This is just an idea currently and im not sold on it but it is interesting enough for me to post it and keep an eye on it. For reference my over all current market view has been for last few months that the markets go super parabolic for blow off top and then well bear market for a hot minute or quick but harsh harsh drop. That would be due to if the economy is...
I made this a while ago back in June of 2022 if I remember correctly and I have a prior post on here about it. This is just and update to that as far as how it is holding up, which is holding up remarkably well. The arrows are of where each point is plotted as a reminder and that touch a specific price point. The purpose was to show that it has not changed and...
' Just one possible idea of DJI / SPX
This would be a wave 3 extension with a 9 count. DJI / SPX then have a large pull back into 4 and go for a wave 5 top top.
This is a combo of two prior post I have made of the vix and spy fractal ... If this plays out then Idk .. its bearish
Pull down the indicators!!!! To See THE CHART
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BINANCE:ETHUSDT
CBOE:ECM
It is in my opinion that Ethereum is replicating the Dow Jones Internet Commerce Index back from 2007- 2009. The structure looks to be identical! This makes me insanely bullish for ETH if it continues to follow it! Let me know what you guys think!
If this plays out Im gonna go bananas! This is a 2008 fractal but after the 2008 drop and its placed from the c-19 drop. I is stretch out a bit to make it easier to see ( in my opinion)
just a thought when looking at the VIX and SPY. Where the main box is where typical corrections go to/ end and they only really gotten above at 2008 and 2020
I am using Elliotg waves to provide I feel strong evidence to show the bottom being in!
1. look at the covid drop that being a wave 1 wave and wave 2 being the actual drop going down to the .854 which is one of the possible levels a wave 2 can retrace to
2.the 64k top was top of wave 3 and 69k top was apart of irregular/ Expanded Flats and it going to the 1.618...
weekly time frame. This is abc correction on a macro look of bitcoin! You can see this on the screen and as with the guide lines for c waves are that they typically extend to the 1.618 of wave A and we look to have pin point the 1.618 at 17.5k! If anyone has any thoughts on this feel free to let me know! @MelvinsMoves
Possible Top Coming In For Inflation In the U.S... RSI & MFI Are showing it and If it continues in the Parallel channel. While Also hitting a .618 on fib retracement
two macro fibs from high to lows and if we repeat what did last time then this is the bottom !!!!!! Let me know what you guys think?! also if you put the 34 & 89 ma on this when ever the 34 crosses under the 89 ma it signals bottom is already in! Dont believe me check it out for your self!
This is the same chart but with a potential fractal on how btc can play out! The fractal is from May 20, 2013 -Aug 26, 2013 BITSTAMP:BTCUSD BNC:BLX
Fractal is from the red circle
