mattcorwin1

mattcorwin1 Updated 

This chart shows pretty clearly the bearish RSI divergence of the SPX and how it causes the market to plummet. The dot com crash was the first example I show on here, which then is followed by the covid crash which was really just a necessary correction given the broken technicals of this market (as shown by the divergence). The most damning part of this chart...

mattcorwin1 Updated 

Just for my own memory. I think pre halving explosion followed by crash then idk. alanwatts07

mattcorwin1 Updated 

Here is the weekly of BINANCE:BTCUSDT . Just looking at a bullish possibility with a beginning of a new parabolic run due to massive money printing by the fed as well as other causes.

mattcorwin1 Updated 

Btc retesting the resistance has held, I expect an increase.

mattcorwin1

Breaking this level will be a bit challenging but if so look out for 2.55 or 4.05 as the Elliot wave count is pretty. The first wave up had extended 3rd wave which doesn't appear on current 3rd wave: this indicates to me.... Either 1) Losing momentum and perhaps this 3rd wave will be shorter than the 1st and thus lead to a truncated 5th. 2) Possibility...

mattcorwin1 Updated 

This is a possibility. Looks so bearish to me but that might be the trick. The wave count points to possible end of correction, and if so look for one of those fake breakdowns and possibly scalp them and wait for the snap back above the triangle... otherwise dump to 18100. I don't even know if I trust this trade I give it like 45-60% odds. Look at CRYPTOCAP:TOTAL...

mattcorwin1 Updated 

You can see the stochastic rolling over as well as likely the end of a 5th wave. I think that might have been a wave 3 with an extended 5th wave... leading to a longer protracted correction, probably to around the .618 then off to around the 1.2-1.6 fib extension. Let me know your thoughts. Also greed index way too high. alternative.me

mattcorwin1

Short, watch for the fakeout though

mattcorwin1

Wow

mattcorwin1

Big rejection off of the uptrend line from way back in 2015. We shall see?

mattcorwin1 Updated 

So here is an update, just moved stop loss up to the white line and am honestly targeting the near 90% retracement but TP sooner. Expecting something llike that triangle

mattcorwin1 Updated 

not trading advice but this thing is extremely oversold and at the bottom of it's longterm support channel!

mattcorwin1 Updated 

I see this as a clear technical short considering three things. 1. Clear bearish rsi divergence 2. What appears to be a 3rd wave extension beneath what is now the 5th wave. 3. A fractal pattern involving truncated 5th waves on smaller time frames That being said parabolic runs are risky and an attempt to liquidate a bunch of the shorts might lead to fomo...

mattcorwin1

Yup we shall see

mattcorwin1 Updated 

Here is the COINBASE:BTCUSD chart with a full Elliot wave count. Let me know anybody who thinks they agree or especially if they think it is wrong! I would love to hear some different takes. I think it seems possible this is the third wave of the third wave (on an extended subwave 5) and is likely this parabolic move picks up speed very quickly. That could mean...

mattcorwin1

here is another look at btc heading down to 11200-400, possibly down to 10400.

mattcorwin1

Yup

mattcorwin1 Updated 

So I am anticipating a possible 5th wave extension to 16800-17000 before an inevitable correction ending either at 11200 or possibly 10200 (Worst case look for a quick wick to 9500 for the cme gap during a panic sell -- which will be bought up so fast if it even occurs.) I would not be surprised if it didn't get any further than 11200. After this it will be off...