Lorne_Malvoo

Lorne_Malvoo

According to Elliott wave rules, the upward impulsive wave seems to have ended on the SOLUSD pair. We would expect an ABC after the 5th impulse wave if this is going to be the second wave in the larger cycle. This is the red abc that appears in the chart for the ABC expectation. There is still an incomplete image of wave a. After wave A is complete, a relief...

Lorne_Malvoo

As you can see, there is a clear correlation. If 14K is overlapped, this seems like the most logical scenario. Of course, like all our charts, this is speculation.

Lorne_Malvoo

There is a bearish flag. An extremely simple structure. These are the first ways we go when learning technical analysis. So are the supply and demand zones. However, these are the things we forget the quickest. For the most part such clean builds work. Stay safe, peace...

Lorne_Malvoo

As I mentioned in the title, I am waiting for wave 5 but first we need to complete wave 4 satisfactorily. The 4th wave may end in the wide range indicated by the white circle. After all, we are looking at the high time frame and it is not possible to predict the price exactly. After wave 4 is complete, we will wait for wave 5 as the last wave of impulsive...

Lorne_Malvoo

I am of the opinion that wave (C), which I think is the last wave of LINA's correction, will end in either blue v or orange (v). Rather than orange (iii) and (iv), the blue v will extend a little longer and end around the weekly supply zone, giving a cleaner picture. And I think this will be the end of (2), which is light blue. I don't want to exaggerate, but the...

Lorne_Malvoo Updated 

My very little experimental work on BTC demand zones... I state that it is experimental because these parts are the most voluminous areas. In my EW count in BTC , I think that the 4th wave will end in the regions where the purple boxes are most concentrated. I know, it's an open-ended explanation. But right now everything seems uncertain. :/

Lorne_Malvoo

Although the fibonacci ratio of the Intermediate 3rd wave did not please me very much, I counted it as the 3rd wave. So we can start the 5th wave at any time. There may be another small bearish wave at the 4h count. But it has no effect on the overall count. If intermediate i.e. purple (1) intersects with intermediate (4), the count is invalid. In the 4h time...

Lorne_Malvoo

"Zigzag corrections often form channels with four touch point. One line connects the starting point of wave A and then end of wave B; the other line touches the end of wave A and end of wave C. Once the former line is established, a parallel line drawn from the end of wave A is an excellent tool form recognizing the exact end of the entire correction." - Frost...

Lorne_Malvoo

This is what i am expecting. Since the BTC broke my trendline i am bearish to the 35-32k around. Orange wave (4) can be flat because of the dissimilarity rule.

Lorne_Malvoo

Wave 4 may be a running flat structure. This is the highest probability I see. The 5th wave appears at 10,000 dollars. This is just an average estimate. We may be doing wave 3 in the larger timeframe. When I try to place the 3rd wave, I see odd numbers, I didn't mark it to avoid speculation.

Lorne_Malvoo Updated 

The only thing that is unclear to me is that the C wave cannot be counted as 5. Waves 1 and 4 intersect if we count. Could it be the ending diagonal? This place is unclear. But other metrics are very suitable for running flat...

Lorne_Malvoo

Since I think that BTC will experience a rapid rise, I think it will increase dominance along with it. And the counts show it. It will be active until the 2nd wave passes the beginning of the 1st wave. And wave 3 may go less than 161% because altcoins are very strong. I still set it as a target.

Lorne_Malvoo

I think we will watch the channel. We'll probably get to the crazy stage at some point. Then we will see prices above this channel. When the moment of madness comes, I will disappear.

Lorne_Malvoo

two possible scenarios. but it looks strong, 3rd wave may go higher than 161%. probably? just messing around...

Lorne_Malvoo

BTC 4H WEDGE FOR BUYERS. This level can be HL in the bigger picture.

Lorne_Malvoo

I have previously stated my views on the bull cycle. You can find it in my profile. All I want to say on this chart is that there seems to be a MACD cross on the weekly chart. And this MACD cross happens above the histogram line, not below it. This suggests that this intersection has a more bullish structure. I wanted to share it in case there are some who...

Lorne_Malvoo

Hash Ribbon indicator has given a Buy signal. You can back test yourself on the daily chart. When it gives a buy signal, the price does not immediately react to it, but it is an important indicator for understanding future price movements. We cannot say that we will continue the bull season. However, BTC entered a voluminous and strong trend after the 29k...

Lorne_Malvoo Updated 

For my diary.