


PK_SEND_IT
EssentialYellow count would represent a larger flat and full market shakeout. However, the initial drop from 49k can be regarded both Motive or corrective. Hence why we have such a strong upwards move. This is why i added a sideways combo potential . Significance in sideways combination guideline wise is that the retracement of the initial actionary wave W should be at...
Every 5 followed by a 3 means many things in Elliott wave theory. For instance, could this thing freaking go already? You have everything you need in order to rocket... What is stopping you? 5 Waves cant be cleaner than they are?
Smaller time frame outlooks . Chop monster is chopping . Potentialy we might develop yellow 3 4 and 5 before investigating lower lows. Clear invalidation of current impulse is under (B) level. suggesting a larger Flat 335
Every zig zag is consisted of a 535 move. Motive/corrective/motive. This would be one of the patterns btc takes on it's road to commence the second sequence of 5 waves up. Currently it seems to me that B flat is printing. Green area if deeper retracement.
#RUNE This could be something. Even tho the last leg of that suggested diag doesnt play ball. #Elliottwave Suggest at least an incoming wave (c) suggested in red. Wave V? Are you up there?
#RUNE This could be something. Even tho the last leg of that suggested diag doesnt play ball. #Elliottwave Suggest at least an incoming wave (c) suggested in red. Wave V? Are you up there?
This count is somewhat different than the first idea i posted since i have tracked RIVN from that May impulsive structure. The green area could also be backtested in case we are having a flat in the last leg of current price action. If this was the bottom, first target for the wave (III ) would be 40 $
This is PK... i'm curently looking at a potential and most likely double zig zag incoming as a developing Elliott wave pattern . Double zig zag W X Y (circled micro count) Less possible imo would be green. And even less the fact that we completed a correction and we continue with the wave 3.
Impulsive wave can develope in different manners. Here is how i see it currently. At least i can separate it in two different potential patterns. This wave can either complete the wave C of a larger zig zag, or this is only the wave 1 of the macro wave 3 that will lead us to over 100 000 per BTC. Send it
Sharp zig zags are commont in waves 2. Most of waves 2 are deep because of the trend changing and retesting the actual lows. Ofc , if we are corrective.
Extended 5ths are rare. Most common support after an extention in the 5th wave is the terminus of a wave 2 of the extended wave. Triangle can play the same role of that support. 2 counts presented. Choose yours... Clean area of stops under the current levels. Trigger those? Trap bears
AFter some wickof distribution, Link started forming something significant where we can track things more easily. Projected some areas where wave 4 could land. Lovely and clean count. Everything an Elliotitian wants. Wave 4 could take some time now...
Every 3 wave pull back can be a potential bottom and a wave 2 in the EW perspective. Eyeing circled wave 4 for a significant support. If not, lower lows at the circled yellow 2. I personally hold this one and not intending to sell. This count wasnt easy to distinguish and i also think that crypto needs to retest some lower lows a bit. (BTC related)
Besides the fact that we could be making a series of waves 12 on xrp, there is a perspective of a larger triangle presented on this chart. 3rd perspective is gravely bearish and would take us to much lower prices.
Adding red count in case we are hitting a flat count which implies 335 structure. Hence why the first downward move is labeled as a zig zag. So overall count wouldnt be a 535 zig zag pattern. Current PA of the latest lows (yesterdays) for the moment looks impulsive. This is why i entertain the green labeled idea that we might have a 3 wave pullback before we...
According to EW theory , there is supposed to be 5 waves in an impulsive or motive swing. Count is somewhat clean, and i do expect another wave to come and form the wave 5. Stop loss under the wave C area. After the 5th wave, i am expecting at least 2 months of correction in crypto alt space.
IF retrace is given, take it. Might wanna stop buy this one We had a sharp wave 2 , will we see a sideways triang or flat? After the completion of (5) we might look for a short oportunity. Send it. If its clean
Absolute beast of a ripper on RUNE. Putting a possibility of attacking that 3.618 algo. Bear in mind that we might have not yet completed that wave 3. Honestly i woulndt play with fire and long this one now. Great chances that we take some time to form wave 4 right now as well just like on LINK.