UnknownUnicorn12250317

UnknownUnicorn12250317

ADA has lost 61% since September in an endless waterfall to the downside. Price has arrived on the PoC (Point of Control) when we take the volume profile from the beginning of the year until today. The PoC simply means that the most trading volume has occurred at this price. Usually price is drawn to these high volume nodes, but once arrived, it doesn’t stay and...

UnknownUnicorn12250317

SOL is one of the altcoins that has bounced off it’s 20 week MA (and out of the 50-62% reversal zone) with significant strength. Elliott: We are able to count an ABC (in green) to the downside, which completes wave (iv) in blue. Should this count be correct, we may expect the 5th and final wave to the upside. Geometry: Price should hold the median of the small...

UnknownUnicorn12250317

Bitcoin has been declining for 39 days, with two major selloffs that happened precisely during the two eclipses in that period. It will be interesting to observe if today’s full moon or the Winter solstice on 22 Dec. will bring a change of energy. Elliott: We are able to count an ABC (in blue) to the downside. The last wave appears to be an ending diagonal. BTC...

UnknownUnicorn12250317

ADA has lost 54% since September and the waterfall to the downside apparently has no end. Let’s take a look if that could change. Elliott: We can, theoretically, count a complete 5-waves move to the downside (in blue). This wave is the end of a larger 5-waves down. Geometry: Price bounced from the pitchfork median, which is precisely the 65% retracement of the...

UnknownUnicorn12250317

Bears seem to hesitate to push BTC lower into the demand zone at 50-51k. Bulls are nowhere to be seen despite whale buying last week. In this uncertain situation we need to remember that an asset can also rise due to a lack (or exhaustion) of sellers, even if demand is thin. We have seen this ‘front-running demand’ again and again with BTC. 20 Week MA...

UnknownUnicorn12250317

In my analysis of 17 Nov. I wrote about the ‘window of risk’ from 22-29 November, based on the lunar eclipses. We are still within this risk window. The projected top at 16550 was reached exactly on 22 November and price declined since then. Two specific pitchforks can help us navigate this correction. Bullish Mod Schiff Pitchfork (green): Price got rejected at...

UnknownUnicorn12250317

SQ declines further in a wave (v) with decreasing volume, so that we can look at two specific levels if bulls step back in. Elliott: We can count a wave (v) in blue. In the most optimistic long-term EW count, the end of this wave could potentially complete the entire ABC correction since 5 August. The idea is to build long exposure, just in case this EW count is...

UnknownUnicorn12250317

AAPL expands higher into a wave iii (in green) as expected. We can now look for profit targets to scale back. Elliott: The current wave may extend higher. If the count is correct, we can expect a wave iv (in green) and one more ATH afterwards. Geometry: The pitchfork is respected very well if we look at wave (i) and (ii) for example. It therefore makes sense to...

UnknownUnicorn12250317

FB printed a large inverted H&S pattern and consolidates at the neckline. However, price is currently in the 50-61% reversal zone so that we need to observe positions carefully. Elliott: We can count a wave (i) and wave (ii) in blue, which retraced precisely 50%. Now we count the unfolding wave (iii) on a smaller degree (green waves). Geometry: Price reacts...

UnknownUnicorn12250317

ETH bounced at the lower boundary of the pitchfork. It has not quite reached the .382 fibonacci retracement, which sometimes happens when demand is high. There remains a risk that ETH still tests the .382 fib mark. Elliott: We can count a complete wave (c) with five subwaves (in green). Should price decline further, we adapt the count to an ending diagonal. If...

UnknownUnicorn12250317

As BTC continues to decline, it becomes possible to interpret the current structure as an expanding flat. With this scenario in mind, we can derive 3 trading ideas. Elliott: The expanding flat becomes likely when BTC prints a lower pivot point, ideally below 58k. We can then assume that wave (c) in blue is complete, with five sub-waves (in green). Possible...

UnknownUnicorn12250317

Gold is consolidating in an ascending broadening wedge, which is a bearish pattern. It has also trended above the daily Keltner Channel for 7 days, which is quite long. Today I look at two potential buy levels if the trend gets exhausted and Gold pulls back. Elliott: We can count a completed wave to the upside. It can be counted as wave (iii) - or as wave (i) of...

UnknownUnicorn12250317

Solana declines further as the market corrects. My assumption is still that SOL is in a wave (iv), so today I look at entries that keep us safe in case the count is wrong. Geometry: Price is currently at the bottom of the pitchfork (blue dashed line). This has been a support in the past. The next support is the 1.5 extension (red dotted diagonal). The red area...

UnknownUnicorn12250317

On 19 November an important lunar eclipse occurs, which will be the longest since 580 years. The previous eclipse of 26 May coincided with the crash in crypto. Historically we do see a correlation between significant astronomic events and higher market volatility, and even crashes. 29 November is the date which stands in opposition to the eclipse in May (180...

UnknownUnicorn12250317

Shiba is currently among least bearish altcoins in the market. Price declines in a descending channel. The structure appears to be bullsih-corrective. Therefore I am looking to trade one more leg to the upside. Elliott: We are able to count an ABC (in blue minuscule), which is part of a larger wave ii in green. If correct, we see one more (and final) leg to the...

UnknownUnicorn12250317

The idea to take profits when ETH moves out of the pitchfork was successful. But there was another hint: Fibonacci time. The scale (blue vertical lines) are the Fibonacci extensions from the previous wave on the time axis. Each Fib coincided with a local top or reversal. The next one is 29 November. Elliott: We can count an ABC pattern (in blue). Alternatively...

UnknownUnicorn12250317

Bitcoin is likely completing a wave (c) to the downside. The move came as a surprise to many, but ETH gave us some technical hints that the top was in. Let's take a look at potential reversal zones. Elliott: On the 1h timeframe we can see 5 complete waves to the downside, indicating that wave (c) could be complete. At roughly 58,300 we have the 1.618 extension...

UnknownUnicorn12250317

Apple appears to be strong and a support on Gann level 150 would indicate that bulls are ready to take AAPL to the next ATH. Narrative: The current market is driven by bonds and interest rates. From a technical perspective, the bounce in the 10Y yield was expected and confirmed by CPI data. The question is now if/how the stock market will respond, and how soon we...