pharoahscursed

pharoahscursed

Using Fibonacci resistance arches to eyeball probable landing zones of the wave 5 correction, wave 3 of the C of the WXY correction. Algo's are giving good for a quick scalp for wave 4. Could be wrong though. Note: I pulled out the Fibonacci resistance arch starting from the first impulse wave which would be from X wave to first swing low of the correction wave.

pharoahscursed

The algorithms usually target 14-23% as first targets which could extend all the way up to 50%, 61.8% or even up to 100% in most scenarios. No trade for me yet, though we are nearing the end of the correction. I included all possible counts including both bull and bear scenarios hence the multiple WXY and WXYXZ's in the chart. The primary and secondary counts do...

pharoahscursed

Correction still in progress. hotbox of fibonacci algos could end correction. Still uncertain with the wave count.

pharoahscursed

elliot wave goal confirmed. Price could still go up though. Im selling a few to lock in some profits. both goal levels have been met.

pharoahscursed Updated 

after the long consolidation, we could be looking at a truncated 5th wave. Energy might've been spent on the 3rd impulse wave.

pharoahscursed Updated 

BTC sure taking it's time correcting. We are still at the 4th wave, so expect a final not so dramatic 5th wave.