schu3269

schu3269

Hello Friends, I've been trying to tackle this count for a couple of days now and finally came up with something that fits the picture and seems to work. I’m not in love with this count—it’s very tricky when it comes to the X wave. I’ve been reviewing and processing what the highest probability count could be for this part of the structure. As we understand it,...

schu3269

Hello There, There is the bullish case in which we bottomed and we are heading higher with a completed sideways combo in the wave 2. Currently we could be starting Wave 3 with a Leading Diagonal in the wave 1. Probabilities? currently looking at both cases I think the bearish case may have a slight higher probability at the moment to dip in the $1.4 - $1.9 range...

schu3269

Hello there, I am presenting a bearish (short term; current post) count and a bullish count (in my next post). This is showing that we hit a truncated top (see previous posts; attached) and we are coming down in the $1.9 - $1.4 ish range to compete Wave 2 (or could be Wave B) of cycle. I see us pushing to the $2.9 - $3.2 ish range to finish the C wave of the...

schu3269

Hello friends, Just wanted to post this and potentially call the end of the wave 2 correction of the Major Wave 5. It's possible we have completed this sideways combo. Finishing with a zigzag to finish the Y wave. If we go any deeper it may be actually a larger correction hitting to mid $1.5 ish.. I don't expect that to happen. It would be on the lower...

schu3269

From the spike we had yesterday, it looks like we have two options. Either we are making an 1-2, 1-2 OR we are not finished with this wave 2.. Considering how fast we went yesterday, usually I don't prefer that to be an impulsive wave. From the many counts and charts Ive studied there is an higher probability its a corrective wave, hence, an X wave in this case. X...

schu3269

My last post I initially thought we could be in a Contracting Leading Diagonal. Upon studying the initial bounce we got from the liquidation event. It looks like an Expanding Leading Diagonal. We have been in this "chop" which looks like a Flat in the Wave 2. I currently have buy orders around the $2.00 mark. If you have any questions feel free to reach out GOD...

schu3269

Hello Traders, Been trying to wrap my head around this current bounce we are having since the liquidation spike. We have two options 1) We are currently creating an Contracting Leading Diagonal to start off the 5th Wave (currently shown above) 2) We are in a 4th wave and heading down to finish the major wave 4. We have not started wave 5 yet. im currently...

schu3269

What a tricky count! If it smells like a triangle, looks like a triangle then its probably triangle, right? Well in some case that is true in others it's not. Considering the price action we got yesterday with the liquidation event, we are forced to look at our alternative counts. This is a revised count of the competed Macro Wave 4 XRP. Feel free to ask...

schu3269

It looks like there is a possibly of a 5th wave truncation, hence waiting for this move to continue higher and meant with a radical zigzag pattern to punch us in the face. Now we will see if we are going to make a Wave B correction of the largest degree and go that for $8 -$12 ish target range, or XRP is pretty sure done for.. Either way we have some time to take...

schu3269

Hello There, From the price action today, I have updated the count with an ED or Ending Diagonal. Also I updated Wave 4 and I don't think it was a triangle, but a sideways combo. It is still possible for it to be a triangle, but would have to do a deep dive to confirm that count. Today on how low we went in the 4th of the Larger degree 5th, we broke wave 1 on...

schu3269

Provided is my Macro XRP chart. I have wrestled with this chart for sometime and I have came to the conclusion that the Marco pattern is a bearish one. an WXY combination pattern in the Elliot Wave sense. I am an XRP bull, but I am a technical analyst, and as much as I want this chart to keep going, I'm not sure. I only read what is on the chart and this is the...

schu3269

This is my first public post of my Elliot Wave TA. Here is a snapshot of the final 5th leg of BTC mapped, and to finish the 10 + year impulse wave or wave 1. For more details of count structure let me know. God Bless and Trade on