I'm long BTC and have been expecting that we bottomed in blue wave 2 for next move to $800. However, the velocity is an issue since 3rd waves are always the strongest, so it may be that we need to put in a fuller a=c which will bring us to $327. The trendlines are what I'm watching for support. If we do take this route expressed in the alternate red than the blue...
ETHXBT shot into my target box given at last update. One of my orders triggered and it dipped just shy of my second order leaving it still standing. It then started to climb upward unexpectedly and so I entertained the possibility of an ED for C or a larger B. The magenta line was my target for a larger B (now made of minuette a-b-c while it was still at .026. It...
EA needs another large wave up to hit a primary count, but both it's corrective form and push off the bottom are janky. If we get 5 up into 71.60 the fibs improve and we can consider it a bottom. (Blue V) A 3 wave retrace can be tradeable. But I also suspect that we are not done and this was an ending diagonal (Red) and we'll start the bottom count over. Ending...
This is my primary count into the primary top in IBKR. Fibs project into 58 and change. The top is based on fib and wave count on the monthly chart. The correction may only take us back down to 30 but should have a longer duration than the primary wave 4.
Elliot wave would suggest that 5 waves are completed off bottom with classic impulsive structure. The blue box is suggestive of the correction target range from which a new 5 wave structure to the low 30's should commence. This box is determined by the fibs of the 5 wave and confluence a=c, plus the beggining structure of C wave that seems to have commenced. I...