My current Elliott wave count. Seems Pretty textbook E.W just waiting to play the break out of wave 1. Wave 2 could be making a variety of corrective patterns right now so might take a while of consolidation especially if we have to wait for a combo pattern.
Very nice double bottom at the end of the primary B correction between its intermediate 3 and truncated 5th wave which hopefully signals a strong primary C wave.
However we are in a bull market so obviously caution is needed when looking for long positions. So I'll reconsider my count if the wave 2 retraces much below the 108 price range.
All cryptos currently are driven by the price of BTC/USD so this could also be used to forecast that pair. Ethereum moves with about a 1.5-3 multiplier on Bitcoin recently so I find it easy to predict also = Bigger Bucks.
I'm publishing this because I'm in no means an expert and critical appraisal would be much encouraged and hopefully people could also learn from this. So lets all help each other get filthy rich $$.
Thanks,
Tom
Very nice double bottom at the end of the primary B correction between its intermediate 3 and truncated 5th wave which hopefully signals a strong primary C wave.
However we are in a bull market so obviously caution is needed when looking for long positions. So I'll reconsider my count if the wave 2 retraces much below the 108 price range.
All cryptos currently are driven by the price of BTC/USD so this could also be used to forecast that pair. Ethereum moves with about a 1.5-3 multiplier on Bitcoin recently so I find it easy to predict also = Bigger Bucks.
I'm publishing this because I'm in no means an expert and critical appraisal would be much encouraged and hopefully people could also learn from this. So lets all help each other get filthy rich $$.
Thanks,
Tom
Note
Well seems to be playing out nicely, currently making the first wave of the 3rd wave of the 3rd wave of the C. (God I love Elliott wave)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.