


Noxzilla
Do gaps work the same way in the stock market as they do crypto? I have traded normal stocks in years. This chart was well explained. Enjoy.
There is plenty of context to understand what is happens. If we break UP out of the descending triangle, we need to see a higher high than 8500 to become actually bullish, we could potentially go stagnant in between for months . . . If we break DOWN out of the descending triangle this is what I am watching; Bitcoin @ low 4k = 75 mil m.cap Bitcoin @ 3k = 50 mil...
Results yielded Elliot Wave. Boxes are VERY precise based off history, the channels + Fibonacci extension levels + Fibonacci Retracement levels. ^ All zoned in these boxes. The darker shades give you a nice idea of targets and zones you'd expect the price action to move in and around. These studies intrigue me, make me curious, make me want to dig deeper. I...
Every trend, every line, every extension, every retracement. Has a purpose. The Fibonacci sequence is magnificent. I used the Elliott Wave trend lines to help portray R/S better. Notice when the fib retracements end, there is a vertical line. I BELIEVE these will be used as pivot points in the price. The darker the channel the stronger the channel. The...
No context. Notice trend lines. Notice channels from history in reference to the Elliott Wave target's (3 & 5).
Yes . . . another one! This time I used; Fib time zone Fib retracement Fib extension Elliot wave 12345 Mega wave! Wave 2, is valid so long as it does not cross below the beginning of the first wave. Wave 4, cannot pass below Wave 1's R/R level. All of this, pending those two rules. OR. We will be looking for a new Wave 1. Possibly around the 4700-4900 level or...
Descriptive Elliot Wave Theory; The "RED" zones, are danger zones. Likely take profits, or averaging in/out of a position before entering danger zones is ideal. ALL of this pending that the 6150 holds during this wave two. OR. Wave 1. Also, I am not egotistical enough to consider the fact, that we are still going sideways, and we do not have our "impulse" wave...
I am using Elliot Waves for the first time, after spending a two day study to get a MINOR understanding of how they work. From what I have learned, I now feel comfortable enough to put up a chart. To show you my thought's. I will post a 1 hour and 4 hour perspective, so you can understand where and how I achieved the levels I found!
I am using Elliot Waves for the first time, after spending a two day study to get a MINOR understanding of how they work. From what I have learned, I now feel comfortable enough to put up a chart. To show you my thought's. I will post a 1 hour and 4 hour perspective, so you can understand where and how I achieved the levels I found!