Be careful on BTC this has all signs of having a rejection at the golden zone to at-least test support at 35k range if not a true reversal. I took both long and short on the weekly open with the ranges for breakouts. May the best position win.
On the left we see 2019, middle current right 2020. All had equal setups, breaking out of a flat top resistance. As you notice in the previous setups this always contained: - A higher high fake out ✅ - Wick buying the bottom support trendline ✅ - Higher lows during the bull flag A lot of people expecting a flush to 32.5k-33k or lower, but it's good to realise...
BTC might be in an ABC with the high already made if the wave 5 is counted as a completed wave 5 of the same scale. Max pain for this pattern would be the 261% which EXACTLY lines up with 161.8% from the A wave. Coincidences coincidences
On a macro view, the direction is a clear for EW bulls. The big questions currently are: - Which degree are we in - Is this a wave 1 of 3 or 5 of 1. Imho this is clearly a wave 1 of 3. Because this is a wave 1 of 3, we should expect deeper prices eventually as a wave 2 normally doesn't retrace to the .382 and we have a lot of imbalance to cover. On the short...
Notes: - Cycle tends to repeat itself with variants, periods extend or shorten. See this chart more as a period of bullishness & period of bearishness. - Some cycles are more volatile, like the first one. - Do not see this as a guarantee, patterns repeat till they don't. - The boxes were put there in 2021 to predict BTC tops and bottom periods based on prior...
Very clean count on LINK, we just broke down from massive support range, if LINK continues to hold below without a quick move back up into the range we should expect a full 5th wave down to finalise the correction. Target $2.5
Very strong pitchfork channel is about to be tested. Could be the buy of the century, could be a massive breakdown. But we are at a crossroad. Long till broken?
Phenomenal long opportunity on BTC with a RR of 30. Can't miss this long, even if it fails, the downside for invalidation is minimal. TP's at key levels. ps. THIS WILL STILL HAVE A NEW LOW AFTER TARGET IS REACHED!
Clear Leading diagonal ready for an impulse wave up. Ill update it along the way
UNISWAP is one of my favorite alt bull counts. If we zoom out this could have been the major 2 proceeding into a massive 3 to new all time highs. The first wave 1 (blue count) has ended in a beautiful golden zone retracement finishing the WXZ. And thus, the possibility of the first 1-2 into the new bull cycle begins. A fantastic tell about this setup would be...
This count presumes that the entire move to 69k was a B wave. Which would explain why there was such an unclear wave 1 in the previously named wave 5. We should expect a counter-trend move heading to the 0.382 of wave 3 which would overthrow the A wave slightly. BE AWARE OF THIS TRAP! After that we should proceed lower with very strong momentum to finish the...
ADA is showing strong bear bias for a potential macro triangle breakdown to 0.16-0.30 range. Await confirmation for late entry, but for now the bias is bearish. Flip if needed.
Here's my game plan for trading the current zone. Timeframe/pattern might be dragged out etc. Check this chart for the entire fractal:
If you're not in we might get a quick shakeout wick down to low 19xxx before breaking the reverse golden zone
BTC legacy high's at 12.5k are aligning with 2.618 Elliott wave analysis targets and the fractals. We would most likely see some kind of small move up with a triangle pattern forming around 20500 before breaking down.
Just an interesting view of high timeframe. Monthly close -25%?
1. Draw a bull trendline on the main trend. 2. Draw a bear trendline on the main trend. 3. Map them with 2 fib channels for bear/bull in the direction of the price. 4. Play with the angle, play with the position where you place the fib channels till you see it fit like a glove between major breakouts of price on the fractals OR support/resistance. This will allow...
BTC analysis, follow up from my previous posts about BTC (check links below). I'm expecting a bounce near the 34k level where this corrective ABC started before going down for wave 5. However a news driven event can rapidly accelerate this. Bears in full control, 22k is the EW target for wave 5.