wildhood

wildhood Updated 

The current BTC correction looks like an incomplete ABC, nearing the end of the B wave. (Only referencing the ABC for descriptive purposes. The start of this correction, at the peak of the likely 2-month long impulsive motive move, appears to have a flat making for the W of a likely WXY. So, if this is the X wave in the correction. Perhaps we're due for another...

wildhood

Nearing the end of this triangle, and getting ready for an impulsive move. I think the direction will be up, based on what I can discern from Elliot Waves. Unclear, but nice R:R.

wildhood

There are a mix of things on this chart: Elliott Wave - currently appears to be mid C; Harmonic reversal point (bat); and Kihon Suchi 9 period rhythm.

wildhood

Just mapping out a possible Elliott Wave impulsive move for the year, re. BTC. Just an idea. Includes concepts re. Ichimoku Kinko Hyo, time cycles (kihon suchi) and price interaction w/ the weekly komo cloud. See chart for comments. Currently, looking for a completion of Wave 1 - it appears that today might mark the beginning of a wave 1.5 (sub 5). If so, the...

wildhood Updated 

Adjusted my wave count. Just publishing out of curiosity to see how my predictions do. I do not have any open trades, but a break above the triangle - by my count, not a triangle formation wave, but just some apparently relevant trend lines - may be enough for me to consider re-engaging a trade, depending on bitcoin's and ethereum's structure. My previous...

wildhood Updated 

I'm unsure about the Elliot Wave count on this WXY correction, but it looks plausible at the moment. The J Powell speech created quite a strong reaction, but I think it's unlikely that it's the start of a large impulsive move up. Instead, it looks like the B wave in a zig zag... I think. Stressful trading this atm, because a larger wave 5 on BTC and ETH do not...

wildhood Updated 

Just an idea on (BTC.D - some stable coins) I modified the price data on BTC.D to exclude influence from USDT.D and USDC.D, just b/c those make up a sizable proportion of crypto's market cap that isn't of interest when comparing what type of risk (non USD) traders and investors are preferring.

wildhood Updated 

Although we are likely in wave C of an ABC, and C is greater than 0.618 of A (where a reversal is possible), I think there is more room to fall, before completing the impulsive wave C. Perhaps the completion of the 0.5:2.0 AB=CD harmonic will mark the bottom. Curious to see how this plays out.

wildhood Updated 

The correction on chainlink looks like it could be a expanded flat, currently within the impulsive wave c. If this is Wave 2 of a larger impulsive wave up, then wave 2 may not complete until link is within the $5.58 range.

wildhood

Just a quick post to share ideas for potential reversal zones on bitcoin. Chart: Bat and crab patterns are visible. The crab is not quite as strong as the bat. I think we'll see some more volatility corrective moves (liquidate the shorts, and some longs) after this strong impulsive move. Subdividing this impulsive move into waves is a little murky, but I think...

wildhood

The CPI in the news tomorrow. If it is lower than expected, that might be a catalyst to push out of this triangle in wave 4 position. The dashed line is a near term bearish trend. A break of this line, subsequent retest to reset the oscillators, and then a move into wave 5 with a length = wave 1, looks possible. This coincides with the completion of a bearish AB...

wildhood Updated 

I think chain link marines are accumulating. I expect a rather strong snap into a 3rd impulsive wave if the rest of the markets move sideways. Read more about the accumulation distribution indicator here: www.tradingview.com

wildhood Updated 

Just noticed a gartley pattern on Bitcoin. The current price action looks corrective and this pattern could mark the beginning of a wave C in an ABC, or some more complex correction.

wildhood Updated 

Please see chart for notes. Not a buy yet, but perhaps nearing a bottom of some significance.

wildhood Updated 

I've posted nearly the same chart two other times today. I don't think it's wise to trade this week with considerable risk given uncertainty regarding the FOMC and the CPI. However, Elliot Wave analysis does present some clues, if, if, if it can be correctly discerned. I have not taken the time to zoom into sub time frames to confirm this combination. However, I...

wildhood Updated 

Just a bullish idea. If the CPI and the FOMC come in with bullish influence, this 5th wave looks possible. See my previous post for a bearish perspective.

wildhood Updated 

Just another refinement of my earlier posts. Looks like a wave 5 has yet to occur. It's not totally clear, but this sequence of flats in the XYZ in wave 4 makes a little more sense to me.

wildhood Updated 

Just an idea. See Chart. Currently, the price is in correction after likely completing an impulsive wave 5, with a truncated 5. Short then, probably long at the Gartely completion, depending on the FOMC.