RyanPal

RyanPal Updated 

5th wave was an ending diagonal. 5th of 5th wave was an ending diagonal. 5th of 5th of 5th wave was an ending diagonal. all of these waves broke their respective channels to make a swift move up with high volume. Beauty :')

RyanPal Updated 

If you have read the holy bible of elliott waves, you would know that Elliott wave guidelines suggest that you: 1. draw a straight line from end of wave 1 to end of wave 3 2. draw a parallel line from the end of wave 2 (parallel to the line we made in 1.) 3.if end of wave 4 is not on this line, adjust projection for wave 5 by drawing a parallel line to the line...

RyanPal

We are about to break the ending diagonal down of wave5. Most probable targets marked on the chart

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Red = Resistance Green = Support

RyanPal Updated 

You will know that this is the most likely path now but well, so many chances to fail lol Always keep backup counts

RyanPal Updated 

Lol this should be a local top right around here. then we should continue down. This chart has high chances of looking disastrously bad as well but whatever PS, also we made an ending diagonal on 5 min chart. comment below if you wanna see that count.

RyanPal Updated 

My current count is that we are in 3 of (3) wave of the A wave (of this Wave correction) (phew) but well, many other cases can still not be discarded. Anyways, another wrong idea. w.e.

RyanPal Updated 

Note: this is not wave slapping. Waves based on fibs.

RyanPal Updated 

5th touch in the logarithmic channel chart in next 4-5 year most probably at 300k-400k

RyanPal Updated 

After checking the 1minute chart on that deep wick. it seems that the wave 4 ended at the 38.2% retracement mark and was an irregular flat wave (wave c = 2.618x wave a). Here are the targets for wave 5. we have already crosses the 100% of wave 1 target. remaining ones are 161.8% (double top or truncated wave 5) or 261.8% of wave 1 (around 9500$). This will...

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Based on Elliott Wave theory

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Here is my alternative EW take on BTCUSD If we made this large ass Ending Diagonal for wave 5 of the C wave (which i earlier assumed ended the first time we reaced 5800$. In this case, We are already into the 3rd wave of the first wave up (of the first wave up)

RyanPal Updated 

Here is the complete story explained in terms of EWs. The whole correction is a WXYXZ triple zig-zag wave. The second X wave was this huge triangle with base at around 6000 (ABCDE). Now we are some where in the final zig-zag wave ABC. Most probable count being that we are somewhere in the wave B and maybe at the end of it and onto C (which should take us to 85.4%...

RyanPal

We seem to be in a wave (5) of 3. It looks like we are making an Ending Diagonal for this 5th wave. Lets see how this unfolds.

RyanPal

Current most plausible count. Once you see it with elliott waves, you see it.

RyanPal

See chart

RyanPal

In continuation to my previous idea on a larger timeframe:

RyanPal Updated 

Catch the dip @ 38.2%/50%/61.8% retracement points. 261.8% target remains a possibility but seems less likely for bullish target, 425% seems more likely. Goodluck