EWT
proposed completed WXY long setup for $OGNelliot wave theory = game genie
i almost always need both geometry and fibs to support a proposed count along with divergence confirmation but this time no obvious support from various fib pulls. however even if the count is wrong, very likely to bounce its just a question of how much. 3-4-5 to 1 or 30-40-50 to 1.
Mega bear nest or rare WXYXZ pattern? - updateBulls did win the battle today and moved close to invalidate the bear nest and potentially make the WXYXZ pattern as complete. I am still suspect as the last wave down (off the 4653ish high) even though it is a 3 waver (Friday's low broke the 1st of Dec low), wave 3/C is too short. Normally the 3rd wave is the strongest even if it's a C wave, so having the C shorter than A would be rare, though technically still possible.
Tomorrow we are likely to have a resolution. If bulls can push higher and overlap the 4653 high, then it's very likely the dip is done and we go back to ATHs. If tomorrow is red... well, bulls should be careful as long as 4653 is not overlapped.
On the bear side - they wanna reject here obviously and push below 4570-4575. If they can do that, it would be a warning they are trying to step back in. Below 4535 and we are probably on our way to sub 4500 again.
bitcoin EWTBased on the review, what I think is that the bit reached the end of wave 3 of 5 after breaking from 65,000 ,
and then we are in wave 4, and it is expected that due to the motion of wave b and passing wave a, a correction Arise irregularly
Please note that this is only my personal opinion and not a buy and sell offer
Mega bear nest or rare WXYXZ pattern?The market has been making lower lows and lower highs since the ATH, but what is adding to the uncertainty is the fact that all these waves have been overlapping. Now normally that doesn't happen in Elliot Waves, unless we are seeing a Diagonal pattern (either ending or leading). The other situation when waves overlap is when they are a series of 1-2 waves (nested waves) which means the move in that direction will be stronger than usual.
In the current situation, we've had a series of 4 overlapping wave sequences with Friday's sequence potentially being the 5th one (if we consider the high to low a complete wave and the bounce late day as wave 2/b). Having a 4x (or 5x) nested bear wave, would mean the markets are getting ready for a melt-down of Feb-Mar 2020 proportions. The good news is that there is another option, which would only imply one more wave lower until this correction ends. The VERY rare WXYXZ pattern. The market did throw at us a few WXY pattens along this bull market to keep us guessing, but WXYXZ patterns are ULTRA rare. As in one in a few years. So that is something to keep in mind. However I do think that this time, we might actually be dealing with one. The 4x nested bear wave would imply the markets will implode and drop vertically hundreds of points, which is also pretty rare in December (which is usually bullish).
Next week will be decisive as to which one plays out.
Outlined below is what to watch for:
1. The bear pattern in black. And it is quite simple: it should start accelerating lower and keep going, with any bounces unable to overlap the prior lows.
2. The bull pattern in blue. This would see the market having one more wave lower (either directly or after going a bit higher on Monday). Target should be somewhere in the 4400s SPX. 4450 maybe 4430. After that we should see a bounce that overlaps the recent low at 4508. That would be the 1st sign that the bull pattern is playing out. While confirmation will come once we finally overlap one of the lower highs.
Good luck and trade safe!
SHIB - Near Term PredictionsThe wave count is showing a likely last move down, at the most concentrated VPR zone. Expecting a sizeable retrace, though the trend does appear to be moving down for now.
EWT-USDT trading setupRSI broke the bearish trendline, which is a sign of strength. I entered to this trade and will add to my position if it closes above the red line.
EWT-USDT trading setupKeep this under your radar. A close above the red line with volume would be a good trigger to take this trade. TP1 would give us 50% profit.
Ford (Weekly) Wave 5Increased volume during wave 5 suggests an extension to 1.618 is likely. I expect the end of wave 5 to mark the end of wave 1 of a motive wave of one larger degree, which should be followed by a zig zag correction and then an even more powerful motive wave for wave 3. Analysis is based entirely on Elliott's Wave Theory.
Bitcoin: 56K Before low 80K range.Feast yer eye's lads.
Literally, 10 minutes ago Tether sent out 2 1 billion USDT minted transactions to binance. People will think they're buying when they're just replenishing supply requests. Wave count shows a decent first and third wave extension that NEARLY touched the 1.618 I was looking for.
We passed a MAJOR VPR Resistance that was formed back in March when Bitcoin went sideways for awhile. That price point is $56,200, which PERFECTLY lines up with the anchored VWAP.
PLEASE NOTE: THIS DOES APPEAR TO BE A WXY CORRECTIONAL, SUCH CORRECTIONALS CAN SOMETIMES BE A LITTLE UNPREDICTABLE ON THE WAY TO ANTICIPATED PRICE TARGETS. Would not high levy yolo this.
If I’m wrong about Bitcoin's likely downsideMy apologies for the cluttered chart, but many of the levels are critical in coming weeks.
Referencing my recent Bitcoin analysis with valid wave counts potentially taking price down to the $27k-$30k area, I want to provide a possible bullish scenario as well.
Should Bitcoin's overall uptrend continue, negating my wave count and breaking through the $68,000-$70,000 (a full 4hr close in or above this area outta do it), then a clear fib price and time projection can take us to $128,000 (+/- $2500) by around December 15th, 2021. Don't put much stock into the time projection, but any meaning reversal from either direction will likely occur around this date.
