wildhood

wildhood Updated 

Just another refinement of my earlier posts. Looks like a wave 5 has yet to occur. It's not totally clear, but this sequence of flats in the XYZ in wave 4 makes a little more sense to me.

wildhood Updated 

Just an idea. See Chart. Currently, the price is in correction after likely completing an impulsive wave 5, with a truncated 5. Short then, probably long at the Gartely completion, depending on the FOMC.

wildhood Updated 

Elliot Wave Analysis of the BTC chart looks bullish. I'm guessing this triangle wave is part of a complex correction in wave 2, and so, we need one more leg down (about 4%) before a strong wave 3 up above the channel.

wildhood

The chart shows a high probability of a significant drop of value - complete failure? - of Microstrategy. Fortunately, a similar head and shoulders is not visible on the underlying asset held by MSTR, #bitcoin. That said, MSTR does hold a leveraged position in #bitcoin, so the possibility of default is real. It's just not as real as indicated by this chart. I...

wildhood Updated 

Bitcoin looks like it has put in extreme low on June 18th @ $17.5k and subsequent higher low, on Oct 13th @ $18.1k. This could be the completion of the first wave of a primary/larger impulsive Elliot wave up. A butterfly pattern marked the area of reversal for the completion of a sub wave 3. It appears that a bat pattern may mark the point of completion for the...

wildhood Updated 

Triangle as B wave in a corrective A-B-C zigzag. Bullish bat pattern marks a potential reversal zone. This would complete a 5-wave impulse pattern on LINKUSD. See my previously published post for more context on this chart.

wildhood

Clean cypher pattern on Apple, if we get a Santa rally. Looks like a good long entry. Refer to www.tradingview.com or other websites. Stop loss goes at X.

wildhood

On this chart, I've outlined some near-term thoughts re. Chainlink. On a higher time frame, this range is getting exhausted, and it may be time to move up. A potential inverse head and shoulders pattern targets $13 link. This week the FOMC could factor into the development of a 5th Elliot wave.

wildhood Updated 

The next H&S pattern may not be as obvious. Just kidding. In more seriousness, here are some things I'm considering when looking at Ethereum's relationship with the rest of cryptocurrency: Cultural influence: consider the significance of NFTs, DeFi, and other applications being launched from Ethereum. The ICO craze that characterized the 2017 bull run in...

wildhood

Looks like there's the potential for the development of a shark pattern with a rather fast rise in the value of the SPX, to the point of reversal near a developing downward trend line. A reveal here would correspond w/ a corrective c wave extending to 0.618 AB, which adds to the impulsive upward move. Just an idea. SPX looks a little over sold in short term;...

wildhood Updated 

Spotted... a bullish gartley on LINK/USD. Wait for a confirmed reversal. Link is also sporting an inverse head and shoulders, on a higher time frame, for which this current downward movement *may* be a throwback. If so, very bullish on this. Macro factors don't look favorable for risk assets, so that should be strongly considered with this trade.

wildhood

Nearing the end of a the zig-zag correction wave, with wave A = wave C in length. To have alternating character of wave C, a 3-3-5, I expect an extension on the impulsive 5th wave down. This could extend to 1.618 of wave A, which would be bad for the direction of the market overall. B/c crypto is so closely tied to equities, it will be informative to watch how the...

wildhood

Just an idea... if this is a A-B-C correction, on the SPX, then I think we could see a C wave in length as the A wave.

wildhood Updated 

See chart. Lots of hopium. Bullish cyhper, ichimoku looks good for a reversal to a sustained up trend. Zooming out: there's a formation of an inverse head and shoulders. If wave 4 is a throwback on the H&S, wave 5 could extend to hit the H&S target. Of course this is all very speculative. Just ideas of a green future.

wildhood

Looking for a correction before $18.1k. The rational is simple: If this is the 5th wave in an impulsive move, it cannot be longer than the 3rd wave, since the 1st wave was extended.

wildhood Updated 

Depends upon macro economic conditions, I think, but looks like a possibility for LINK/BTC.

wildhood

If the risk on move continues in the markets, As/if the DXY continues to weaken, BTCUSD may find it's bottom. The RSI (blue) and Ultimate Oscillator (red) downward trend - defined by an upper trend boundary line - May be crossed to indicate the end of a the declining trend in crypto/btc. This may not indicate that there is a strong reversal in price...

wildhood

Experimenting w/ fib time... no idea what I'm doing. This bullish Elliot wave count, is contingent upon a continued SPX climb. I could also imagine BTC ranging/consolidating below 25k for a while.