ASA2001

ASA2001

Hi guys, hope you are all well. Today we are looking at Exelixis, an oncology-focused biotechnology company that focuses on the discovery, development, and commercialization of new medicines to treat cancers in the United States. The market cap of the firm is roughly $7 billion. What drew me to looking into this company was its cash and cash equivalents value, a...

ASA2001

Hi guys, hope you are all well. I would like to just apologise for my inactivity on this profile in the last few weeks and I hope you are understanding. Today we are looking at Argo Blockchain, a stock I talked about having huge potential and, from the graph you can see, we have been right. I am currently in with a 340%+ gain and am expecting more to come. This...

ASA2001

Bitcoin has been on a plunge today. Which is great news for my prediction and overall look of the correction. Wave E has followed the shape of wave A, so it is all looking strong at the moment. Now a few reminders about this possible wave 5, and how it could play out. Be prepared for a possible ‘throw-under’ to occur, where we could dip under the $28,000 figure I...

ASA2001

Hi guys, please could you read the full context of this idea, as it clears up a lot of worries about my analysis which I have been asked about recently, and I would like you to understand that I am certain that we are heading in the direction I have planned on. Thank you in advance. Also, please put your diagrams in dark mode, to see all the lines well! First of...

ASA2001

Hi guys, a new company we will be looking at today is Dropbox (DBX). From the diagram we can see that wave 2 is currently in a triangle, and is close to completing its 4th wave and then heading down to completing the wave structure. I see the low of the stock hitting around 20-21$, a great buying opportunity where I see the company heading to higher highs (around...

ASA2001

Hi guys. I have corrected the upper trend line and it still shows that bitcoin is following the right path we are looking for. You may be thinking, surely a change in a trend line may indicate that the correction has failed, but this is far from the truth. The most important part of the correction is the wave structure. The wave structure is still strong and...

ASA2001

What did I tell you guys😅. Wave 4 within the 4th wave has acted perfectly and has follow the trajectory I expected. Now all we have to do is wait. Hopefully the wave will reach the trend line like expected and consolidate. Then it will be time to buy

ASA2001

So after reassessing my previous analysis, this wave 4 is looking to be a little bit tougher at the moment to wave 2. Nevertheless, I have realised that Wave 2 had two point where it touched a resistance line and then shot back up (outlined in green). This is what I am looking to see happen as well with Wave 4. You also have to take into consideration that today...

ASA2001

Something very interesting to look at is how this 4th wave is mimicking the 2nd wave. If you take a look at how steeply wave A rose, and then consolidated down to wave B, it is very similar to how it is beginning to form in wave 4. This is promising to see and I hope C can do the same. It is also good to see that the correction is following a 5-5-5-5-5 formation...

ASA2001

I want to make a disclaimer before beginning my analysis. Argo Blockchain is highly dependent and volatile stock due to it being a mirroring stock on the price of bitcoin. If you are not able to take days or even weeks of uncertain volatility, please stay away from this stock. However, with bitcoin being at such a high and less volatile (percentage wise) asset,...

ASA2001

After the movement of the 4th wave now returning back to higher levels after the drop to $28000, the wave will follow close to the shape of the 2nd wave, in a steep sloping ABC, reaching around $36000. This should indicate that the triangle is successfully following the pattern and we should then have a final reduction to possible figures of around $27500. After...

ASA2001

Description will be linked in other idea

ASA2001

After reassessing my original prediction for bitcoin, it was clear that Wave 3 of the 4th wave correction was too short to really have a good conviction and probable action. This model makes a lot more sense, due to the fact that the wave is now over a longer period of time, which is something common with triangles under the Elliot Wave Theory. This model also...

ASA2001

I have recently started with my elliott wave theory understanding so correct any mistakes that I have made(if there are any😅). I know that the labelling of waves (subdivision of waves : 1 (1) 1️⃣ etc) is not correct but it shouldn’t really matter. From my analysis i see that the 5th wave has clearly over thrown past the trendline of the the triangle, indicating a...