lecorrea

lecorrea

Just an idea about Bitcoin cycles. Every cycle expands to a fibonacci ratio, with every cycle expanding to a smaller ratio than the previous one, and every time retracing less. This would emulate an S-curve of adoption of this new technology. Current cycle would peak at around $180k-$200k, and the following cycle would take us to $1M. Just an idea I wanted to...

lecorrea

BTC Dominance could potentially reach 80% before we see a major major ALT Season. This would be the map for it to happen.

lecorrea

So previous analysis was invalidated, no triangle formation. So now we're looking at possibly a WXY complex double correction, and we would be looking at the 50% retracement of the whole move up, at 8,500.

lecorrea

This is how I see BTCUSD playing out in this correction. It looks to be making a Triangle formation (which is formed by 5 ABC waves). So I would expect two more ABC patterns before finally starting the next bull run. I expect this current ABC pattern to stop right there at 10.5k since this is the 78.6 retracement of the previous ABC. Also, it coincides with the...

lecorrea

Here we look at a possible 5-wave ending diagonal that coincides with a big resistance. We also see a lot of divergence, so we're looking to short with TP1 being at wave 4 and TP2 at wave 2.

lecorrea

Here we see a strong impulse down, and we're seeing an ABC correction that's right at the 61.8 fib retracement. We should expect another impulse down to the -27% fib extension.

lecorrea

Here we see USDJPY already broke the uptrend it was on and looks like it started its trend now. We see the elliott wave cycle where it made 5 waves down and the ABC retracement, reaching the 50% fib level. At this 50% level we see a lot of confluences that indicate price could reverse. It is a zone where there has been previous support/resistance, and also we see...

lecorrea

Here we see a 5-elliott wave bearish pattern with the 5th wave being an ending diagonal. This is followed by a 5-wave ABCDE triangle retracement coinciding with the 50% fibonacci level. We're looking to trade the next bearish impulse going at least to the 0% fib level.

lecorrea

The idea here is simple. We had a strong bearish impulse, then price started slowly retracing and reached the 50% retracement level. We are waiting for it to make a double top right at that level in order to enter for the next bearish impulse that should go at least to the 0% level, and could go as far as the -61.8%.

lecorrea

After Gold having a long bullish run, we see that it made a strong bearish impulse, followed by a retracement to the 61.8% fibonacci level. We're looking at another bearish impulse at least to the 0% level, and this will complete an ABC retracement from the bullish run.

lecorrea

Gold made a Doji on M30 on the 50% fib retracement that coincides with previous resistance. We're looking to buy up to the -27 zone where price has found previous support.

lecorrea

Impulse, Retracement, Impulse. Coincides with 38.2 Fib Retracement, although it is a strong possibility for it to go up to 50% or 61.8%.

lecorrea

We see here two ending diagonals overlapping and coinciding with the 61.8 retracement in a larger timeframe of the bullish impulse. We should expect price to go up, and we should take partial profits whenever price reaches wave 2 of each ending diagonal.

lecorrea

4th Wave retraced to the 61.8 fib level, and now looking for the 5th wave extension to the -27.

lecorrea

5-wave impulse followed by a ABCDE triangle to the 38.2 fib retracement. Expecting a next impulse up to the -27.

lecorrea

Ending Diagonal, we're looking for it to drop to wave 2. Going conservative and taking profits on wave 4 in this case.

lecorrea

Started going down, and now broke a previous support, retesting it as resistance, making a double top (or flat corrective wave) on a fib level. We're looking to go down all the way to the -27% extension.

lecorrea

Bearish impulse followed by a flat corrective wave to the 23.6 fib retracement. We're looking for the extension of the next wave.