Western Texas Intermediate intermediate showing possible inverse head and shoulders. Target $70-$80.
I was asked what my bigger picture view is of ETHUSD. I think it is pretty apparent we finished a 5 wave impulse back in December based off the wave 4 triangle we came out of following the $420 high. Rule of thumb in Elliott Wave theory is that bear markets are generally bound by wave 4 of one smaller degree, so in this case ~$132, which lines up with my current...
Wanted to get my macro count onto a chart for tracking purposes. See the related link for the other thread started months ago. I've been targeting $4700 for months now due to HEAVY confluence. The price action over the past several weeks further confirms this confluence. A strict A=C from the most recent drops targets $4800. I think as low as $3500 is possible,...
Elaborating on my post from yesterday, I wanted to take a closer look at some targets based on fib levels. I believe this is the final push down as an ending diagonal (falling wedge) for wave C or Y of either an ABC or WXY. I mentioned in past posts, I have been eyeing the $4700 level for months now based on macro confluence around those levels. Now that we have...
I believe ETH completed a smaller triangle yesterday that composed wave b of a three wave move making up wave (d) of a larger triangle that has been building out over the past weeks. I believe we will either see a sharp or shallow wave (e) following one more low. Current buy targets $190-$188. My gut is telling me wave (e) will look to retest $200 and ultimately...
Potential skewed head and shoulders on TTWO. Not the cleanest, but the neckline is pretty. Measured move from the top of the head to the neckline would put the price target around where it gapped up in early August, 2017. PT: $80 SL: $116
Whether we break up or down, I expect a move of about $4.82. High-side target of $30, low-side of $16.
I wanted to post a quick update on my ETHUSD count. I am still tracking it as a larger flat ABC, with us currently being in an ending diagonal for wave c of B. We should expect at least a 90% retrace of wave A, or around $175. We could double bottom around $167 or even make a new low before a secondary rally. I am still targeting $125 after this correction, which...
I have been tracking a potential triangle forming on BTCUSD over the past few days. Last night's dip and support on the (a)-(c) trendline is confirming my thoughts on this. Triangles are common patterns to see before the final move of one larger degree in Elliott Wave Theory. The thought here is that we have yet to complete an ABC zigzag up, and are currently...
Copy Pasta of my BTCUSD Update: I have been tracking a potential triangle forming on ETHUSD over the past few days. Last night's dip and support on the (a)-(c) trend-line is confirming my thoughts on this. Triangles are common patterns to see before the final move of one larger degree in Elliott Wave Theory. The thought here is that we have yet to complete an ABC...
Just wanted to point out a pattern I am watching to complete. APA is currently approaching the neckline of an inverse head and shoulders on increasing volume. Watch for a break above $50 on big volume.
I posted a chart about a month ago in my Discord and it's panning out very nicely. Given recent movement I am very confident in this call. We could go as low as the 123.3%-161.8% in this ABC expanded flat, however my primary buy target is $46.75. *THIS IS NOT FINANCIAL ADIVCE*
Not going to get into too much detail here. I covered these targets in the 2hr update, but I wanted to post this for tracking purposes and to show the sub-wave count for this leading diagonal. We should expect to head towards $7620 here, this is the 0.618 fib extension of wave (3). However diagonals have a tendency, especially in BTC, to overthrow on wave 5 so...
A follow up to my last post. Here we are looking at the breakdown of wave (b) of wave circle iii. This ABC is a zigzag given the 5-wave substructure of wave (a). I will get into the nitty gritty of this micro-wedge in my next post, but it looks to me like wave a of (b) is a leading diagonal. Again, this count invalidates if price moves above the previous high of...
I wanted to start tracking my primary BTCUSD wave count. This post will be for the larger time-frame count and will follow up with two more zoomed in counts, and potentially some alternates. I will try and keep this thread as the primary one for tracking purposes and update as this unfold, or until it invalidates. I currently see us being in an ending diagonal,...
Showing my sub-wave count for the previous post of the possible wave 5.
Posting to wrap everything up, mostly for tracking purposes. This is currently my primary count for BTC. I expect we are finishing (finished?) up wave 5 right now, and should be getting into our wave B. $8300-$7800 for wave B, $5500-$4700 for wave C.