TSuth

TSuth

It never fails, when I make a post on here some people think we can only move in one direction. Any slight deviation and they come running trying to say the whole analysis is wrong. These few individuals are small minded and no matter how many times I repeat it, they don't seem to comprehend that charts move in cyclical patterns. Just because we get a move higher...

TSuth

If y'all remember I have been saying for a while now that Tesla was still in a long-term bullish structure. Many people have went back and forth with me with many claiming it will be the next cisco. However, I have held steadfast in my analysis. I would hope that the price action since April would finally open people's eyes to this. Although I thought price would...

TSuth

Today, the price ascended as expected. I'm offering a closer view to provide a clearer micro perspective. By examining the labels, you can follow my count of this downward movement. I believe today's upward movement was the mini-a wave of ii. If correct, we should see a decline to the mid $10 range for mini-b, before climbing again towards the target zone between...

TSuth

If you recall, I've mentioned in my recent posts that ideally, we should hit the purple 0.618 at $153.08 for mini-wave b before climbing higher in mini-wave c of B. Last week, that's precisely what occurred. We hit the purple 0.618 and then quickly moved up. Whether mini-wave b is complete remains to be seen. We could still technically drop to the 0.786 area. Once...

TSuth

Not a lot happened on Friday in regard to Coinbase. It is following along with the tier 1 crypto list that we follow. This shouldn't come at much of a surprise as closely as they're tied to each other's fates along with the BTC ETFs it hosts. Something I want to draw your attention too, is the target fibs / box. If you look at it, I drew it from the 1.0-1.618 as...

TSuth

As mentioned in my midday update, we started the move down today that I have been anticipating. That's what it appears to be at this time anyway. This thing can go a couple ways from here. The first is a 3-wave move down to the box with the mini (A) of c completed today. This would imply that we get a mini (B) wave soon if not next before falling down into the...

TSuth

Today was another day of directionless chop. As I have said in the past, corrective patterns can chop until the cows come home. Also, as I have mentioned recently, I believe Tesla is awaiting something that will happen to trigger the move down. However small or big that may be, its waiting on SOMETHING. There really isn't anything to add to the actual analysis at...

TSuth

For three weeks now price has been slowly grinding lower in nothing but chop. Is this the initial mini-A-wave of c? That is what it looks like to me as of now. As I have said time and time again, price can take whatever path it wants but ultimately my target boxes almost always get hit. Right now, my target box says price will eventually make it down to the...

TSuth

Price is still following my predicted path as of now. Should price make a high above wave 2 at $10.67, that would signify that wave ii most likely isn't actually over and could head to the $11 area. If it continues to follow along with my projections, then we are headed to the $8.77 area within the next few trading sessions. MACD on both the micro and larger time...

TSuth

Today price fell over 5% to the downside. It was a pretty strong move and not one I would expect to happen during a c wave. This has me wondering if we have officially finished (B). We could still get another high to the 0.618-0.786 area @ $246.64-$263.82 as the micros suggest a move up soon. How high that raise will be, idk. It could be extremely minimal and just...

TSuth

I mentioned in my prior post that it was a very real possibility we get a flat abc as the mini-b wave was so deep. Today that appears to be what we got. Price raised just above the 1.0 extension and then got rejected. Today we got a very strong move to the downside which signifies there is a very good chance wave iii (primary) has started. There is a possibility...

TSuth

Coinbase has been following my analysis for the most part for the last 2-3 weeks. We did get a slightly deeper move than anticipated, but EWT predicts "normal" moves/structure. It isn't a magic ball that predicts EXACTLY where price will move to. The strength today resembles that of a c wave. Because we were expecting a c wave, I am calling this C of c of (B). I...

TSuth

Coinbase has been very volatile as of late. Rather that be due to BTC or other factors IDK. What I can say though is that the weekly MACD is pointing down and the daily MACD is leveling out. The 4Hr MACD is green but looks neutral to me. Its 1Hr MACD is showing weakness but points higher due to the last high it made. Micro MACD's showing high probability of moving...

TSuth

Still waiting for AMD carve out it's B wave of ii. I am still tracking the possibility of this being all we get for ii, but as stated previously, I don't feel that is the case. I would like to see us create a basic 3-wave move up into the target box labeled B before falling again for c of ii. However, B waves seem to be complex more than simple. For this reason, I...

TSuth

These orange fibs you see on the chart are tracking a possible i-ii pattern. If this is in fact the wave 5, the ideal spot for an ending would be in the orange box. Notice it is within the larger grey box and the yellow (larger count) target box? These counts are starting to converge creating a more reliable end target. The red box you see shows where these counts...

TSuth

As y'all know, I entered a position of 10 puts BTO in Apple on Friday. Price has been following/hitting my target boxes for some time now. We have a clear 3-wave move into this latest box, and it matches with my thought process on the S&P as a whole. Not to mention the 4HR MACD looks as if it is about to run out of steam. There is a chance we get another high up...

TSuth

Tesla has been in a range for almost a week now. That leaves the possibility open that this is a wave 4 of some degree. Accordinng to my count, this is either wave iv or wave 2. The move down from the high of $198.87 on 29 April looks as if it is wave a of some degree. Without more data it is hard to determine which count is the correct one. Don't forget too that...

TSuth

Coinbase may be trying to throw us for a loop. Judging by price action I see three different options. The first one which is also my primary, is this (c) wave is creating a 3-wave move higher to the target box, and we should start to move higher in a mini-5-wave move. The second is we're still in our (b) wave and about to make OML for a mini-c-wave to finish off...