TSuth

TSuth Updated 

Rivian, much like Tesla has a couple different counts that are possible where we're at right now. In the bottom right of the chart there is a key labeling the different counts. ALL three have an equal chance of coming to fruition. They're also all very similar to each other but the details are important to the long-term count. Primary suggests iv is done and...

TSuth Updated 

As the title suggests BTC is headed higher in its wave v. Without going too much into it, the wave v target for BTC right now is anywhere from $50k-$70k. This, IMHO will help to drive up Coinbase even more and pairs nicely with my predictions. If you look at the top right of the chart you can see my wave v of (i) label. This shows my price target for this part of...

TSuth

I have been really looking at AMD lately because it has been on a tear for years now. In 2018 it was trading for under $10 and closed over $172 dollars on Friday! Thats a 1620% return on your investment in 7 years...talk about insane! Last time I posted on AMD I made an hourly chart and I believe I was off by one degree. The main chart you see above is the daily...

TSuth Updated 

We still don't yet have 100% confirmation, but we technically speaking don't get that until we make a new high lol. What I would like to have seen was a clean 3-wave retrace hitting standard fibs, but when do we ever get exactly what we want? That being said, the type of price action we are seeing seems completely impulsive to me. This combined with the fact that...

TSuth Updated 

This move up has been somewhat sloppy, but I get 5-waves out of it that thus far have hit standard fibs for the most part. Structurally it looks complete to me and MACD seems to agree with this count too as of now. What I want to see next is a 3-wave retrace into the target box. The reason it is a wide box atm is due to the nature of wave 2's. They can be short,...

TSuth

Gold has to be the slowest moving ticker I have ever tracked lol. It's like watching hair grow, like watching a sloth walk, or like watching a snail cross the road. All SUUUPER exciting. After saying all this, nothing has changed yet. As I have stated in my SPY post, I believe the S&P is about to drop for b wave of 5 so maybe that will help propel Gold slightly...

TSuth

We FINALLY some good price action today. Price ended 10.11% up from its LOD, MACD made a new local high, and price finally started to raise with strength. The reason I mention with strength is because of that high MACD made. That was very important because had it not made a new high, this would have turned out to be just another minor c wave before dropping even...

TSuth Updated 

Apple is following an ideal path thus far. If you all recall I bought 2 puts when price was about $195-$196. I sold the first one when price was about $186 and the second around $181. I didn't make a ton of money off of it, but a couple hundred is better than nothing. Tomorrow morning, depending on price action, I may buy another put or two in anticipation of the...

TSuth Updated 

Today may not have seemed that important, but to dismiss it as just another day is a mistake. As one of my followers mentioned earlier, MACD flashed its first green signal since 29 Dec of last year. I mentioned the other day the MACD line was about to cross the signal line, and that's exactly what we got today. Looking at the daily chart, it also appears we have...

TSuth Updated 

Today we didn't get the clean 5-wave set-up Coinbase provided, but nonetheless, it does appear to be carving a 5-wave set-up. I would like us to tag the 2.0 @ $191.41 next followed by a 3-wave retrace to the low $180's ideally. MACD seems to be supporting this count at this time, but we have yet to get confirmation. Just as with Coinbase, once we get the structure...

TSuth Updated 

I feel like I updated y'all throughout the day and don't have much to add. The smallest timeframe I can post is a 15min chart or I would post the 3min graph for more detail. As you see here I believe we need OMH for mini-wave 5 followed by a 3-wave move retrace. This, followed by an impulsive move higher is the confirmation we are waiting on. If this is the case,...

TSuth

This thing just keeps extending higher and higher. If one thing should be obvious to y'all by now is at some point you need a retrace to keep a healthy structure. We have extended almost all the way up to the 1.786 fib extension. As you can see from my labels on the chart, structurally this thing is complete. I could see OMH to tag the 1.786 and that being the...

TSuth Updated 

As I said in my last post, I think it very likely that the bottom is in. Just as with every other bottom or top though, you need confirmation before saying one way or the other. The first bit of confirming data you want to look for, is a clean 5-wave move higher followed by a 3-wave retrace forming a healthy 1-2. Right now, this doesn't look like a clean 5-wave...

TSuth Updated 

As y'all know by now I don't change my primary very easily. I do at times, but more times than not I have found my initial gut feeling is right more than not. On the chart you can see my ALT count which suggests I am one degree off with my primary count and the bottom is in. We don't yet have a 5-wave move higher with a 3-wave retrace so I can't say for certain...

TSuth

I had a follower ask me to post my hourly chart on AMD so I thought I would try to get it out real quick for those of you trading it. In order for wave iv to alternate with wave ii, it needs to be shallow and short. This is why I have my primary saying that iv is over, but it could verily easily fall slightly lower. If it does drop lower, it should be contained...

TSuth

There's a lot to unpack in this post. We'll start with the obvious and that price raised much higher than I anticipated. Rather it be the announcement of dividends or something else I'm not sure. The price action we got before the earnings released appeared corrective in nature which pointed lower. Given the new action we've received I've spent a decent amount of...

TSuth Updated 

Rivian's structure looks much like Tesla's. The difference between the two, I still feel Tesla is within a larger bull count, whereas I feel Rivian is within a larger corrective count. This makes me much stricter on the structure Tesla carves out vs Rivian. Rivian's next move higher will be that of an A wave which can appear as a 3 or 5 wave move. This can appear...

TSuth Updated 

Last night I mentioned it appeared Tesla was in an ED. I then posted what I wanted to see it do if that was the optimal count. Well, today it did exactly as I said it would. This makes it very likely this price action is an ED being carved out to finish the c of (C) of ((2)). We have positive divergence on the larger time frames, but today we made a new low on the...