JimHalpert

JimHalpert

I have no idea if this is valid or even makes sense as im still learning EW. However i am hoping this is a triple zigzag combo for our wave 4 before wave 5 down comes along. still working on invalidation points etc, any input is welcomed!

JimHalpert Updated 

im hoping we see a running flat/ backtest of the current parallel channel that Matic is in. however it is very possible that we see a 50%-61.8% retrace of the larger structure for a wave 2 before we go to the moon. either way i dont mind. input is encouraged

JimHalpert

following my current count( i am still learning EW) we should see wave 3 touch the top of the ascending channel or perhaps crest just above it before retracing for a wave 4, wave 5 should see us rise above the channel and then begin our new 3 wave move down to retest the top of the channel. i am still cautious as many belive we may see 57-58k as major resistance...

JimHalpert

If we use the fibonacci levels from the april top to may bottom, along with a fractal from the same time period we can see an eerie similarity. the first time frame dropped us to the 200 Fibo and if we measure this out along with an elliott wave count, that will put us at around 32-25k. waiting for any invalidations to happen before i reconsider more downside

JimHalpert

If you view the chart you can see an obvious pattern repetition between btc in january of this year, and the total market cap for crypto. if this is true, we are on the verge of our next leg up.

JimHalpert

The immediate short term is looking good for harmony as we have just hit my wave 3 target and will retrace to the .702 for wave 4 and then we will see wave 5 ending at the 1.272. now we are expecting bullishness to continue however we will see if ONE wants to follow btc or become independent like many other coins have.

JimHalpert

One can only speculate, but perhaps LTC from 2017 and ADA are too similar to ignore. are we ready for a parabolic run from Cardano, their hardfork, Japans coinbase announcement, a stable coin announcement from cardano etc? one can only hope. may the odds be in our favor!!

JimHalpert Updated 

I am excited for ICP's potential. I am hoping that despite BTC trend, ICP will be independent and follow its own path. So i may be completely wrong but using fibonacci and the current impulse wave up i have a rough path/projection. Please feel free to comment and correct me if im doing anything wrong.

JimHalpert

Using elliot wave theory i do believe we will reach somewhere between 38-41k and then head back down to the 29k level if not lower. Now i am still learning and have been using a great youtuber named Stavros Tousios to aid in my learning. input and opinions are welcome!