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
Heads up, if it gives the little (5), i would advise buying a pullback. Little 4 of an ending diag got destroyed. Its one of the signals that the reversal is happening, lets wait for more -Motive wave -Full retracement to the beggining of a diag.
The lower we go, the smaller chance to be wrong and better R:R ratio... But who wants to long this any more at these levels... T_T... Waiting for a motive wave.
Cant see a nice developement of a C leg... Projecting a potential. Even tho Leading diag in A and Ending diag in C of a zig zag is rare. green bananas still. Maybe not ready to be taken yet.
Not liking the last leg, so waiting for a confirmation. Things are cooking slowly... This could be a nice long.
Altho sneaky and hard to see, with alts bleeding and strugling not to invalidate potential impulses, btc could be forming an expanded flat as a wave 2 with C beind an ending diagonal. Just when majority is starting to be bearish, the monster could go up. Ending contracting diagonals are formed of zig zags. Wave 1 is bigger than 3 is bigger than 5. 2 has to be...
For the moment second wave (B) of a potential wave Y is disproportional comparing to the first (B) so we might get the red movement. For the moment, i am bearish.
This looks like a lay up . Clean invalidation points if this is an Ending diagonal pattern. Want to see a motive wave and break of top trend line of the diag. Then potential full send
Hopefully this dies ... And doesnt wake up ever again. Or someone can call another pandemic and then vaccines are about to be taken again right? say 2025?
Yellow full bull and wave 3 of 3 incoming. Red count would represent lower lows. For the moment, we are waiting for the clean ew structure
Normally it is hard to write a meaningfull message when everything that was in my mind about the current btc move is represented with Elliott wave and RED and Yellow Pattern. Alts seem to be bottoming, but for some reason i could see BTC visiting lower prices as well.
From what it seems, AI made a 3 wave move before dropping impulsively. That drop doesnt look corrective so i expect following potential outcomes. Leaning more to deeper correction. (Red pattern) Flat corrections require 3/3 /5 patterns It looks like A (Flat) B (Zig zag) C (Impulse) (for the moment its only 1 of 5 waves. My longs are safe with stop loss in...
Completing an impulse i am expecting a retrace on EUR before EUR grows stronger. This drop could be a wave A of a zig zag. Also it can be a wave C of a flat. Count not present on a chart. Will follow and update the idea. Stay tuned.
There is still a possibility that this prints out a flat corrective pattern. Would go well with previous idea i stated a week ago.
Definitly gives a Flat vibe when it comes to Elliott wave pattern. The impulse in a leg C is not the cleanest thing in the world. Maybe one more leg down, then it would make more sense. And pattern would look healthier. Stops arent yet triggered. Not enough pain in my opinion. Decent area to spot this asset. Save some more money in case this dives deeper.
Tesla impulsive of the lows. Leaning towards yellow count. Buy the retrace. this should go external.
Potential 12 12 pattern on AAVE. That would be the yellow story. Red story is alternate pain/lower prices