MKR looking to have finished a 4th wave correction in the form of an ABCDE triangle. confirmation upon breaking upwards out of the triangle. invalidation if we break below swing low
FTM/USDT pair looking like a wave B to me. contrary to what many are thinking. this should be considered a B until proven otherwise. whether this B will go to 0.618 or 0.786 or even an expanded flat is not clear yet. we can see 5 clear subwaves of A during this last drop.
COMP looks like finishing wave C. i would not be surprised to see a massive wave 3 upwards here, should BTC hold its ground in the coming days
right now this seems like the bullish count with a wave 5 up in the forming. If not, i expect us to retrace and maybe test the 0.618. in that case that push up would have been only wave B of wave 4. Bullish count however seems like subwave 1 of wave 5 is approaching its top..
I think correction is over! We can go up from here! Clean chart. Goodluck
21X just in 100 days! Whata chad! See you in next bull run :))
elliot wave theory = game genie i almost always need both geometry and fibs to support a proposed count along with divergence confirmation but this time no obvious support from various fib pulls. however even if the count is wrong, very likely to bounce its just a question of how much. 3-4-5 to 1 or 30-40-50 to 1.
Bulls did win the battle today and moved close to invalidate the bear nest and potentially make the WXYXZ pattern as complete. I am still suspect as the last wave down (off the 4653ish high) even though it is a 3 waver (Friday's low broke the 1st of Dec low), wave 3/C is too short. Normally the 3rd wave is the strongest even if it's a C wave, so having the C...
Based on the review, what I think is that the bit reached the end of wave 3 of 5 after breaking from 65,000 , and then we are in wave 4, and it is expected that due to the motion of wave b and passing wave a, a correction Arise irregularly Please note that this is only my personal opinion and not a buy and sell offer
The market has been making lower lows and lower highs since the ATH, but what is adding to the uncertainty is the fact that all these waves have been overlapping. Now normally that doesn't happen in Elliot Waves, unless we are seeing a Diagonal pattern (either ending or leading). The other situation when waves overlap is when they are a series of 1-2 waves (nested...
The wave count is showing a likely last move down, at the most concentrated VPR zone. Expecting a sizeable retrace, though the trend does appear to be moving down for now.
Audio sitting on fib 0.618 level rn. Can go another impulsive wave from here!
RSI broke the bearish trendline, which is a sign of strength. I entered to this trade and will add to my position if it closes above the red line.
Keep this under your radar. A close above the red line with volume would be a good trigger to take this trade. TP1 would give us 50% profit.
Increased volume during wave 5 suggests an extension to 1.618 is likely. I expect the end of wave 5 to mark the end of wave 1 of a motive wave of one larger degree, which should be followed by a zig zag correction and then an even more powerful motive wave for wave 3. Analysis is based entirely on Elliott's Wave Theory.
Feast yer eye's lads. Literally, 10 minutes ago Tether sent out 2 1 billion USDT minted transactions to binance. People will think they're buying when they're just replenishing supply requests. Wave count shows a decent first and third wave extension that NEARLY touched the 1.618 I was looking for. We passed a MAJOR VPR Resistance that was formed back in March...
My apologies for the cluttered chart, but many of the levels are critical in coming weeks. Referencing my recent Bitcoin analysis with valid wave counts potentially taking price down to the $27k-$30k area, I want to provide a possible bullish scenario as well. Should Bitcoin's overall uptrend continue, negating my wave count and breaking through the...
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...