raphael49419

raphael49419

HI Everyone, As you all know, i only post when things start to change or if something big is on the horizon, i know there is a lot to digest in my chart but let me explain my analysis. I still believe that this is wave C of my primary wave meaning that we have not seen our bottom. If this wave C goes above 32917.17 then my Extending primary wave B gets...

raphael49419 Updated 

HI Peeps, I only post when there is something relevant to post and i believe that finding the top is the most relevant topic of discussion right now. As all of you know i dont believe our bottom is in due to the FTX black swan event pushed our B correction down into a extended flat, this is what has confused most people, that bottom is what i believe is the B...

raphael49419

HI Traders, I have like the most of you wondered when or why have'nt we hit our bottom yet but i think i have an idea that may answer a few questions. 1. Have we hit our bottom? Probability is I don't believe we have, what i think has happened is that the FTX swan event pushed our B wave correction down into what looks like a 5th wave but actually a running flat...

raphael49419 Updated 

Santiment shared a chart that shows that systematic purchases of the flagship cryptocurrency over the past two months took place right before the BTC price advanced from under the $17,000 level, assuming that these purchases made a great contribution to these price surges. Sharks buying Bitcoin (wallets holding from 10 to 100 BTC) prevented its fall below the...

raphael49419

BTC is in its ABC correction with what looks like one more move down to the biggest support area between 14k - 10k, once the supports holds i think the worst is behind us. Plan your trade and trade your plan, always use a stop loss and never trade out of fear or greed. Play it safe and make money. Hope this helps or at least sparks and interest in some of you ...

raphael49419

BTC is ultimately ruling all cryptos and dictating the way, using wave counting a correction needs to take place and then another wave down to the high of 2018 which isn't much support but lets hope it withstands the pressure. Plan your trade and trade your plan, always use your stop loss and dont trade through fear or greed. Make your position count

raphael49419

Bitcoin is influencing every single crypto, thus we only need to monitor its red or green status and the push and pull manifests itself in all other crypto's. This said using Elliot wave principles you can clearly see the downward trend that it will bounce back up to complete its 4th wave 30200$ and then move down to 5 around 27686$. Remember to always use your...