TheTrader1_618

TheTrader1_618

In my previous post on Shib, I noted how it was in a multi-year WXY correction and that the termination point for the higher degree wave (Y) and concurrently the higher degree wave (2) will be at the yellow .618 extension. Price has capitulated and has now reached the .618 target. Shib is expected to now rally for an additional 5 waves because: "What starts in...

TheTrader1_618

My previous Pepe post talks about the yellow 1.618 extension being the termination point for the higher degree wave (Y) which concurrently is the termination point for higher degree wave (2). Price has now capitulated to the yellow 1.618 and is expected to rally for an additional 5 waves for the higher degree wave (3) because: "What starts in 5's, ends in 5's".

TheTrader1_618

I’m not going to explain the entire history of Pepe like I did with my Shiba Ina post, but I will say that it’s exhibiting the same exact “what starts in 5’s, ends in 5’s” pattern. PRICE PREDICTION In the short term, I anticipate that price action will continue upward, albeit in a corrective manner. This movement is expected to be followed by another...

TheTrader1_618

Analyzing Shiba Inu’s price action from its inception from 2020, we observe a well defined 5-wave structure emerging from the low, signaling the completion of the higher degree wave (1). Applying a fib extension measurement from the start of wave 1 to wave 3, and then extending it to wave 4, we find that wave 5 extends precisely to the 1.618 extension level—which...