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TRIAS elliot wave macro viewthis is not a price prediction, my macro targets are $81 - $111, which are conservative observations, nearly programmed into the next run, anyways, this is a possible count we could see, it would give us the info that the maximum bottom would be 0.8 but even that would be unlikely, maybe $1. it also tells us that we would see a abc correction to the upside afterward, the abc would be the lower end of the FIB extension so close to $81 if that takes up the whole run, we could see a 5 wave down then another abc up but i do not want to get into that because it is to speculatory
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by joshwashington
TRIAS NEEDS TO BREAK OUT elliott wave these are the two possible short term scenarios we have for TRIAS, 1. We have completed the correction, the bottom is in and it is time for a reversal, these would mean we break out of the channel and start a 5 wave impulse up, the first levels at around $4. 2. If we do not breakout from this channel right now and start to see more downside, then we MUST put in a 5 wave impulse to the downside, I would suspect we see a reversal right after that. (first wave up to 3.8) PLEASE NOTE : trias follows bitcoin heavily and depending on what happens with btc.d (view linked idea), we may have fake outs but the overall idea would be the same to simplify what this idea means, we either break out heavy to the upside now or we must put in another 5 wave impulse to the downside before a reversal
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by joshwashington
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TRIAS short to mid term price prediction for Julythis is what im seeing right now for TRIAS, I have extended the walls of the trading channel because of the bitcoin pump, the target has NOT changed, however it may be delayed by a few days or weeks. The paths provided are basically to show that no matter what low time frame pump and dumps we see, the overall target is still 0.7 - 0.8, this is needed because TRIAS has not had a final wave down and I go into more reasoning on my BTC dominance explanation (linked). Although unlikely at this point, we may see a pump up but I would advise not to trade into it, most likely it would be yet another bull trap. Drop a comment and I will be happy to chat or have any friendly back and forth on other opinions. Take care EDIT : Target date for green box is sometime in July, most likely mid to late July, however this is mainly based off of prices and not time, basically meaning the drop could be delayed but would still happen.
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by joshwashington
TRIAS price prediction 0.7-0.8 june 22nd to mid julyright now trias is making a series of lower highs and lower lows, this makes the general bias a downtrend, you may ask for how long and how I came to the figures 0.7-0.8. First, 0.7-0.8 came for simple TA and a combination of what is going on with bitcoin, this is a range we must hit or get close to in order to solidify a bottom. IMPORTANT: Secondly, right now bitcoin is looking to set in it's bottom. once bitcoin finds a bottom people will start to buy in and btc.d will rise (more money goes into BTC compared to alts), during this time alts will begin to truly crash as money comes out of them, this could be a few weeks or months depending on the coin, alts will find their bottoms after bitcoin and then once their bottoms are in and dust starts to settle, btc.d will begin to lower again but this time and uptrend. For these reasons I believe TRIAS will start to drop hard even after bitcoin finds a bottom, which looks likely within the month or start of July. I also believe TRIAS will bottom 0.8 or just below, I believe this will happen mid-late July, reasons provided above regarding btc.d. Thank you for taking the time to read, leave any comments and I will be happy to respond and even have friendly discussion. EDIT: SEE LINKED RELATED POST WHICH EXPLAINS BITCOIN DOMINANCE SPECIFICALLY, THAT WILL HELP UNDERSTAND WHY TRIAS WILL BOTTOM AFTER AND HARDER THAN BITCOIN
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by joshwashington
trias price patternI DO NOT KNOW ANY SORT OF ANALYSIS, I JUST DREW THIS TRIANGLE A COUPLE DAYS AGO AND IT HAPPANS TO BE FOLLOWING IT PERFECTLY. i have no idea how this will play out, the idea of capitulation is being thrown around with the fomc announcement tomorrow / in may so downside like this is possible, but saying that i think it will be quick and we will see new high after this, either after may or sometime after July. please do not follow this chart, i just drew the triangle and it has followed so im only posted so i can see if it played out or not.
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by joshwashington
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trias april 18th/19thtoday is a key day, bitcoin has bumped up and has thrown us off track, the purple lines are the levels I would guess we get rejected from. I still project us to be in the 4.5-4 dollar range even if that happens a day or two later. I have added an upside line and I suspect we will know which way we are heading by tonight or early tomorrow. again, my charts are reflected by levels and not by time so keep that in mind while looking back on these, as well, as much as trias may want to dip or rise, currently it almost exactly mirrors bitcoin so that is where we will see any moves from.
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by joshwashington
trias prediction updated. april 12th to 16ththese so far are my predictions for trias. if you notice the top wave has followed nicely and the bottom line from the previous chart has been invalidated. Now personally I believe will we see the bottom wave play out because bitcoin is expected to also go down. PLEASE NOTE - 1. trias is heavily affected by bitcoin and any radical move from bitcoin will most likely affect trias. 2. The waves shown are based off price amounts/levels and not accurately placed over time. is everything goes to plan then things should happen during those dates but ultimately things happen when prices get to certain amounts. Although I am hoping for trias to dip down into the 4s now, I am extremally bullish long term, 200 this year and 2000 in 2023, as conservative guesses.
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by joshwashington
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