns of + 105- 270% and just to target 1 it's around 1:3 Risk: Reward. A re-trace to 0.12 would give an excellent R:R at 1:9. If it hits target 2 the R:R is closer to 1:8 and as high as 1:22 if your entry is closer to the 0.12 mark. Inverse Head & shoulders...

TribeWriter666 Updated 

These mid- large caps have been frustratingly slow compared to all the action we've seen in the hot DeFi projects. But since DASH has undergone a large Wyckoff Accumulation; I'm predicting there's a large markup period still to come. It's proven difficult to time DASH this cycle (along with similar charts- EOS, LTC, BCH etc) so rather than try and time it; I'm...

TribeWriter666 Updated 

Matic (now Polygon) Has been making some serious moves this year (100x). There's very few things in this life that I regret- not buying more Matic at $0.016 is one of them. Like many others in the crypto space- the Elliott Wave count suggests Matic is in the 4th wave of the 3rd wave. The 0.236 has been hit so this correction could be done but length of time...

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I've been hearing about COTI for a fair while now but my focus has been elsewhere. Now that I take a closer look, I wish I had paid attention sooner! If you are bullish on the Cardano ecosystem, this might be one to look into as they seem to have some close ties to ADA. COTI has had an amazing run since the COVID lows achieving a 20x but it looks like there could...

TribeWriter666 Updated 

Just a quick one; obviously time sensitive. Excellent risk : reward in this trade > 1:8 Looking for +13% + There has also been a breakout of the recent downtrend. This low for the right shoulder is also a retest of that breakout. + looks like Wyckoff accumulation is well underway, keep an eye on this. Inverse Head & shoulders trade: Entry: around $1868.5 (Right...

TribeWriter666 Updated 

I love finding leaders and lagers and this seems like a perfect example. Its easy to see the similarities in these charts- they're not exactly the same but wow are they close. The last time I noticed something like this BTC had just hit 20k while ETH was still at $500 (see below). Just like BTC was leading the way then; it looks like ECT might be leading DASH (&...

TribeWriter666

This is ONE beautiful chart ;) if this plays out honestly this is one to frame and put on the wall. I can't help but marvel at how technically perfect it is. If this plays out- it'll display the real power of Elliott wave. This 4th- 5th wave trade is the bread and butter of Elliott- it doesn't get better than this. Key points 2nd wave retraced to the high...

TribeWriter666 Updated 

Feels crazy to say this considering all the gains we've seen recently, but it looks like the real altseason is only just beginning. This Elliott wave count suggests that ETH measured against BTC is about to go into the 3rd wave of the 3rd wave (Often the most explosive move) with a target of + 234%. What does this mean for alts? It means hold on... Things are...

TribeWriter666 Updated 

Can't get better odds than this. If the pivot low holds there is an 80% probability of the price reverting back to the median line. Currently the target is +45% but the longer it takes the higher the target. A realistic target would be around 80% Key points: The low is at the 0.618 fib Pivot low need to hold Entry: at current price 0.03077 Best entry at...

TribeWriter666

Before you crucify me... Yep I know! Market cap big big! Is that even possible? Well first target ($3.11 +22x) would put the market cap at around 190b. If I compare that to where the market is now it doesn't look likely but if I compare it to where I think the rest of the market will be by the end of the year; it starts looking more reasonable. However, the second...

TribeWriter666 Updated 

So many of these have hit targets lately... Almost feels too easy. Target 151 Sat (+74%) Never Trust. Verify. D.Y.O.R. Not Financial Advice Just an Observation. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.

TribeWriter666 Updated 

BTC has been on an amazing run this year, Seems like nothing can stop it. However it feels like a correction is overdue. The question is; will BTC smash through this median line and make its way to the top of the channel or will it correct and retest the channel shown in red? Key points: Oscillators are at extreme highs (but they can stay this way for a...

TribeWriter666 Updated 

Understanding the relationship between BTC Vs. ETH is crucial to maximizing your BTC stash. When ETH runs so do the Alts and your BTC value also increases. When BTC runs everyone stops and watches in awe. So given the price action of BTC lately, your alt bags have probably been making some nice USD gains, but I bet you've been hemorrhaging BTC value? For most...