jackrabbitrage

jackrabbitrage

This is a clean version where Pitchfork is removed. For details, please look at the idea I've included below. For some people, this could still be nothing more than a messy chart. So if you think, "where on earth could this chart be clean?" please don't say it...

jackrabbitrage

This is supplementary/alternative to my previous idea. Examining the internal waves of my presupposed "impulse," I realized some counts might mismatch Elliott's Law. Instead, this move may form a corrective wave, e.g., complex correction (WXYXZ, Gray) or Diagonal Triangle (ABCDE, red; could be longer if with a thrust). The chart would be self-explanatory, but the...

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The chart would be self-explanatory. Here we are rebounding from FE 0.886. I marked 1.000 and 1.114, respecting the H & S. This article is tagged as "short," but beware of possible extensive upside moves. Better be cautious until the candle crosses down the arcs' crosspoint (at least in a lower timeframe). By the way, this is an update for my most notorious...

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Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints. In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the...

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With the crypto exchange's asset liquidation plan flowing as FUD, the BTC chart, which looked strong, looks fragile. Technically, a Bullish Dragon (green)' s TP (21700) has almost been (but has yet) reached, and BTC is on the path to test the support of another giant Dragon (blue). Dragon patterns (often simply wedges), large or small, bullish or bearish, their...

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Some errors and issues in precision are addressed. No change in fundamental concepts. The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the bullish move after the breakout. Long until December, and maybe short (in January) at...

jackrabbitrage Updated 

The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the actual bullish move. Long until December, and maybe short (in January) at 33.5k-34k. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view...

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As we predicted, the bearish dragon pattern (red) is unfolding to pull the price down to approx. FR 0.786, almost the bottom of the pennant (gray). If it breaks, what's the next target? Because Gann Square works well, we could focus on its crucial component - two Gann Fans 1 X 1 (blue). Interestingly, the crosspoint of the two Gann Fans coincides with the FR...

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On top of what could be a relief rally or a tentative bull run, a Bearish Dragon Pattern is unfolding, with active OI in Binance rapidly decreasing (indicator pane). Typical TP is FR 0.786, but if it breaks the channel and re-enters the pennant this time, I'd like to point out the possibility of passing down through it to reach, e.g., 1.272. The green ark would...

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This is just a sketch. BTC is at the intersection of the arcs. It seems it's confined within. As always, meaningful moves would be after CES a couple of hours later. If the Gann Square works as expected, the more straightforward direction for BTC to go is down. In addition, the bearish dragon pattern of my previous idea hasn't unfolded completely. I have been...

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This is supplementary to my previous idea. If you don't like Gann Square and Arcs, ignore them, or skip this article. But how about the case where this upside was merely a fake out of the pennant? In the previous idea, I introduced a bearish scenario with an Elliott-wise impulsive movement. Considering the arc S&R, or the overall diagonal movement, it could also...

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Just an idea. Nothing major has changed from my previous ideas (a slight correction was made on the wave count). If this scenario plays out, we could short at around 20800 (-21200). Note: In this hypothesis, we are in the first corrective wave 2 (ABC) of a final, impulsive wave C (12345) of a zigzag (ABC) being the last componenet zigzag Z (ABC) of the whole...

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Wave counts corrected. The uppermost W wave begins with a zigzag whose first part is a diagonal triangle with a thrust, followed by wave X adjacent to wave Y, which is also counted as a triangle. The whole structure can be counted as a diagonal triangle ABCDE instead of the triple zigzag WXYXZ, in which case a thrust will likely appear at the end of wave E....

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Just an idea. Including revisions on previous ideas. WXYXZ: Elliot triple combo waves (ex. a triple zigzag) WXY: Elliot double combo waves (ex. a double zigzag) Basic principle: If a wave is a zigzag, it comprises three waves decomposed as 5-3-5. If WXY or WXYXZ is a zigzag, W, Y, and Z are each a zigzag. W, Y, and Z waves can each be a double or triple...

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Hello Bears! Although the BTC price is falling, I expect it may hold on to the bottom of the red channel. By the way, I see a giant green bullish dragon (or simply a falling wedge) sleeping (it hasn't been invalidated). When he wakes up, he will spit a beam of flame that will reach as high as 25k. The overall direction is still unclear, but the chart will...

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This is an update of my previous idea linked below. Two bullish dragon patterns (the smaller one was introduced in the previous idea) have been detected and still haven't been invalidated. If the price at least holds on to the support (green dotted line/gray boxes), we may be able to eye on long targets shown as red boxes. However, any bullish movements would...

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I'm currently bearish for BTC, but I examined possible strategies for a long entry because a bullish dragon pattern is detected on the 4H chart. Recommended Entry condition: breaking out diagonal resistance (green dotted line) & ideally pullback onto it Recommended TP: TP1: 20000 TP2: 0.618 - 0.786 Fib Retracement Criteria for entry (for reference only; trade...

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This is an update on my previous ideas (see links below.) As I explained in the related article , this downtrend may be forming a Triple Zigzag, having 3 zigzag waves joined by two corrective waves, each comprising 3 minor-sub waves (3-3-3-3-3, denoted as W-X-Y-X-Z). So far, it seems nothing violates Elliott Wave Theory's definition of Triple Zigzag. Let's...