jaorcine

jaorcine

AXS is currently on its last wave using the Elliot Double Combo Wave labeled as W, X, and Y. We are currently on the corrective phase of the completed 5-wave pattern of wave Y. This is also supported by 3 bearish harmonic patterns namely Gartley, Cypher, and Anti-Gartley. Based on my personal experience when several harmonic patterns will have the same potential...

jaorcine

Just follow the Elliot Wave counts orderly and use them as your guide in following the market. Note that ending diagonal 5th wave means wave 4 went beyond the territory of wave 1 but should not go beyond wave 2 for 5 wave uptrend TP will get invalidated.

jaorcine

I saw two bearish harmonics patterns a butterfly and an anti-butterfly. These two patterns coincide with the current Elliot Wave counts going through wave B of the corrective ABC phase. As per Wolfe Wave pattern, the TP is at 1.210 but this will only happen if the price will bounce above 0.972 which will make a 5th wave extension. Please note that every time a...

jaorcine Updated 

What happened in the recent drop in the actual chart of BTC is not what a fundamental analyst would expect based on the Russia-Ukraine conflict (at least for now). The retracement from the dip of January 24 at around 33K (last wave of correction) to the peak of February 10 at 45.8K (first wave of the possible reversal) was a NORMAL retracement base on EW counting...

jaorcine Updated 

Based on my previous post "An Elliot Wave Analysis of the BTC correction" and "BTC Wave-by-Wave Analysis 2: Bullish Scenario" things are going well as projected. Internal 5-wave counts of the recent pump (37,000-44,949) are completed and are expected to retrace soon. There are 2 possible retracements areas: below or above the price of wave 1 at 40348.45....

jaorcine

BNB failed to break its all-time high price last November 7, 2021, which triggered its correction. The 5-wave counts of the last leg C of the ABC correction were completed in the recent dip at 323.5. This last wave is a 0.786 Fibonacci retracement bounce of the 2nd wave of the macro 3rd wave of BNB. Currently, BNB is making the 2nd wave of the 3rd wave of the...

jaorcine

The recent pump of BTC from 37k to 44.2K is a clear sign of an impulsive wave, however, the internal counts of the said pump are not yet completed. I am projecting a 5th wave extension of the third wave 44.8K-46K zone which will also challenge the 45.8K horizontal support. When these zones are reached I am expecting a retracement of the completed 5th wave...

jaorcine

This post will be the start of my wave-by-wave analysis of BTC and soon will add more coins preferably the large-cap coins. The retracement at 37K is an acceptable price for wave 2 of the bullish scenario which is between 0.5-0.618 of the Fibonacci retracement area. BTC is currently making an impulsive 3rd wave (ongoing) and may reach as high as 41944.89,...