Neo-Trades

Neo-Trades

We are likely in a wave 2 orange at the moment as part of a final wave (5) of ((5)). The reason I don't think the ATH at $295 being the top of this cycle is because of the 4 yr cycle for BTC. Historical, the top of the cycle would be atleast Q4 of this year with ETH and SOL having gained multiples over previous cycles' high. Overall, macro environment is still...

Neo-Trades

This correction for CRYPTOCAP:SOL has been textbook EWT. The wave counts are spot on and this is the last portion of the dip (wave 5 of C). Should sweep the lows of wave A/~$220 and could go as low as $200. Regardless, if you are a long term bull then dca below $220. If you're a trader then no need to catch a falling knife. Wait for the $230 lvl to be...

Neo-Trades

Bitcoin is currently forming an expanded flat wave (2) correction, with wave C in progress. test of previous high at $20k is possible but low chance of anything lower.

Neo-Trades

Monthly log chart of BTC, showing an Elliott wave count that supports the narrative that we get an extended bull cycle this time around...well into 2022. I like this count because wave ((2)) green is a zig-zag correction and wave ((4)) green is a triangle. This type of alternation is often seen with corrective waves. Also, this current impulse wave 1 (orange) was...