theansweris42

theansweris42

This pair has the best structure for EW and KC analysis. Base channel shown in Blue and Acceleration channel shown in Green (with adjacent shadow channels). Green and Red lines illustrate energy barriers (dynamic support and resistance offered by the growth structure) offering support from above (Green) and resistance from below (Red).

theansweris42

Extended 3 bearish motive wave in play plotted using KC and EW. The box represents my target (~$3400-$3500).

theansweris42

Developing price architecture using KC

theansweris42

An architectural overview of the corrective wave in play . Current wave in progress is the 'C' of 'B' of '4' with a low-target of ~$3450 on 12th Jan and a high target for wave 4 of $4628 on 21st Jan.

theansweris42

An architectural overview of the bearish motive wave in play. Current wave in progress is the 'C' of the fourth with a target of $4670 followed by a final move down to $2400 for completion of the higher degree structure.

theansweris42

Down to ~116 before another rally

theansweris42

This rally looks to be unstoppable. The extended fifth has developed a further nested wave one, which is currently retracing. The last peak resulted in a further top-side break of the acceleration channel and there has been no motive-wave re-test of the under-side of the acceleration channel yet. This pair is currently making a parabolic advance. Very long indeed!

theansweris42

My current high probability bounce zone is somewhere in the box. I'm using box-entry as an eyes-on trigger. I don't intend to open a long position until I see a wave 1 candidate materialise in that zone (see bottom left for the previous).. Justification for box bounds: (i) Intersection of base and deceleration channels (ii) wave A-B length parity confluence (iii)...

theansweris42

There's a high probability the top is now in for this rally. A nice £816.00 / 32% move!

theansweris42

The large Green channel is bearish acceleration. Once we hit the confluence at the circled area things are going to get interesting..

theansweris42

The life and times of BLX (BTCUSD) in semi-log scale with major Kennedy channels, inferred Elliott wave structure, key inflection points and key retracement levels. Kennedy base channels shown in *Blue*. Deceleration channels shown in *Red* BLX is in high probability of wave 1 of 1 of 3 based upon retracement depths acheieved so far in 2011, 2015 and 2018.

theansweris42

Depicted are the major active Bearish acceleration channels for 1/BTCUSD. I don't intend to place any BUY orders until price exits the bottom of *all* of them.

theansweris42

Green = Acceleration Channel (5) Red = Deceleration Channel (3) Blue = Base Channel (1)

theansweris42

The life and times of BTCUSD in semi-log scale with major channels and key inflection points..

theansweris42

This analysis has a final fifth-wave move down to ~$5k inferred from Kennedy Channel EW analysis.

theansweris42

This wave count has a 3 of 3 of 3 incoming. Kennedy channelling used to assist inference.

theansweris42

An interpretation of price movement as an Elliott motive wave

theansweris42

Having mapped the motive (5-wave, green) + corrective (3-wave, red) structures through-out the correction, they seem to be painting an Elliott Wave 'Double-Three' structure (possibly a triple-three but that would take a while longer to confirm). This is comprised of a corrective wave 'W' followed by an inverted corrective 'X' and finally a non-inverted 'Y'. I came...