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This could be a triangle set up on xrp. This beast needs to keep on keeping on. Next swing could go even past the 5 $ if the whole crypto space decides to keep running. Depends on the btc big daddy

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Rivian Could actually go finally. Decent reaction of the lows that could be regarded as an impulsive wave after circled 2. This could be a long term hold. Will provide the larger time frame as it goes. PK - Elliott wave

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Flat in my opinion is on the way. Clear indication of where we might find supports. Any completion of an impulse in the lower lows area is a buying opportunity. Targets? Too soon.

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Having an open mind can help understanding the current price action and elliott wave aspects. There is a blue impulsive wave that could indicate a connector wave in a sideways combination pattern or it could be a new impulse and now we could expect any simple corrective pattern to terminate the whole structure that started correcting on 13th of march. Waiting...

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Another leg in the horison for alts. this could be a massive transfer of goods into alts. Seems like 4 in creating. Demand zone is tested once already. Perhaps more time required for this to develop. Current price action of the supposed (A) looks corrective.

PK_SEND_IT Updated 

Target is around 59 k Double zig zag combination usually happens when a first zig zag is not as far and as deep as a healthy correction should be. Trading game, waiting game.

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Wave 5 can be an absolute unexpected beast of an extended move. But if everything goes well even from this point in time, 130k would be a nice spot according to the current chart The show must go on

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Adding a red count in case we drop in an ending diagonal formation. The bottom trend line of a leading diagonal kept the price and bounced off of it. Lower lows are still posible. Xrp needs to push here if we wanna see the yellow (brick road) path.

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Wave 4 might have landed on ethereum as well, if we drop on BTC, eth will probably follow. Suggesting a double zig zag or a flat pattern , depending on this upward move on eth. If we get stuck at current levels of this update, most probably a double zig zag which would be bearish. If you ever longed eth, congradulations, bull market is still a bull market,...

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Local bottom potential on Orai . Hard invalidation under the yellow (5) white C Current pattern looks like a flat with ending diagonal in a wave C. This is typical for a wave 4 to have a sideways corrective pattern. However, nothing blocks this from being a macro wave 2 once again.

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According to the rules leading diagonals 5th wave cant truncate. Doesn't matter if they are contracting or expanding variations. Here are examples where contracting diagonals can truncate. If they are in the 5th of the 5th of an impulse.

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The only way i can decipher this motive wave development to give us a retrace and entry of a lifetime. You do know XRP will melt faces. You cant catch it because its a 3 wave unpredictable monster. Here is our potential chance if the count is good and we arent actually watching a vertical accumulation. *Advanced ElliottWave rules. Leading diagonals can be...

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#BTC Narrowing down the #Elliottwave count Retracement of a B wave of a flat should at least 0.9 of a wave A(0.8 Accepted by some CEWA's) B of a flat can't be a flat(Yes according older book editions. Questionable according to EWI) Green areas=juice no matter the count

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Doesn't smell like a bull just yet. Rarely clean in moves... but this is what i am leaning to right now. Which is a drop to a 56 cents area at least. to form a larger 3 wave move .

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Wave Y in a sideways combo can develop both a triangle and a flat. Nothing says that it cant be a double zig zag (red count) Current outlook W- Zig zag X -Flat #Elliottwave count

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Back to this. Ideally we want another sharp drop after some consolidation and sideways (sideways good for alts). I say ideally because that would bring clearance to an Elliott wave structure. If i repeat myself in future videos, i am sorry, sometimes i forget what i said and where. Long term bull, mid term hopefully bear before that bull strikes again

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And evil bullish white (i)(ii) potential. If white count is correct one, we might see orai above 100 $ at the end of this bull cycle. Current outlook makes more sense in linear scale for yellow pattern to develop. Switching to log scale, 12 /12 makes more sense.

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If we have a reaction at these levels, i will be even more secured about the macro triangle. Waves C in triangles are most likely to develop into a complex structure (multiple zig zags or triangle as a whole wave c)