But its one of the potential counts that i see. If this comes to a fruition, i dont really see xrp holding the bullish lvl. Id rather see current levels holding. uncertain on this impulse i labeled as well. Yep, i found an implsive structure, but i dislike.
I am buying any potential retrace. Wether if it was orange or red count. Have to add that the red count is less likely at this point. Called this a month ago for bottoming . Long term hold boys and girls. Thanks for playing <3
One of few counts that i am looking at currently. If DXY forms a triangle represented with ABCDE structure, then the wave C will be significantly shorter than a supposed wave 3 downwards. Currently i am leaning towards the fact that usd will drop even further.
I am thinking that euro will go up Wether we had a flat B wave or a triang forming , the result should be the increase in EURO value in a form of a motive wave . White count is a loonger term of euro dominating dollar. There are some clean areas of entries and stops when it comes to Longs
I could see a rally or the end of correction on ETH here. Kinda clean 5/3/5 structure.
This could be it for BTC... wave 1 is completed in my opinion. if we are in wave 2 of 3, it could also be done and not nececerily deep in retracement use RR properly. this could be a time to long just as well as alts
Pick ur poison. if this is the wave 3, huge opportunity Red count represents other option Vibe is bullish
Disliking the expanding diag. but i cant see anything else ATM Typicall retracements after diags are 0.786 which sits at suggested wave 4 However every completed Zig zag pattern is a potential end of a correction or a wave 2 Therefore i present to you two most likely roads
0.78 typicall retracement zone after a diag Strong support is also previous 2 wave of an extended 5th wave. Current ble x doesnt look promissing , hence labeled it x. waiting for green
Any corrective looking structure should be longed if we see a slugish move towards the (2)
One of potential counts Less likely imo. Could flush the longs with stop chaser. Stay tuned for more counts
It is still possible that we have set an irregular top that was 3 wavish. With a little bit of manipulation, a huge flat could be labeled as a wave 2. This would annihilate most of the crypto space that is shorting. Less likely count tho.
When something prints out a 5 wave structure. It doesnt have to mean that something is starting. It could mean exactly that, but its 50:50. Its 100% that when you see 5 waves, something has ended, and a new EW pattern commences. If we get 5 waves into X, i could see further drop to lower positions. Potential shorts to be set in between (3) and (5)
This thing is hard to read honestly. Would like to see a potential white (1)-(5) count just to be sure that something is confirmed. (and hoping its not another C of a larger flat) Elliotitians will understand.
Blue (1) impulsive would mean that the corrective is over. White is continuation of correction. If we get a 3 wave structure towards the current high, flat correction is also possible.
Another Elliott wave perspective... Something makes me think, less likely. Should be longed if retracement is corrective.
Elliott wave doesnt help much when i see more than 6 possible outcomes. This is one of them.
Doesnt matter, if its a double zig zag or a simple zig zag with a triangle in between. Was watching this count with my dear coleague GZ68. He spotted the triang. Anyway. what matters is that we see a potential yellow developement which would be any sort of a motive wave