Secretguy
SPX - New findings These last waves were really similar to some movement I've already seen in some other time - So I placed it and they fit the nowadays Price Action like the Glass Slipper fits Cinderella's foot.
It Looks like SPX has an excuse to close a gap above and touch the top trendline. I was more conservative with my ceiling for this EOY price action but it seems it will fully head there. Also Timewise it fits my expectations - Retracement now, and bullish after that till mid December.
Still seeing that drop mid December.
TL;DR
Short now for a small retracement, and then long till 4100 area - then biggest drop.
Russell 3000 - Elliot Waves countingElliot waves counted on Russel 3000.
Waves 3 and retracements of waves 2 suggest the counting should be shifted by 1 - and a possible breakout could happen - allowing the price to move towards the ATH - if that happens you know what to do - but due to fundamentals - I'm more keen to think this is properly counted and we are headed toward that tick curve at the bottom.
We will soon know.
SPX Futures - A quick mid term look!So here is the idea - I DON'T THINK THE FALL WILL HAPPEN 1:1 as in 2008 - there will be more trickery around - that's why we need to monitor those two marked areas - breaking the lower one will very likely hit target #1 - that would be THE crash - Target #2 is marked just because it makes sense within the past lows (extended trendline).
My bias is still strongly short-biased.
BTCUSD - touched local bottom curve!This Asian selloff was marvellous - now we touched a local bottom before Europe's open - very likely we can see Europe consolidating/bullish after asian selling - and possibly NY will retrace that selloff. Expecting a retest of that upper local curve before moving to 15k.
Cheers !
PS: just a small long, still bearish short term.
BTCUSD - Monthly hides a lot of hintsI'm a fan of curve channels just because they are clearer and they represent a more fluent trajectory of the price which makes more sense, than linear lines (Sentiment isn't linear, pa isn't linear , so channels shouldn't be aswell).
And it still works - you can see on the monthly created a clear orange channel (curves are basically copy pasted from each other and wicks match pretty nicely).
But good news - price has broken from those two and created a clear second channel ! So if you copy that new channel based on waves's tops - you can see the area of confluence and actual retest at the strong support area.
It's there where you want to actually long short/mid term.
Good luck!
BTC - quick update - not bullish yet!As you see - my area hasn't been reached yet. I see whales are fomoing in, but I prefer to catch the bottom of this fall - expecting $14k before I put longs. Not expecting sub $10k as many out there - that won't happen this year, but first 14 and then maybe 12 is in the reach - will know more in December.