JMSBurton

JMSBurton Updated 

This post presents a potential top for BTC Price Action (PA) for your confluence and Risk Mitigation. I do not care if I am wrong, and invite constructive comments to improve the count and enable everyone a more holistic understanding of BTC PA, rather than destructive comments that do not achieve anything other than show the community the type of person your...

JMSBurton Updated 

My thesis regarding gold is simple—an Expanded Flat correction for Wave 2. The primary rationale for this determination lies within the retracement on completion of the initial 5-Wave move up on completion of WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if...

JMSBurton Updated 

I think that this concludes Intermediate Wave 2. I could be wrong, I hope I am, because if I am right, the carnage will be terrible. Please mitigate your risk, that is the only purpose as to why I have started posting. Please, please, please be careful. Trade safely.

JMSBurton Updated 

Honestly, I do not think the correction is over, I think we may see near Covid prices again... The lack of a "covid wick" on the monthly is the biggest giveaway to me. I must admit, my macro has errors and therefore, can only trade my micro, however, at the end of this set we could really dump. I know Bulls are calling for buys at 28k, but honestly, with the...

JMSBurton Updated 

I have enjoyed my Macro BNB post, occasionally checking it and pressing play on the chart to see how PA is behaving IAW my expectations. So here is one for ETH... I am not a bear, I am the Honey Badger, I chart what I see and surf the waves. This count is Valid, if you disagree, I invite a healthy debate to enable all of us a more holistic understanding of the...

JMSBurton Updated 

Are we already in a Bear Market? I don't know... The chart seems to be suggesting it... What do you think?

JMSBurton Updated 

First Published: October 5, 2023 Disclaimer: Please be aware that the information provided in this post is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carries inherit risk, always conduct your own research and, if necessary, consult a qualified financial adviser...

JMSBurton Updated 

I am now under the impression Minutte Wave 4 is now complete, and price action now resides in Minutte Wave 5. If this trade plays out, I will look towards it as a confirmation of my overall count and current bearish sentiment.

JMSBurton

Disclaimer: Please be aware that the information provided in this article is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carry inherent risk, always conduct your own research and, if necessary, consult a qualified financial adviser prior to making any investment...

JMSBurton Updated 

No need to sweat, the bears have ran out of steam, the correction is over. If you followed my count of the Wave 4 correction, you would have known I have called the bottom. Here is a quick rundown of how I see the next two weeks playing out. Let me know what you think...

JMSBurton Updated 

Talk about complex corrections. This Minutte Wave 4 is the hardest correction I have ever charted live, which gives me a good indication as to market sentiment. I can tell you are all unsure, you don't know if you should believe my bearish sentiment, or, join the moonboi's as we hit 100k. I am continually attempting to validate my count, I am only looking for...

JMSBurton

In trading, learning from your mistakes is an essential part of evolving and improving as a trader. In this article, we will dissect a recent trade that did not go as planned, to help you understand the importance of correct Elliott Wave Theory (EWT) analysis and the significance of following a sound risk management plan. Mistakes are an integral part of the...

JMSBurton

Cryptocurrency trading is a dynamic world where market sentiment can shift rapidly, and even experienced traders can find themselves reassessing their positions. Recently, I had an interesting experience that highlights the importance of staying open minded and continuously refining one's technical analysis skills. In this story, I encountered a fellow trader's...

JMSBurton

First Published: October 8, 2023 Disclaimer: Please be aware that the information provided in this article is for educational and informational purposes only. It should not be considered financial advice. Trading and investing in financial markets carries inherit risk, always conduct your own research and, if necessary, consult a qualified financial adviser...