Wavec
Gold - Not a Safe Haven Part 2The volatility in gold has been quite challenging the last few weeks.
Gold appears to be in the final throes of intermediate wave B which would account for the massive volatility.
Wave C down is next and should take gold below 1000 if Wave A = Wave C.
A minor new high is possible but a collapse is ahead.
XAUUSD SELL PERFECT ANALYSIS HEREMost difficult task was to put wave 3 correctly. Finally i figured out it correctly. This could have gone complete wrong if I have putted wave 3 at the place of wave 5. We have caught this trade at most perfect time. This is gonna fall like hell. We will see all the D1 candles all red until it breaks below wave (a) or all red candles to atleast 1500. Gold has completed 12345 & (a)(b)wave. Remaining part is explained at the left side of the chart. Thanks to Sir Elliot we are predicting this chart. You can search for expanded ABC pattern to get confirmation.
Hit like button if you like my work.
So what is the secret?Not seeing anything to trade right now, so I am just chilling, and posting stuff here. I am following 2 trading rules at once (do not overtrade & take breaks to relax).
The best exceptional individuals dump on the early pros and savvy investors that dump on the institutions that dump on the various funds that dump on the twitter shills that dump on the baggies that dump on the best exceptional individuals that...
Gosh, if we could only shift it all by one the joe "macdonalds" macbaggy could actually make it. So close. Yet so far.
The secret? Not chasing every single move like a coke addicted chimpanzee. Choose the select few you KNOW are exceptional opportunities, and let the stuck struggling tryhards laugh at you for missing out.
Let the FOMO crew laugh at you for "missing out" and "being so wrong about the trend", smile when you dump on them for the 10th time in a row and they start being angry and calling you mean "what did we do to you?". So I suppose you could say here to emotion is important. If you start whining because the general public and low tier shitfunds make fun of you you will NEVER be able to do this.
Also, just having common sense and not - well, being a coke addicted chimpanzee that gets excited or panics.
Facts matter. You get in for a reason. You get out for a reason.
I will list 15 of the top rules of Paul Tudor Jones, I agree with most of them, well all of those here (just that number 1 does not apply to most of us):
I find it very interesting that Bitcoin "traders" as in "not gamblers" have the exact opposite rules. They are very educational.
Let me show you:
They are just so bad. Amazing. Like they try to be as awful as possible. And they even manage to lose by trying so hard to catch bottoms like the top traders.
They are even worse than "general public". This is why I love them so much, so educational. Just do the exact opposite of what they do.
And you do not need to be the 1 in a million.
Even the "various funds" make money. Sometimes they blow up too, so the rule "cut your losers" has no room for errors.
A Larger Correction Might Be Underway for VALEThe Cycle Wave 5 top (and Supercycle Wave 1 top) was most probably on the week of the 14th of May 2018 (please reffer to related idea).
NYSE:VALE now seems to be on an Intermediate Wave C which is part of the Cycle Wave A down.
If this count is correct we should still expect Intermediate waves B and C.
Only after Cycle Wave C, the last part of Supercycle Wave 2, should we see the hallowed Supercycle Wave 3. \o/
Best idea for now is to step aside from the stock and wait for signs Supercycle Wave 3 is around the corner...
UPDATED Apr 4, 2018 - Bitcoin in it's darkest hourHello gang.
So a quick update. I think that drop has invalidated Scenario B, which took wave 4 to the All-Time-High Trend line 2. In the least, it's definitely hurt the probability of it going there. I've removed it from the graph, to simplify the TA.
The scenario I've shown here are Scenario A ... this assumes that we are still in mini wave 3 of an impulse wave down. It basically treats the small rally and reversal as "noise". It assumes we will have a hard bounce off 6k (double bottom test) before starting mini wave 4. Mini wave 4 stops short of the wave 1 bottom, and bounces off a Fib line (0.786) before making it's final plunge to the bottom. This assumes mini wave 5 is shorter than mini wave 3, which keeps Elliot Wave theory in check. The box shown at the bottom right is the target range for the bottom of mini wave 5 keeping these "rules" in mind, and there is support at 5.4k, 5k, 4.5k and 4k that all fall in that box, so anyone of those could be the point we bounce from.
The other scenario I've shown here is Scenario C (B has been deleted) ... this assumes we finished mini wave 3 at 6.4k a few days back, and the recent rally to 7.5k is mini wave 4 completed. This means we would be in mini-wave 5 now, and the final wave to the mid-term bottom (and perhaps the very bottom). I've explained that comment below. If Scenario C is correct, then the box on the lower left is the potential target for the mini and grand wave 5 bottom, and there is support at 6k (double bottom test before a good bounce), 5.4k and 5k. Anyone of those could be the point we bounce from. A double bottom test at 6k to confirm "the bottom" would make sense in my mind ... but who knows what the big guys have planned to do with BTC.
OK, so could this be the final bottom after a grand impulse wave from 20k to ??. Some will say that my grand wave is incorrect, and wave 1 is from 20k to 6k ... possible. That would put us in grand wave 3 right now, and therefore after some reprieve in a grand wave 4 ... we still have to form grand wave 5 and this would take us to a very low price (perhaps then those predicting a bottom at 1k to 3k will finally claim victory, but I think it will be months before we can get to those levels). Others have drawn the same lines and called it an ABC correction (20k to 6k is wave A, 6k to 11.7k is wave B, and now we are in wave C). This theory essentially means the grand wave 5 I have shown in this chart is wave C, and the outcome is the same.
Remember, only a fool counts on one outcome!
Please do not use this information for investment purposes. This is for educational purposes only.
Possible EU Short - Overbought (Alternate view)Final wave 5
Wave 1 - standard impulse (i)
Wave 2 - WXY (ZZ variation) (ii)
Wave 3 - Extended to 2.618% (iii)
Wave 4 - Flat wave 4 (Rule of alternation met)
Wave 5 - 1 vs 5 = 100% and 3 vs 5 = 0.618% (Key Fib termination points as defined in EW)
From the high (v)
Wave A - ZZ down
Wave B - Complex Flat retrace between 0.618% and 0.786% of Wave A.
Forecast
Wave C to start very soon, if not now!
BTC correction happening right nowDear Crypto friends,
BTC correction started today afternoon and is going probably to last the whole night.
After reaching the golden pocket (0.78 fib) it will go back to bull run and reach the top of 5th wave at 9500$.
Let see what happens afterwards we are open to all the scenarios.
*this is just my opinion I'm not a professional advisor! Make your choices wisely and manage your risks!