jamesasb

jamesasb

looking like wave 4 should terminate around here, new ath and probably extended 5th ahead

jamesasb Updated 

symmetry of fractal waves indicates 24k area, which is about a 61.8% retracement from ath. the 1600 ema can provide good strong support if we are under the 800ema currently at $35k

jamesasb Updated 

If we are not in a multi year bear then this is an extreme shakeout and formation of wave 4 triangle with bullish bias

jamesasb

I'm expecting natural gas to move towards the target, invalidation at SL. Good R:R

jamesasb

as everyone thinks BTC is dead, are we simply in a running flat?

jamesasb

moon or doom? there is a very credible bear case. if true then we go $1350 area before new ath

jamesasb Updated 

its possible to look at bitcoin this way, Do you agree?

jamesasb

illustration of the geometric and cyclical nature of bitcoin which needs to get above 36k area and show strength, I see only weakness until that happens . For the Elliot wave guys we might say we are currently on a sub3 of 5 of C which can easily end at the 1.414 of sub1 at 19k. happens to be our point of interest from may 21

jamesasb

sometimes trading is equal to gambling and should be avoided

jamesasb

I reckon this is going up XD Inverse head and shoulders forming what will happen when it touches the channel limit?

jamesasb

I now prefer to look at the bitcoin triangle as a bearish 1212 as being ther most likely situation due to 5-3 5-3 internals, if this plays out expect a vilent move to the downside

jamesasb

WOULDNT IT BE AWFUL

jamesasb

some fractal comparison with similarities, the shitcoin merry-go-round stopped last week and greed turned to fear. I think we need to see extreme fear and everyone who has been bragging about crypto to feel silly and quieten down. would be intetresting to see high profile figures underwater and holding their breath for a little while, I believe this fractal...

jamesasb

Maybe this ends at 30k area, would be wave C of 4 =1.618 of A before we have a go at 100k maybe

jamesasb

look at those fractals, the blue one is the same just upside down, its beautiful continuation, maybe a whipsaw at the end to really shaft the retailers

jamesasb Updated 

iota will go into beast mode again, here we speculate entry

jamesasb

thoughts on possible iota entry point for a multi year hodl

jamesasb

So we have the main bullish wedge, looks like ending diagonal idea for eth bear market and bottom is likely in. We can be more confident when we look at the seller exhaustion spike on the termination of the diagonal Wave B doesn't have ideal structure but it channels ok Oversized Wave A is fine because of the huge extended 5th.