"Don't short the Rune" is in vogue at the moment. Thor's chain has seen its bottom. If you disregard the following... -Bullish divergences -Complete corrective EW structures. (ABC running flat in this case) -Greatly reduced bear volume at the bottom ...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H...
$JASMY - Updated count. Still a ways to go. Don't get caught buying the top of this move because it will wreck you. I see us finishing out subwave 5 of wave 3 very soon. After which we will correct significantly in wave (4) (back the the same level of subwave 4). This is a very typical correction target in Elliott Wave theory. Safe trades to all.
I've been looking at this chart for a few months now and nothing is leading me to believe this is anything other than an ABC Flat. Although I'm not 100% convinced the target (blue box) will hit. I still think we need another wave down. Where it stops, only time will tell. Safe trades to all.
$ORN - Very interesting chart here. This could be a long term hold play. Here to ATH would be a 800% play and it's already lost 95% of its value since ATH. The waves are nice. ABC is almost done (if not already). I can count the waves in C down to 5, which doesn't seem to be done. With $BTC.D threatening to tank, I like this play a lot. Zoomed in on linear...
This was the original Idea. Now that we have a bit more PA to work for, we can try to establish new targets for this wave structure (which I've highlighted in the box). I,m still not 100% clear on the waves here, but assuming higher degree wave 3 is already in, we can elaborate maybe an extended 5th to the 3.618 fib range. Safe trades, don't forget to take...
Noteworthy here that in the case of triangles, the last wave (E) rarely aligns with the AC diagonal. It either goes past it or falls short on most occasions. I'm leaning towards it falling short in this case. Which is good news for Alts. CT is mostly bearish, which tells me we are probably bullish here on the market as a whole.
I posted some TA on this coin previously, stating that it had gone down 90% since its listing on Binance. But it looks primed to launch again... Lets see how this plays out, but I think our subwave 1 is finished here. Safe trading to all.
I've marked this move as done, but that is one of two counts. I usually like to see 3 touches on the trend line of 5th ending diagonal. We are in 5 of 5 of C at this point and I'm very excited about this coin's bounce. I might dump a bit into this long term play. If we zoom out a bit, on the daily, we can see a lot of divergences on many oscillators as well as...
This is one of my moon bags and I've started my DCA in the $0.0160 region. While it still has some space to dip, it is slowly curving with some interesting divergences. It could easily regain its ATH in the next push. From the history on the Kucoin chart, I see this as finishing its ABC and on its 5th wave in the ending diagonal of C. Trade safe, as always. I...
Liking the waves on this coin. We are now in diagonal territory on the larger cycle, which means wave 5 could be massive. (Look how $CRO did on its 5th wave...) I'm expecting the dip to end under 18$ after the zigzag completes. Safe trading to all!
Rather than seeing a full ABC here as pointed out in , I'm listing a full 5-wave A for an ABC ZigZag as an alt count. This is not to say the ABC is out of the question: the waves work and retraced more than half way. If we were to make a new ATH from here, it would be incredibly bullish. We're now on the upside to make B in the bearish count. This is a move...
$CGG - Nice waves here. Kucoin coin... very close to a bounce. Double bottom not out of the question, but I think we can go a bit lower. Perhaps the $0.40 range is a nice spot to long with low leverage. This could 10x easy. Wave 1 has 5 nice waves. the ABC also seems almost finished. Safe trading everyone.
$SUSHI -Ready to launch soon. Looking at a double zigzag combo here. The waves are relatively nice but not easily distinguishable on the perp pair from Binance. Chart here points to the fact that we'd be in in 5 of 5 of C of (Y) of 2, if you can follow ;) Don't sweat it if you can't. I find it hard to revisit an old chart with such counts... What I'm looking...
$SHIB $SHIBAINU - Probably not done yet. Not ruling out a bounce from the double bottom, but I'd be more comfortable with a good ol' 90% retrace. There is confluence to the left of the chart before the start of the impulse at around 0.012878 (1000SHIB). Nice impulse for macro 1 with an extended 5th followed by what looks like a 5-wave A structure. I highlighted...
100 EMA acting as a strong resistance for the past 13 months. Hard to believe this will be the time it breaks. There are a few patterns developing under the umbrella of that EMA. Looks like there's a triangle in there, bearish in this case): Within the triangle a few things are to be noted: slanted triple bottom with triple divergence on RSI, Volume & Histo:...
So if we rewind back to last spring, I had outlined the flat possibility at that time. I didn't think it would make it past ATH tbh. However it did and it made a beautiful flat with the length of A and C matching, which is textbook. Assuming this is correct and the B wave is not wave 5, we are in for a great year in crypto. Dominance is also begging for a 5th...
So we got us an ugly flat correction. I say ugly because it barely qualifies as a flat in that B barely retraces above the 618 fib, which is a major guideline. Anyhoo! I do have wave 5 for this coin hitting 12$ with ease. In the case that the correction isn't done (nothing TA is 100%), that target will need to be re-evaluated. if you have any...
Almost a textbook flat. As per our last ANKR analysis in the beginning of December, this is playing out beautifully. There is a strong argument for 5 subwaves ending in late March, and that this flat is the wave 2 correction. I probably won't need to tell you this seems to be almost done correction. The ending of this wave could be a bit tricky and depends on...