adriel.arrasmith

adriel.arrasmith May 2, 2024

I love Michael Burry. He has some amazing calls and I'm always curious to see what he is up to, but obviously we're all human and make mistakes. His company Scion Asset Management started buying in the last quarter of last year as we're going into a 5th wave breakout. We have met three different objectives for a 5th wave target including divergence on the monthly...

adriel.arrasmith May 1, 2024

The fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which...

adriel.arrasmith Apr 13, 2024

I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and...

adriel.arrasmith Updated  Dec 15, 2021

DKNG has still finished carving out a wave b, now forming a double top with a daily engulfing pattern. Probably because of news of new investment from ARK. The Elliott wave is still clear and we're targeting under $27 before resuming the main trend. We could go as low as the $16 area. Also, not pictured on this chart is RSI divergence confirming the 5th wave top....

adriel.arrasmith Updated  Jun 8, 2021

AMC has made an impressive run up. We've now completed a blow off top creating an evening star formation with a gap up and gap down. Not shown on the 1 hour chart is 5 waves down completed for Wave A and targets around $16 for Wave C, which also around the $20 breakout level before the blow off top. My target is $16-$20.

adriel.arrasmith Updated  May 9, 2021

Doge has completed 5 waves as seen on the daily chart. The 5th wave has been confirmed with divergence on the RSI. Also, not shown is the 5 waves within wave 5 have been completed and now the decline of Wave A has been completed (subwaves not shown). Also, shown is a trendline marking the top of Wave 1, 3 and the blow off of Wave 5. Bitcoin and altcoins have also...

adriel.arrasmith Apr 17, 2021

DOGE has made an impressive run up since our call of a recent bottom at $0.02, all while Bitcoin is in it's final stages of a Wave 5 within this current bull cycle. Bitcoin will decline about 50% or more before any chance of resuming it's bull run. If you look at each time DOGE hit this far of an extreme on the RSI (94) it sold off between 50-75%, which would mean...

adriel.arrasmith Updated  Feb 26, 2021

Just as many other symbols are going up and completing blow off tops with evening stars, here is another one. SOS has went up about 400% within 4 day with a major gap and gap down to end the move with an evening star. The target is about $4.50, which is the 1.618 fib extension level of the first leg down and also the structure area of the break out. The move...

adriel.arrasmith Feb 24, 2021

I am long from $8.95. This a great set up where we have completed 5 obvious waves up with a ABC correction into the 0.618 fib level, structure area and the bottom of wave 4. Also, we have formed a morning star with todays gap up. Also, not pictured I have counted the waves down into Wave C, which finished at the projected level. Stocks should also rebound at least...

adriel.arrasmith Jan 30, 2021

DOGECOIN is quite speculative at the moment. It's getting pumped all over and probably still has quite a bit of momentum left. I am counting a Wave C in progress that end around the 0.015-0.02 area. If you must buy this is the zone to do so. Then hopefully onto new highs.

adriel.arrasmith Jan 29, 2021

As I have spoke about before this is a blow off top, wave 5, and evening star formation. The price target is $17. Let me define a few things to put it in perspective. 1. Blow off top definition; Blow-off top patterns are common in securities where there is a lot of speculative interest. Prices rise, usually on positive news or on the prospect of good future...

adriel.arrasmith Updated  Jan 29, 2021

We posted yesterday of a wave 5 blow off top that completed with a Wave A sell of now. Wave should be complete at around $319 already or close to it. The target for Wave C is $17 the 1.27 extension of Wave A and retracing the whole blow off to the bottom of Wave 4. This should happen very quickly in the few days. Especially with trading being halted.

adriel.arrasmith Jan 27, 2021

You can see 5 waves has been completed with mass short squeezing and buying. Today gapped up and so far we have not been able to stay above the open.More than likely we will gap down over night and selling should start very soon. This is going to fall just as fast as it came up. Be careful.

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adriel.arrasmith Updated  Jan 11, 2021

5 Waves Complete Divergence Daily bullish Engulfing Targets $380 in the medium term.

adriel.arrasmith Dec 10, 2020

MRNA broke out of $100 hitting $178 within 4 days on high volume and multiple gap ups. This is significant evidence of a blow off top. Afterwards, we printed a daily bullish engulfing pattern then corrected upwards for 5 days before printing another daily engulfing pattern. The target is $100, which completes the blow off top move and the 1.618 extension of the...

adriel.arrasmith Dec 10, 2020

I love this business model and concept. DraftKings has successfully brought in tons of sports fanatics turned customers. Sports betting is huge at a $150 billion dollar year industry that is becoming legalized step by step and state by state. No more will be the idea you have to go see a sport bookie at your local bar or driving all the way to the casino. This...

adriel.arrasmith Mar 11, 2020

Soybeans is currently in a large wedge pattern that once breaks won't complete until 1200. We also are diverging and oversold on multiple time frames. We have counted 1 wave up and the beginning of a completed wave 1 of 3. The most powerful move will be soon being a wave 3 of 3. My target for wave is at least 1080 based on fib levels and the previous resistance....

adriel.arrasmith Jun 25, 2019

We have completed 5 waves as you can see on the chart. Also,the DSI has reached 98 today, which is the highest in years. Finally, not shown is a RSI of 87 not seen, since the rise in 2016. Expect a pullback from 1373 to 1332 before heading up once again.