Just how I simply decipher Elliot corrective waves! I try not to be a purist and especially with crypto! Just an idea of my thought process and what I put on my charts as it pertains to my Fibonacci levels!
Just following along so far! still has a lil left IMO!
Heres and idea I rode for 660% so far and im up 20% on rentry! No fundamentals here just possible Elliot wave counts!
So far lots of people are calling for btc down! I have a bullish bias till we break pattern! I have 2 scenerios for this chart so we will see how it plays!
THis will be the last burn before a correction in Elliot wave!
I Found theres alot of people that don't truly have technical analysis training! I figured I would post this to help decipher my rules based trading and how to trade my charts!
Projected path for this type of pattern! not 100% on final target but will update with macro Elliot Wave when possible!
Ok I'm gonna give the final countdown macro here 3rd SPX idea
This is my second count as completely finished Ew cycle
Im kinda scared due to hitting like 5 targets in a row! This may be part of the election issues but my target is almost reached!
Watching after breakout ! I still cannot get levels for Elliot Wave and will update when I can!
2 possibilities here! Could either continue corrective or pump out in a five wave! I'm bearish in my bias!