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Bitcoin Meets Elliott Fibonacci: The Definitive CountBitcoin’s run thus far has been wild. The future will only get wilder. Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit. Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually take the time and count the waves. Also, just to put it out there, if Wave 2 and 4 are both zig zags within an impulse, I consider the count likely invalid. This is what I’m seeing in most predictions that predict we are in a primary Wave 5 cycle. It sort of irks me but to each their own. All forms of analysis is subjective after all. Watch out for the huge drop near $110-$120K. This rollercoaster ride will not be free.
BNC:BLXLong
by DigitalSurfTrading
1
Pfizer here we go! Holding while price is green. 🚀🚀🚀Stocks trend. A lot. Much more than Forex. Pfizer is going parabolic while breaking all time high and $50, this could be the start of a big trend, or it might not. Let's look at a few examples starting with Pfizer. Clearly we see how with stocks we can make big multiples of our risk. Like 25R in stocks versus 10R in Forex (for example, reality is probably close to that) Zooming in the little impulses: I don't know how many "casuals" are interested in Pfizer, but it is a word billions of people know. We can look at Tesla & PonziStop: How about another one just to illustrate? So the question is, how to hold on but without giving back all profits? 1 solution is sell half once a stop is reached keep half with a much wider stop. Smooths out the PnL. And this is probably what I'll do. On a longer TF I'd look to add, here this is all a short term play, expecting the stock to go parabolic. I am at exactly 5 times my risk (counting spreads) as of writting this. Hasn't even been 2 weeks yet. Talk about a monster. This risk a monster correction too. Hopefully it warns before.
NYSE:PFELong
by MrRenev
4
Covalent is a small cap gem! Potential 10x in the coming months.Covalent (CQT) was a hyped project on CoinList with an ICO a few months ago. It has similar functionality as The Graph (GRT) and could eat it into its market cap. Covalent has gone up 300% in the last month but has a lot more room to run - I could see this as the potential next Solana. Coinlist ICO with hype, nothing for a little bit before raging its way into the top 100 or even top 50 within a years time. It has moved from about 560 to currently 342 on CoinGecko. GRTs current market cap is $3.8 billion. CQT is only $112 million. That's 1 /33 of the market cap. Not saying CQT will take over GRT and its technology. However, the project has great fundamentals and tokenomics. Whereas GRT has struggled with price action since its ATH in February (still down 75%), CQT is back already to its listing price on Kraken and other exchanges. I see a bright future ahead and the 300% gains for the past few weeks are just a start. As it is a small cap, do not put a great amount of your portfolio - i.e. no more than 5%. However, it could be a great long term hold that will continue to fly as the bull market continues through to next year. I could foresee Solana or Avalanche like gains to come (new projects that have shown they have great tech and will stand the test of time).
KRAKEN:CQTUSDLong
by ffara
Bitcoin on its way now to 50kAs predicted Bitcoin continued a short-lived correction wicking down to about 43.8k before now shooting back up and in the 46k range as of this writing. Altcoins have recovered just as strongly - ADA is crossing $2, ETH is still well over $3k. We are seeing as predicted support from the Bull market support band - a critical zone for bulls to defend if Bitcoin will go on to 50k and then 100k later this year or early 2022. I did not call for shorting as it seemed like it would be short-lived and many were liquidated last night. I trade for overall greater movements and do not function as a day-trader. I now expect Bitcoin to rise another 10% to 50.000. I expect it will hit it within the next week or so, and definitely before the end of August. Lots of analyses provide support levels that are too low. Almost always with trading set orders slightly higher than called support levels. Anyone submitting for 42k did not get their orders filled and now Bitcoin will have a strong green daily candle and with likely rise will be buying at much higher levels.
BITSTAMP:BTCUSDLong
by ffara
HOUSTON WE HAVE LIFTOFF!!!Greetings Earthlings, today you shall become Astronauts as you venture to the moon in your rocket ship. If you take a gander at the chart, you will see the biggest opportunity since Little Einsteins. WE'RE GOING ON A TRIP IN OUR FAVORITE ROCKET SHIP LITTLE EINSTEINS. CUM FLY WITH US AND PREPARE YOURSELVES FOR THE ERECTION OF PRICE TO SPLOOGE INTO THE STRATOSPHERE AT WARPED PENIAL SPEED. JUST BUY THIS STONK AND WITNESS THE GREATEST RETURNS OF THE 21ST CENTURY AS ITS CIRCULATING MARKET CAP RELATIVE TO ITS EPS DIVISIBLE BY THE REMEDIAL AVERAGE OF PI EQUATES TO THE BIGGEST LOPSIDED TRADE SINCE THE 2008 HOUSING MARKET BUBBLE ABLE TO GENERATE RETURNS OVER 1000X OF YOUR RETIREMENT FUND. WE HAVE A 100% SATISFACTION GUARANTEE FROM OUR PLETHORA OF CLIENTELE AND IF AT ANY POINT YOU CAN REFUND YOUR TRADE AT THE CURRENT MARKET PRICE AND BASED ON MY ESTIMATES you will more than likely breakeven as 99.99% of traders actually lose money and WE ARE O.01% THAT DO BREAKEVEN AND STAY IN THE MARKET AND IF YOU REALLY THINK ABOUT IT THATS ALL THAT MATTERS!!!!
Long
by Blayze
2
Just another look at LINKLink looking ripe for a real screwed up season. We're sure to see bears take full advantage of the high RSI and stuttering King (BTC) and may try to hard short LINK. Fortunately, the LINK community is one of the most die-hard, zealous groups of HODLRs we have ever witnessed. Maybe with the right pullback -- I'm personally going to accumulate if the price goes below 20 at all -- the slingshot to EW move 3 can get Link Marines the returns they are hoping for. Not advice, just practice and speculation. We worked backwards with this EW prediction. Feels right, but as usual, most things depend on BTC. The hard breakdown you see highlighted is a general rule of thumb. Breaking that median line and continuing downward is a bad sign, the opposite is true if it breaks upwards. Never Advice. GLHF.
COINBASE:LINKUSDLong
by Ignignokt
5