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Truncated5thwave

Clarifying Solana's Path Hey friends, I always try to stay away from any specific news or events and focus solely on clarifying my path using Elliott Waves. After spending some time analyzing Solana's chart, here's what I've found: Solana has recently completed its fourth wave and has started forming its fifth wave. In the image, there's a clear parallel channel that I've explained. The question is: What happens now? ☝️ There are two possibilities: 1. All five waves have formed correctly and completely. 2. The fifth wave is not complete and is still forming. Let's examine both scenarios 🙌🏽. I'm approaching this with an unbiased perspective. If the first scenario is correct and the five waves are complete, we are now in wave a, which could present good selling opportunities. If the second scenario is true, we are now in wave 2 of the five waves, which could present good buying opportunities. But how can we determine which scenario will play out? I'd love to hear your thoughts, whatever they may be. Your friend, Rabbit ❤️
by alirexavy
Bitcoin Analyze (Road Map_Short Term)!!!🗺️ (Update)Hi, Bitcoin moved as I expected in my previous posts.✅ although I didn't expect that amazing dump and I tried to update my counting a little. I suggest you read my previous posts. Bitcoin Analyze ( BTCUSDT ) Timeframe 4H ⏰ Bitcoin is running in microwave 4 of microwave 5 of microwave 1 of Main wave C . Since we had a huge microwave 3, I expect that microwave 5 will be truncation . The target zone 🎯 of the end of microwave 4 : 49000$ until 51200$ The target zone 🎯 of the end of microwave 5 : 44000$ until 43000$ 🔴 RSI Analyze : RSI is moving on descending channel + we watched one of the valid bearish signals for RSI === Bearish Failure Swing , I believe that Bitcoin will enter the oversold zone. 👇https://www.tradingview.com/x/gUzD4ExD/ 🔴 November candlestick pattern: we can find 💫 Shooting Star 💫Pattern ( Bearish ) = The trigger was activated. 👇https://www.tradingview.com/x/mO8cA7Qa/ 🔴 Head and Shoulder Pattern : Bitcoin is pulling back to necking line of H&S❗️. 👇https://www.tradingview.com/x/5DPMl6Br/ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
by pejman_zwin
8
Truncated 5th Wave Or Just A Retest Of Support? Irregardless of direction im expecting expecting a 4-5% increase to test resistance above us. If Rejected im looking for a -20% move from lows to retest the support. What does that mean for bitcoin? looking for a move to ~48-49k before hitting resistance. If Bitcoin rejects at resistance i would be looking for a move down to 35-38k (Hard to calculate for in comparison to the total do to shifting dominance i the market). If 35-38k fails to hold as support im saying the top is in and the bull run is over. If 35-38k holds as support i think we may see alt confidence increase 10 fold. Bearish confluence: DXY broke out of a year long Falling wedge. Bullish pattern, bearish for traditional markets and Cryptos. (Chart linked below). Bond 10 year yield is bullish: Bearish indicator. Interest rates starting to increase: Bearish indicator. Total 2 and the Total 3 double topped: Bearish indicator. BTC chart currently following a blow off top pattern following the hard rejection at the 53k level. Blow off tops, generally speaking, have a bounce ~half the move from the top (65k) to the bottom (28.5k) of the structure. 65k - 28.5k = 36.5k / 2 = 18.25 + 28.5k = 46.75k / 53k = 88% With quick maths above you can see that BTC over shot the blow off top target by 12% which isn't out of the feasible range of this pattern. EW wise we may be looking at a Truncated 5th wave here: Truncated fifth waves happen when the 5th wave doesn't extend above the 3rd wave, typically happens after having a really strong 3rd wave. Following our top of 65k (End of wave 3) to our lows of 28.5k (End of wave 4) arguably we may have just seen the completion of wave 5 here with a top of 53K. Due your own due diligence and take your moon boi helmet off. Mitigate Risk. Pull Profits. Wait for confirmations. At this point this is all speculation. Follow the charts and watch for supports/ resistances and trade accordingly. At this time i am optimistically bullish, but i would be a fool to not look at the possible downside. As Always, Good Luck And Safe Trading.
CRYPTOCAP:TOTALShort
by CapitulationCalls
1