theansweris42

theansweris42

This analysis posits an ABC correction with wave B.4 currently in progress. I have a down-side target of $7.3k - $8k (target zone = Gray box) between now and mid-March.

theansweris42

This analysis posits a wave 1 leading diagonal in progress. The fifth wave looks to be almost complete and price will almost certainly be resisted by the deceleration shadow boundary. I would expect wave 2 to complete @ ~61.8% retracement, likely around the end of March ready for an April bull run.

theansweris42

The first wave up after the break-out appears to be complete. Watch for a >=50% retracement for W2 before a long entry.

theansweris42

This analysis posits that the W2 structure in play since April '19 is now complete. So begins W3, which, given the dimensions involved for W1 could be huge.

theansweris42

This analysis posits a W 5.3.3 in progress. Blast-off at any time!

theansweris42

A breakout from the long-term deceleration channel followed by a wave 1 and wave 2 completed makes this a very bullish outlook indeed. Price has now broken out of the nested deceleration channel (from the completed W1+W2).

theansweris42

Kennedy channel Elliott waves on commodities are like clockwork compared to crypto. This is a model KCEW structure. That'll be Silver about to pop out of it's downtrend then..

theansweris42

I see a completed W1 + W2 (88.6% retracement) and now a W3 in progress.

theansweris42

A breakout from the long-term deceleration channel followed by a wave 1 and wave 2 completed makes this a very bullish outlook indeed. Price has now broken out of the nested deceleration channel (from the completed W1+W2). 3x or more is possible in the next 3 months imho.

theansweris42

Ethereum is looking outstanding against BTC at the moment. A completed W1 + W2 and a nested W1 in progress. I would hold off a long entry until this nested W1 has completed and retraced at least 50% (sometime around March to April). I'll post another chart when I think this is ready to launch.

theansweris42

This analysis posits a counterfactual wave 2 of 5 in progress. The structure of the correction is an expanded flat with a 127.2% wave B and a 161.8% wave C. On this basis I speculate that wave C will find support at the confluence of 161.8% and deceleration channel upper boundary. Outlook is bearish until circa middle of February reaching a retracement of...

theansweris42

This analysis posits a wave C of an ABC correction in progress. The retracement of the candidate wave 1 leading diagonal is too shallow for a typical wave 2 retracement therefore my preferred wave-count now has the leading diagonal as a wave A. On this basis I would expect wave C to extend to 100% to 161.8% of wave A with resistance to be found at the deceleration...

theansweris42

Price is currently in Wave 2 of a leading diagonal and finding support at the lower boundary of the vestigial base channel from February 2019. The outlook right now is most definitely bearish in the near-term. Watch for the 50% and 61.8% fib levels for a bounce.

theansweris42

Price is finding support at the confluence of Base channel (Blue) and 50% wave 3 retracement. I'm looking for a W1+W2 candidate structure to 'step' out of the Deceleration channel (Red) before I open a long trade for the W5.

theansweris42

A breakout from the long-term deceleration channel as a leading diagonal is posited by this analysis. On this basis I would expect a final peak followed by a 50%+ retracement before a further rally.

theansweris42

A further rally looks to be imminent. Hold on to your hats!

theansweris42

Alt-BTC cap ratio has developed a wave 1 + 2 and 'stepped' out of it's long-term deceleration channel at the end of a very long falling wedge. Candidate wave 3 is now in progress which means it's alt-o-clock! Zoom-out to see the whole deceleration channel.

theansweris42

Contrary to my previous TA I now believe that BTC is manifesting a Wave 1 leading diagonal. I expect this to peak at about ~$9044 before a 50%+ retracement for it's wave 2. Once this retracement is complete then the stage is set for wave 3 with a peak at around ~$11.8k.