Every 3 wave pull back can be a potential bottom and a wave 2 in the EW perspective. Eyeing circled wave 4 for a significant support. If not, lower lows at the circled yellow 2. I personally hold this one and not intending to sell. This count wasnt easy to distinguish and i also think that crypto needs to retest some lower lows a bit. (BTC related)
Besides the fact that we could be making a series of waves 12 on xrp, there is a perspective of a larger triangle presented on this chart. 3rd perspective is gravely bearish and would take us to much lower prices.
Adding red count in case we are hitting a flat count which implies 335 structure. Hence why the first downward move is labeled as a zig zag. So overall count wouldnt be a 535 zig zag pattern. Current PA of the latest lows (yesterdays) for the moment looks impulsive. This is why i entertain the green labeled idea that we might have a 3 wave pullback before we...
According to EW theory , there is supposed to be 5 waves in an impulsive or motive swing. Count is somewhat clean, and i do expect another wave to come and form the wave 5. Stop loss under the wave C area. After the 5th wave, i am expecting at least 2 months of correction in crypto alt space.
IF retrace is given, take it. Might wanna stop buy this one We had a sharp wave 2 , will we see a sideways triang or flat? After the completion of (5) we might look for a short oportunity. Send it. If its clean
Absolute beast of a ripper on RUNE. Putting a possibility of attacking that 3.618 algo. Bear in mind that we might have not yet completed that wave 3. Honestly i woulndt play with fire and long this one now. Great chances that we take some time to form wave 4 right now as well just like on LINK.
Current primary and secondary #Elliottwave count for #SPX. We might extend that B wave of a flat in a form of a double sharp combo. However, we might have bottomed a year ago and we are forming an impulse (or 12 12). So after the completition of a current wave, i will be watching for a corrective developement. Either to continue up in order to complete a...
Green area is the buy area. Another flat looking set up. 3/c Trade. Absolute beast of a set up. Elliotitian cant ask for more. Enjoy your free set up
Getting closer to the bottom. Phase 1. Spot the corrective Elliott wave pattern (Tripple zig zag in play) Phase 2. Try to snipe the micro count and see if you can somewhat see where the bottom could be. Phase 3. If bottom went well with calculations, wait for the impulsive structure to break the descending channel of the complete corrective structure. Phase 4. Buy...
If you like Elliott wave structure, this is an eye candy. with astronomical possibilities for Macro wave yellow circled wave iii Current Zig zag making corrective pattern seems to be making an impulsive A downwards. Its significant for waves 2 to be sharp and zig zag family oriented. Expecting lower lows before we rocket.
Using line chart for clearence. My macro outlook on EOS gives bottom signs. So current impulsive looking structure and the idea of buying a 3 wave pullback stands. Even tho that generaly i am torn in crypto space between 50% -50% if we are actually bottomed. Cant ignore the clear signs of market that alts are forming impulsive waves As an Elliottitian, i...
Lower lows to be tested. Since this impulsive structure looks like its about to be invalidated, i would suggest a flat playing out either as a wave 2 (presented in blue) or wave b of an ending diagonal. Has to wait the printing out.
Just like google looking structure but a bit more power here. Since we can se a roaring 5th wave on the move. Considering that the Elliott wave pattern is soon to be completed, things might start correcting and tanking. Shorts season incoming. Will watch this closely.
After a sequence of 5 waves in Elliott wave structure, we are supposed to see a significant correction. Similar outlook on MSFT , this seems to be printing the wave 5. And this one at the moment looks weak. Soon we might be looking for shorts.
We did reach a first station where this could drop. Had a reaction downwards, but is it enough? Presented WXY for aditional complex variation of wave 2 forming.
Im still 50% - 50% on the whole crypto and what are we actually building ew wise. Meaning, i am not sure we will have a massive bull run or all of these motive/impulsive waves are just forms of waves C of a last leg of a zig zags or flats. Would be sorry if i didnt long and we actually bottomed , so ETH idea of another 12 is on the table.
Seemingly we landed 12 Median line (blue line of the channel) is to be breached if we want to see wave 3. How about we see some green dillies on crypto.
The only question is ... Do you want to enter now, or you want to buy it at higher prices. Corrective is done IMO... Alts are pumping, only the matter of time when this will pump too. Elliott is there. and he says 5/3/5 corrective is over. 2nd thing we need is impulsive structure to confirm the bottom. Then absolute send for a wave 3. Targets? Too soon <3.