Look for Bitcoin to complete a drastic drop during Wave 4 of what seems to be a developing motive wave. With both Waves 1 and 3 having have an internal three-wave setup, it's all but confirmed that we're in a Leading Diagonal Wave (feel free to call it a Wedge if you'd like). Sniff, sniff.... Issa dump.
Bitcoin’s run thus far has been wild. The future will only get wilder. Most Elliotticians predict that we are in a primary Wave 5 currently however, my big macro count differs at bit. Firstly, let it be known that Wave 3 isn’t mandated to end at the 1.618 level. I’ve made the mistake in assuming this too many times; all bad. Therefore it’s important to actually...
All bearish waves have been invalidated from my perspective. Bitcoin Bulls seem to have their targets set on $45K and then ultimately $47K to finish Wave 1 of the 5th Wave for Bitcoin's all-time, Wave 3 supercycle. With Wave 1 being a diagonal, Wave 2 should retrace nearly 80% of Wave 1 and send us back to $32K. Just when the fear re-emerges, Bulls will take off...
With Bitcoin all but coming to a complete stop, this is the perfect time to review potential Elliott Wave formations and hope you’re on the right side of the money. After clearing the Flat correction for Wave 4, Bitcoin’s following movements showed Three Waves in the following 1 and 2 numbered waves. At present moment, formation has all the signs of being in an...
The wave count unfortunately has been incredibly choppy on small timeframes however, the trend remains in a convincing downward motion (for the time being). Previously, my assumption was that Wave 3C was still in play but that particular idea has been debunked, thanks to fibonacci/elliott wave invalidation. The clearest and simplest wave count shows that we're...
After it’s all-time high being reached at $0.73, Doge has entered into its first primary corrective wave. With Wave 2a already completed, using the Fibonacci tool allows us to define to the final zone for the capitulatory Wave 2c (pending). Current in a very funky Wave 2b, the market will allow bulls to stride towards the $0.50-$0.53 range before its final leg...
Within the anticipated Wave C of Bitcoin's current Extended Flat, it appears that we're still in Wave 4 (within the 3rd wave; important to note). Nearing a finish of the (a) wave for 4/3's Flat around $45K, Bears are soon due to continue their downward pressure on the market's price. I'm expecting a Running Flat to play out for 4/3 as the all too common Extended...
XAU has an extremely bearish outlook as for macro analysis. Should the next test at $1900 fail, bearish traders will have a clear route to test the $1600 region. Another test of the $1900-$200 region should come shortly after. With a second failure, we can confirm the running flat formation for primary Wave 4. The down move could take up to 3 years. #PatiencePays
Bitcoin traders/investors continue to play Tug Of War as the asset continues its correction south (Wave 4). Expect Wave C to develop as an Expanding Ending Diagonal. With a 3 wave move for both Wave 1 and Wave 2, there's a good chance that Waves 3-5 will also develop in 3 wave sequences. Viewing this formation on smaller, hourly charts looks extremely choppy....
After finishing an aggressive 5 Wave move down for Wave 1 of the pending C wave, Bulls are hoping to break past the higher resistance level as price prepares to make a return the level of $1.60-$1.70. Currently developing a 535 Zig Zag correction, we can expect A wave to form as a leading diagonal (first green wave structure). The retracement from this formation...
Very important. Ripple completed 5 total waves down on its journey from $1.89 to $0.85. Within all Elliott Wave corrections, a single 5 wave move cannot be the complete form of the correction. It is only 50% of the correction at maximum. With 5 waves considered as A wave, we can expect 3 corrective bull waves upward for B. My target range for the up move is $1.65...
Bitcoin has extended northwest but more so sideways than up. With B Wave extending to 1.38 of A, we can expect the all too common, Extended Flat to manifest in bearish fashion. The most common targets for C wave of an Extended Flat are 1.23 and 1.618 of Wave AB. These targets will take us down to the range of $38K - $30K; also the same level as the previous...
Without finding support above $1.11, expect a 80% drop in Ripple's current price. While I misjudged the final massive pump, the fact that Wave 4 breached Wave 1 yet remains a fact. Consider the current market structure as Leading Diagonal formation (still). Typically within Leading Diagonals, after Wave 5 completes, the bearish correction returns for a diabolical...
Since 2019, Tesla has enjoyed a 1993% increase in value (from $44 to $900) thanks to Elon's cult following and an undeniably great line of products. While well deserved, the Tesla train has just completed is 5th Wave of Primary Wave 1. With Tesla euphoria at an all-time high, Wave 2 has quietly begun to initiate its sharp push downward. In anticipation of the...
Based on Elliott Wave analysis and what's determined to be the most likely outcome for Wave 4, I suspect that we're currently in the 1st of 3 phases for the total completion of the Wave 4 correction. Typically, a primary Wave 4 will retrace down towards the zone of the previous sub-wave 4 (aka Wave 4 of primary Wave 3). In Bitcoin's case, Wave 4 of Primary 3 is...
Look out for the Ending Diagonal to form for C Wave of the extended flat. $45K remains the target.
I'm expecting BTC to complete a 535 correction back up towards $58-$59K. Stronger downside should continue afterwards. Bears are currently in control for the short term (days). LONG SCALP Within a zig-zag, the following rules apply: Wave A - can be impulsive or diagonal (in this case it was a diagonal). Wave B - can be any 3 wave corrective pattern (in this case...
As outlined on my last Bitcoin idea, based on the length of Wave 1 downward, we can now assume a rough target for Bitcoin to around $45K (to form a running flat correction) — based on Elliott Waves and Fibonacci Levels. Prepare for big bulls to test the $90K range afterwards. We should then make a return back to the $45K after Wave 5/3 concludes. After $90K, the...