Not liking the last leg, so waiting for a confirmation. Things are cooking slowly... This could be a nice long.
Altho sneaky and hard to see, with alts bleeding and strugling not to invalidate potential impulses, btc could be forming an expanded flat as a wave 2 with C beind an ending diagonal. Just when majority is starting to be bearish, the monster could go up. Ending contracting diagonals are formed of zig zags. Wave 1 is bigger than 3 is bigger than 5. 2 has to be...
For the moment second wave (B) of a potential wave Y is disproportional comparing to the first (B) so we might get the red movement. For the moment, i am bearish.
This looks like a lay up . Clean invalidation points if this is an Ending diagonal pattern. Want to see a motive wave and break of top trend line of the diag. Then potential full send
Hopefully this dies ... And doesnt wake up ever again. Or someone can call another pandemic and then vaccines are about to be taken again right? say 2025?
Yellow full bull and wave 3 of 3 incoming. Red count would represent lower lows. For the moment, we are waiting for the clean ew structure
Normally it is hard to write a meaningfull message when everything that was in my mind about the current btc move is represented with Elliott wave and RED and Yellow Pattern. Alts seem to be bottoming, but for some reason i could see BTC visiting lower prices as well.
From what it seems, AI made a 3 wave move before dropping impulsively. That drop doesnt look corrective so i expect following potential outcomes. Leaning more to deeper correction. (Red pattern) Flat corrections require 3/3 /5 patterns It looks like A (Flat) B (Zig zag) C (Impulse) (for the moment its only 1 of 5 waves. My longs are safe with stop loss in...
Completing an impulse i am expecting a retrace on EUR before EUR grows stronger. This drop could be a wave A of a zig zag. Also it can be a wave C of a flat. Count not present on a chart. Will follow and update the idea. Stay tuned.
There is still a possibility that this prints out a flat corrective pattern. Would go well with previous idea i stated a week ago.
Definitly gives a Flat vibe when it comes to Elliott wave pattern. The impulse in a leg C is not the cleanest thing in the world. Maybe one more leg down, then it would make more sense. And pattern would look healthier. Stops arent yet triggered. Not enough pain in my opinion. Decent area to spot this asset. Save some more money in case this dives deeper.
Tesla impulsive of the lows. Leaning towards yellow count. Buy the retrace. this should go external.
Potential 12 12 pattern on AAVE. That would be the yellow story. Red story is alternate pain/lower prices
Perhaps more down to come on Zil Potential expanding triangle( thats rare) Still no impulse of the lows. Cant blame you if you longed this.
Yellow = Done - Send it. Wave A -Flat Wave B- Zig zag Wave C- Ending diagonal 335 or Flat. Red= More corrective and screwery incoming The inner wave looks overlapish and 3 wawish
Even tho the impulse is ugly, its still valid and its a bounce from support area. Healthy Risk to reward here. Put a nice SL and this could go. Retracements are for buying
Dead horse seems to be impulsive of the lows. However, that impulse can be a wave C of a flat and we hit lower lows. Anyhow... White represents that the bottom is in.
If wave 4 downwards develops into a flat, then red happens. If bottom is in, then near will fly and it will be far.