Monster Run Starts 7/11Updated details from my post on Friday 7/8. That was done in a hurry with the primary message being "seize the opportunity and Buy while its still in the 700s"... Here are my expectations after running a full analysis - I should note that the method I am using to calculate targets is my own, the Elliot Wave shown is just a supplemental check I use to confirm the move I am seeing coming using my method is plausible with respect to the larger structure:
- Pre-earnings target = 917.61, with the most explosive part of the move coming next week (7/11/2022 - 7/15/2022). There might be some resistance around 822-853, but I think it has the setup to squeeze right past it with consecutive big green days.
- After testing low 900s as a sign of strength, it might pullback/consolidate going into earnings. Post-ER target range is 955-984, and in the right environment it can even test the major resistance around 1150. I'll re-eval from there when the time comes.
Markup was activated with a break above 747.90, and then close above deep purple trendline Friday 7/8. We already got a taste of TSLAs strength above the 747 after hours 7/8 when if got to as high as 777 after Elon withdrew from the Twitter deal. He knows what he's doing.
Regards,
Grimes
we are from the dimension that exists in Your future, translated in Our past via R.E.M. within the dimension that exists in Your present... or did
Newmethod
Next transition state lead to 31616.3 New Method I developed and want to test, so this is more of an experiment.
General idea is that while a name consolidates it will follow a continuous-time Markov chain (CTMC), and the next state will be determined by the probabilities of a stochastic matrix.
- let a section here be a single diamond and a state be a neighborhood of 4 diamonds. The diamonds are drawn by making a base symmetrical triangle using rays, and then cloned to run parallel to the base at equidistance +-1, +-2, +-3,+-4,...+-n from base with the probability of breakout increasing with increasing n.
- the most probable next state will be the range from 28516 - 30840, however, due to the accelerating rate of BTCs most recent transition over the state path (drawn in yellow/highlight and merely connects the observed states in sequence), there is a decent probability BTC will generate the escape velocity here to break above 30840 and test 31616.3 (green projected path), if rejected at or before 30840 it will most likely continue its consolidation (red path).
- Estimated time to reach 31616.3 is by May 28. If it can break 31616.3 good chances it will do so by forming an impulse wave, a corrective wave to test old resistance for support, and then attempt true breakout of range and on to more exciting days.
Happy Trading,
Nash John