There are numerous confluent fib levels between $125k and $130k, including Bitcoin's beloved 1.618 extension typically reliable for projecting wave 3 tops. This is done by taking the distance between Mar 2020 lows and the April 2021 ATH, then adding this number to the confirmed end of the corrective cycle around $29k-$30k.
If my original bearish scenario plays out, the next cycle’s price target will be roughly the same; obviously depending upon how low we actually go. This statement is assuming wave C is ~1:1 ratio of wave A. If my hypothesized wave C extends lower than this, then the ultimate 1.618 extension target comes down 1:1.
Bitcoin is at a very critical juncture, with an upside window of around 10% before negating almost all near term bearish wave counts. (NOTE: Bitcoin could actually go much higher than the ATH as part of the c of B correction, but it’s proportionately improbable as price rises (without invalidating the count).
Just for fun, if you take the trend based fib time tool and measure the lapsed time of my entire wave a of B, then extend this time from the end of my wave b of B, you get October 20th for the .382 time extension. This would be the first possible/likely time frame of establishing a reversal to conclude wave B. As mentioned above, don’t put too much stock into my fib time statements. The problem is, it always looks/works incredible in hindsight. It’s a quite helpful tool when establishing wave counts of established patterns; but that can be said for all fib tools.
This is not financial advice. I am NOT a financial advisor. I’ve been wave counting for roughly 17 years now and just absolutely love everything about EWT, Fibonnaci Analysis, and just charting in general. Me taking the extra time to write these ideas is done solely for fun, both teaching others and having others teach me. I'm not recommending you transact actual assets based on anything I post, ever.
Justin
EWTUSD Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Presenting alpha... EWTBItcoin recently see a break of trend to move towards the upside? It needs to break 63K with conviction before the we're out of the woods otherwise price will continue to random walk but we're long term bullish on crypto. EWT is a project that have links with major institutions in the energy space and their Github repository suggests that a potential integration with Coinbase is up coming.
BULL CASE
If price breaks out of the channel and holds it as support, we will ride it all the way to $40.
BEAR CASE
If BTC dumps, we will see holds dump even harder along with it, if this happens, we will accumulate heavily as price move towards the bottom of the channel
EWT dailyEWT - energywebtoken
also great fundamentals. highly recommend you dyor. The Australian Energy Market Operator, which runs the electricity market for Australia, launched Project Edge. EWT provides the blockchain.
this is on the daily and usually moves well with btc. im waiting until it closer to apex. but def something to keep an eye on
Good old brake and support $EWTBullish in EWT in a 4HR time frame, also in the big picture, good acumulation zones.
Energy Web - insane fundementalsHave been in EWT since early last year, currently focusing in on Carbonswap DEX liquidity pools based on energy web chain with zero fees.
Energy web price action is somewhat abnormal lol. Soon we will see EWT staking coming just around the corner which has been long awaited, so could be oppertunity for accumulation within this triangle.
I am just monitoring this triangle for now, as i am already fully loaded... but a breakdown of this triangle may just switch up for a second. Ill be back with some updates or perhaps a new idea.
SNX - GOING TO ATH'SSEVERE Bullish divergence on Daily OBV - but aside from that we appear to be making a prepared third wave extended move. Likely will take us $20 price point before having a significant pullback.
SOL - Potential Expanded flat - $180 - ($112-$93)SOLANA has had an amazing run-up recently as many people anticipate it to be a smart chain for widely used adoption. I'm a big fan of the project myself; very promising. However, it looks like we could be having an expanded flat form here. Could be WAY too soon to call. But if this is an expanded flat - would expect a pullback into the $112-$93 price range.
Personally - I have a very light amount in SOL - and I would like a pullback to scoop more for the long-term, so I may have bias with this wavecount. Expectations remain this though.
EGLDUSD - Finishing the 3rd waveHi and welcome back to my analysis channel. It's been a while since I posted my last trading idea and I would like to sart with EGLD since the chart says to us that we should close some positions because wave III is ending its formation soon. The next step is wave IV that will make a correction in the range between 130-160, after which we will be able to enter the 5th wave rally to gain bigger profits.
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The wave V has 2 ways of growth. First one reaches the 200 dollars resistance level, since according to Elliott Waves Theory, the extension in 3rd wave determine approximately the same size of waves 1 and 5
The alternative count says that wave V could reach 1.618 of w3, which is less probable. I think in this case we should follow some fundamentals in order to see if the EGLD has a basis strong enough to break some key levels and to grow bigger than the perfectly formed 3rd wave.
Thus the clearer image will be available at the start of that 5th wave
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I would also like to notice that the purple arrows you see where a prediction made by me without publishing it here. This is a good example of how useful can Elliott Waves Theory(EWT) be in predicting market moves.
Good luck in your trading / investment decisions guys. Like / comment / share to support my ideas if you like them
stay tuned ;)
ED or breakout?SPX is at an important junction here. If it can sustain the breakout above the upper black TL, then this could accelerate higher going fwd.
If SPX whipsaws the upper black TL and turns back down from here, then the ED (ending diagonal) would be gaining weight. Next few days look key and will set the intermediate term direction.
Trade safe!
$AAPL -- A look at two timeframes using Elliot WavesEven though my exact count may be wrong, the structure of these waves has me feeling pretty confident about $AAPL's upcoming price action. Strong buy at 145. September monthlies, ATM and ITM should print.
Let's see how it plays out...
Sincerely,
Your best stock buddy in the whole world,
Patrick.
