member_berry

member_berry Updated 

Alright everyone today i want to introduce Elliot Wave and Fibonacci Extension and Retracement Levels. I will upload another learning session on Smart Money Concepts and Channels and how to apply them to the Elliot Waves. Since trading is mostly done by algorithms these days it is making it easier and easier to predict the market if you can figure out what the...

member_berry

Hello as you can see we have 5 waves up and an abc correction. we are working on the C wave and i expect it to hit 54.7k because that is the 1.1 extension fib of wave a measured from wave b (be careful tho as wave C can go to 1.618 which would be 44k i dont see that happening this time tho as we still need to make a wave 5 on the super large time frame), as well...

member_berry

Hello we are in a strong downtrend and just finishing wave 4 (possibly). The wave 5 target is 55k which is also the wave c target of the bigger trend. We will watch to see 68354 is broken which would invalidate the drop down to 55k. if we dont hold 55k we have a FVG at 48k which could be swept COINBASE:BTCUSD INDEX:BTCUSD BINANCE:BTCUSD

member_berry Updated 

bitcoin is in a downtrend and the daily chart shows some interesting developments. we have 2 fair value gaps one at 64.5k - 63.1k which lines up with my wave 3 target which is the 1.618 level of wave 1 measured from top of wave 2. We have another fair value gap at 62.5 that extends down to 59.6k which is significant and will probably be filled. this would be my...

member_berry

wave 3 should hit the 1.618 extension and we get bounce to the mid bigger downtrend channel (orange) in a wave 4. Should come down in a wave 5 to 56.8k area and then well see if we hold there. If however we get a bounce here at wave 3 then this was just an abc corrective wave of the wxy and i will need to rechart some stuff

member_berry

BTC is in downtrend workin on wave 3 wit a target of fib level 2 at 61750 it will bounce to the bigger downtrend channel (Orange) midline in a wave 4 and then impulse down to the larger timeframe base channel bottom (Purple) at around 56.4k in a wave 5. will get an abc correction upside and if we dont break swing high we will start a new set downward with target...