BelaK

BelaK

... it's only now coming to a 1:1 if my count is right. Of course I am in disbelief how high this has risen, not going to pretend. I may try some puts at the marked level, gonna reach that I think - nasdaq wants a new ath.

BelaK

Needed to overlay CLSK and MARA as the MARA corrective move down (observed in isolation) suggests a five waves move from the highs. However, the CLSK chart is a pretty clear ABC three wave move. Assuming the two charts correlate on the big picture.

BelaK

This huge grind started off super misleading as the move down was very choppy. The end of this choppy move marks to me a Wave A, which was followed by a converging sideways move Wave B with an upward overshoot. The waterfall move down is an assumed Wave C which should end in and around the 1:1. Volume is peaking for the second time just like on the move up before...

BelaK

The move down from Aug - Oct is iffy, it's come down in five semi-equal legs but I can't see it as a WXYXZ pattern. I am inclined to think that (in this overheated market) this was a three waves down and now we are finishing a three wave running flat as B wave. To finish this larger ABC off, now will come a three-ish month leg down for EOY tax loss harvesting.

BelaK

... the most readable EW pattern. I love this stock, has never let me down, and hopefully this will stay the same. Similarly to CLSK what I just posted a few mins ago, I see another corrective leg down before the big move. Expecting at least 1:1 and even that is a crazy move. Let's go!

BelaK

A few different ways looking at the chart, I see the same conclusion, that after a small rally to catch up with the price action of BTC, CLSK will get one more leg down before the big move up (Wave 3). The current bounce is quite wishy washy and there's also a H&S for the sake of classic TA fans.

BelaK

... to get out of garbage stocks. Note to self not to miss this chance. In retrospect many small cap stocks performed a three wave corrective move from the covid lows - and that is the reason why myself (as many others I suppose) got stuck bagholding shit stocks for years, expecting a five wave move up. But the 4-5 wave never came and instead a 3 year grind has...

BelaK

No idea what fundamental would fly cannabis to previous highs, but I can see one technical scenario where that happens. May be worth adding end of December / early January. I am expecting a bit more correction on lower timeframe but not a new low.

BelaK

Based on a bullish scenario, but not being overly optimistic, I am expecting a 1:1 from ETH to take us to 30k. That's 15x from here. What will be the catalyst - I don't know.

BelaK

Will ETC follow the channel? Is it an ABCDE triangle? Hoping for this to obey and take us to $800. yes I would sell on an 80x, us alt hodlers deserve it after three years of waiting!

BelaK

50x in 5 months and over three years this crumbling - but it'll be over hopefully soon :) Expecting more weakness into the end of the year but then hoping for the next 50x up... bag holders (like me) deserve it eventually ;)

BelaK

This index could not demonstrate any strength while the major ones almost fully recovered. I'll admit I got stuck in quite a few small cap positions and they don't seem to face a great coming half a year. After that I am expecting a huge rally.

BelaK Updated 

Need to see if the recent high can be exceeded to invalidate a close to 1:1 proportion move up from the lows. I am wary of a bad half a year coming.

BelaK

I have been swinging between a mid term bearish and bullish scenario for the market as a whole and that makes trading for me very hard on the longer timeframes. This chart is showing a bull case for BTC where the low is assumed to be in. From a Wave analysis point of view, I can nicely fit a leading diagonal pattern, however I do not like leading diagonals, as...

BelaK

I think the rallies of 2023 was a B wave correction before a new low coming - end of May as it seems to me and will last for another year. Around June 2024 will be the low and the start of some epic moves to the upside. I have been trying to convince myself that the low is in but the more charts I look the less I believe so.

BelaK

I can't ignore how flat the price action has been for a year. The range move appears to be a bear flag (or a B wave) which would be a continuation pattern to the downside. Target price from this is around 1 USD. I am hodling with a great extent of apathy.

BelaK

The abandoned child is standing strong and I like the pattern a lot.

BelaK

Can't help to see a five waves up in Tesla. Top of the five waves would stop at overhead resistance, then a 61.8% retracement bigger degree W2 would create the handle of a cup-and-handle pattern (for the sake of traditional TA)...