Looks like BTC has picked a direction and if my read is correct, then new highs will be made and the risk of a lower low is greatly reduced.
I find it always helps to analyze wave counts from a variety of perspectives. Quite often the truth can be found as we zoom out and view the count from a big picture perspective. To that end, the daily chart for BTC suggests that there is still some unfinished business ahead for the primary wave two pullback. Intermediate wave (C) of primary wave two appears to...
I drew the line off the wrong pivot in my earlier post. Here's the correct chart. BTC needs to hold this line
Time to keep a close eye on BTC and most crytpos that have made recent rebounds off their pullback lows. I'm showing a couple of wave count options for BTC on this chart. The red nomenclature is the bullish resolution that the pullback has ended and from here BTC should be off to impulsive new highs. For this count to remain valid, the orange line must...
My previous IOTA post seems to have disappeared, so I"ll try reposting it. I believe IOTA is set up for an impulsive wave intermediate wave (3) of primary wave . It clearly had a very deep primary wave two retracement. I'll write more as things develop, this is just a test to see if it remains posted or not
I've read others who have called a top for ETH, ot a completion of five waves up for primary wavr one. The mistake many inexperienced Elliott Wave technicians make is failing to account for the subdivisions of an impulsive third wave. I posted my call for ETH lasr week and called for a period of new highs followed by pullbacks as different degree third and fourth...
Early I published a completed 1st primary wave one possibility for BTC, with some expected wave targets ranging from 10,000 down to below 8,000 for primary wave two . While that remains a distinct possibility, I want to propose another very viable wave count option that shows primary wave one still unfolding. It is very common for intermediate wave (4)s...
While many were promoting purchasing BTC, I was airing caution. The green trend line off higher lows remains the battle line between bulls and bears. We already have a bearish cross on the longer term 4h chart and a candle close below the green line coul open the door for 10k and possible even 8,000. The bearish scenario would fit well with a more normal primary...
NEO/USD is right on schedule for the intermediate wave (4) pullback that I highlighted yesterday. I have no position in NEO, but am looking for a solid entry between 80-90.
My near term target for ETH is 1488-1500. I believe ETH will break out of this consolidation triangle on the 15 min chart and push up to 1500ish to complete minor wave 3 of intermediate wave (3) of primary wave .
Right now I'm 100% invested in ETH. And as I look at most of the pairs that I'm interested in, ETH continues to outperform. I'm long term bullish on NEO and waiting for an entry point. According to my wave count, I'm expecting an intermediate wave (4) pullback. These waves typically pullback to the wave 4 of lesser degree level. In this case, it coincides...
BTC is at an inflection point. I believe it has completed its first primary wave . The question is whether or not it put in a relatively shallow wave or is it still unfolding with a target 10,000 or below? There is a bearish gartley and an A=C target shown by the yellow rectangle. The lime green line of the higher lows is the key, as long as it holds the...
If my wave count is correct for Ripple, then it didn't waste any time putting in its Primary Wave today. It's flash crash retraced over 50% of its entire move up from historic lows. If correct, then primary wave [3}, which should be the most impulsive wave in Cycle 1, should be underway. The alternative count would be that today was the intermediate wave (4)...
My Elliott Wave Analsysis has ETH in minuette wave (v) of minor wave 3 of intermediate wave (3) of primary wave . Last night I posted targets for minuette wave (iii) , which it hit today. Then we were looking for a 38.2% retracement to the level of subminuette wave iv of (iii) and we got that move as well. From here we should see new highs before another...