BTC is following this pattern perfectly and will hit the upper limits of the channel soon.
A perfect diamond bottom has formed as well as appearing to be the bottom of Wave 2.
I THINK the ABC wave has completed to match the May chart and we go up from here.
Up we go! We rocketed directly after the last one I posted.
Below are essentially identical paths I've been tracking from around $20. I think we are completing the cycle for the next large leg up.
Been trying circular "TA" on a few different stocks, and trying out this pattern I started using and seeing results from w/ GME. Seen here using GME:
This will allow GME to move down to wave 4 of the elliot wave before starting back up again to wave 5.
I drew the purple Diamond and the blue extension out last night and did not adjust anything since. This jump from the diamond bottom also crushed through the long term trend resistance. If it holds above, this could be the start of upward movement (I have no idea about squeeze requirments etc.). This is just plain old TA that worked on GME this time.
Basic Fib, Elliot Wave and Channel looking nice, along with this swooping up pattern that I dont really understand.
Looking at Fib levels along with Elliot Wave has proven to be extremely useful as I'm learning to use these with GME. Always open to any thoughts.