Hello Everyone, Yesterday I posted the Elliott Wave analysis, and Today I decided to give you a more traditional view. They complement each other, and they should be used together. Elliott Wave has far better long-term and short-term forecasting power, and the traditional is excellent to confirm The Elliott Wave prediction or debunk it. So they should always be...
Hello Everyone, Today I decided to present you my most probable Elliott Wave counting. Although Elliott Wave can be a potent tool that can make you profitable if used wisely, sometimes there could be a margin of interpretation from the trader, resulting in painful mistakes. When analysing a chart using Elliott Wave, there are instances where the counting is...
Hello Everyone, I hope you all enjoyed the time with your families. I apologise for being absent. I took some holidays during Christmas to spend time with my family. Now looking at BTC...There have been few excellent opportunities to capitulate in the past days, with BTC trading in a range with 46000 and 52000 as the main boundaries of the rectangle pattern. How...
Hello Everyone, Finally, BTC has made a move. Bitcoin has broken the falling wedge. This is a bullish sign with a target of the pattern 52k minimum. To make it simple, we have finally broken the bearish structures of the lower high, and we are now forming the first higher high after a month of bearishness. This is positive. However, the perfect sign will be for...
Hello Everyone, Since the video 2 days ago, BTC has suffered a small down move to 45500. In this clean chart, I present you with the accurate BTC picture at the moment. Bitcoin it is currently trading above a list of many strong support. (200day VWMA, 52 week VWMA, VWAP) This suggests that BTC is at a fair price, with the mean price set between 45 and 47k. This...
Hello Everyone. One of my favourites is now looking extremely strong. It is now forming an HnS. However, it is safer to wait for the completion of the right shoulder. The retracement on support at 98 is expected soon. I will look for entries at 98-100. The target is 160 short terms before a meaningful retracement. In the other panel, you can see the weekly chart...
Hello Everyone. One of my favourites is now looking extremely strong. It is now forming an HnS. However, it is safer to wait for the completion of the right shoulder. The retracement on support at 98 is expected soon. I will look for entries at 98-100. The target is 160 short terms before a meaningful retracement. In the other panel, you can see the weekly chart...
Hello everyone, As the weekend approaches, things should start to quiet down. Historically weekends are low in volume with fewer participants in the market. I am sure most of you know by now that BTC is trading in a range forming a flat triangle. Yesterday we had a clear liquidity hunting event with big players liquidating small participants on support to create...
Hello Everyone, In this video, I touched very briefly on the FED meeting of yesterday. I am then diving into the technical picture and what to expect next from Bitcoin. The next 24H will be interesting. Do not miss this update. FOLLOW ME, SHARE, LIKE AND COMMENT
A lot of FUD from the FED meeting today. However, this was an important week for the SPX and markets. Everything has already been priced in. The SPX has now printed a bullish engulfing on the 4h. Although not as powerful as others I have seen, it is still a bullish sign. In my opinion, we are in the process to create an inverted head and shoulder. It is now...
Although the S&P 500 has been pushing hard for the last year, I think the omicron shakeout has brought a new short term correction. I have laid out the wave count in the chart. This was the 5 wave cycles of the intermediate wave 5 of the primary wave 3 (not highlighted here). This is also been confirmed by the EW channel drawn in the chart. I expect S&P to finish...
Bitcoin dominance appears to be forming a classic Elliot wave flat triangle. Not much to say here. I expect BTC to be the protagonist of the next move. Altcoins will likely start gaining strongly on BTC in 2 - 3 weeks. The BTCD target is 33%, the lowest ever. FOLLOW ME, LIKE SHARE AND COMMENT
Hello Everyone, I wanted to share this idea with you as I think it is an excellent food for the brain and to dwell on. I am not saying that it will play the same as in September, but we can deny that the similarities are staggering. -RSI sam level -Stoch RSI same level -The support found on 2 VWAP from High and Low from long and intermediate trend -Resistance...
Hello everyone, Which one will it be? BTC is on the verge of an important decision. Will BTC complete the HnS and Head to 42k? Or will BTC bounce from the support and break the HnS creating a strong reaction that will bring it to 56-58k? Most of the oscillators and momentum indicators are flashing oversold. However, if we look at the volume, every bounce from...
Hello everyone, In this video, I am going through my thinking process when looking at the current Bitcoin structure. Hopefully, this will help you learn to create a strategy and a thinking process that is unique to you. If you follow other traders' ideas, you will likely lose money nine times out of 10. Why? Because each of us has a different plan, risk...
Hello everyone, In this video, I dive into the least price action of bitcoin. I use different indicators such as moving averages, Elliott wave counting and oscillators. I also explain why I changed my Elliott Wave counting and my opinion on this current BTC trend. If you like it, don't forget to FOLLOW ME, SHARE, LIKE AND COMMENT
Hello Everyone, I present here two possible scenarios. As an Elliott Wave theorist, you need always to have your most probable wave count and then some alternative on the side. My first scenario was back in May through July. We had a zigzag and then followed by the new wave 5, which has been invalidated. These are now my two most probable scenarios. The first...
Hello, Some of you may recall back in sep-oct I was calling the breakout of this pennant/iHnS/Cup n Handle (depending on your view, many patterns can be found in one). I was calling as a target 72-73k. We felt short of 3k from the target. However, that s not important. What is important is that this looks like a bullish retest of the pattern for now. This makes...