DataMaestro

DataMaestro

These analysis are best viewed on a desktop Browser - I'm not sure why they're distorted on mobile. Nevertheless, in recent months I've posted three analyses, ADA, XRP, and BTC. These haven't gotten much fanfare (because they don't provide you confirmation bias that 'we are going to the moon') My wave counts are unfolding as expected with absolutely valid and...

DataMaestro

My apologies for the cluttered chart, but many of the levels are critical in coming weeks. Referencing my recent Bitcoin analysis with valid wave counts potentially taking price down to the $27k-$30k area, I want to provide a possible bullish scenario as well. Should Bitcoin's overall uptrend continue, negating my wave count and breaking through the...

DataMaestro

I’m definitely not going to get much fanfare posting something like this, but the ADA price action on the Daily chart is absolutely NOT bullish. The Elliott Wave counts across many of the major cryptos are looking more and more gloomy for the weeks ahead. ADA appears to be finishing up a ‘b’ wave triangle whose measurements have it breaking down around...

DataMaestro

There is a solid wave count that can take Bitcoin back down from the ~60,600 to the ~30,000 area. If we are in a B wave of an ABC correction on the 1D chart, we can expect a 5-wave sequence down to the $30,000 area or even lower to the $27,000 area; from the current price; unless we go a bit higher around the $63,800 to the ~$65,000 range. If my count is...

DataMaestro

I’m not daring someone to prove me wrong, I’m asking for someone to please do so. Note the wave degree labels I’ve chosen are not applied with their formal degree (Cycle, Super Cycle, etc) in mind. We all know how perfectly the top ~50-100 cryptos reflect and demonstrate market psychology. Without question, any crypto in the top 10 has enough daily volume...

DataMaestro

No one will read this which is a shame as the Super Cycle wave relationships are as close to perfect as possible; meeting all of the Elliott Wave Theory standard fib relationship criteria. Everyone is calling a top soon, but I don't think they fully understand the length of correction we're likely entering. After today's price action, super cycle wave 5 is...

DataMaestro

If you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to spare you...

DataMaestro

If you zoom out on the Nasdaq using a 13D chart, you'll see a clear 5 wave sequence having recently completed. This argument is bolstered by both wave 3 and wave 5 which are 1.618 extensions of wave 1. Wave 3 and Wave 5 are both identical in length. Using this Wave count you'll also see a myriad of confluent fib levels, extensions, etc; but I'm trying to...

DataMaestro Updated 

I understand this chart looks cluttered as it's just my own personal analysis that's usually not shared. Since I sold two hours before the weekend price drop and bought back in around $1.25, I figure someone else might make/save some money on this. Using the fixed range volume profile from April 7th to today, I have relevant support and resistance mapped by the...

DataMaestro

My previous posting still stands, but I've 'zoomed' in to the 4hr chart to provide you more detail. This is most likely the end of a 'c' of 'b' of 2 . I'm telling you, there is WAYYYY too much bullish sentiment right now. Everyone thinks we are mooning which means a drop is incoming. Note the beautifully formed triangle in wave 'b.' if we were going...

DataMaestro

This is an update to my previous post regarding a leg down in BTC . I've refined my wave count to the most probable scenario beingBTCUSD to $9,100 which will wrap up this 2nd Wave. If nearly-symmetrical to wave 'a', we should see a 'c' wave from current prices down to roughly $9,100. There is just WAY too much bullishness in the news right now. Way too...

DataMaestro

I don't have a lot of time to post the details, but if you know Elliott Wave, you know that the final wave of a triangle often overthrows the trend line then reverses quickly. You may also know that there are no triangles in a 2nd wave, unless it's in a 'b' or other combination. I see this as an a-b-c now with the b wave having completed and signaling a final...