Im still 50% - 50% on the whole crypto and what are we actually building ew wise. Meaning, i am not sure we will have a massive bull run or all of these motive/impulsive waves are just forms of waves C of a last leg of a zig zags or flats. Would be sorry if i didnt long and we actually bottomed , so ETH idea of another 12 is on the table.
Seemingly we landed 12 Median line (blue line of the channel) is to be breached if we want to see wave 3. How about we see some green dillies on crypto.
The only question is ... Do you want to enter now, or you want to buy it at higher prices. Corrective is done IMO... Alts are pumping, only the matter of time when this will pump too. Elliott is there. and he says 5/3/5 corrective is over. 2nd thing we need is impulsive structure to confirm the bottom. Then absolute send for a wave 3. Targets? Too soon <3.
Could this DINO coin show some sign of life. 5 3 5 is there, but are there buyers? Definitly , i can see clean 5 waves twice which is good. Impulsive/motive breakout upwards that is happening right now could signify the bottom. ETFS?
The ugliest flat X i have ever seen. Sometimes i can see plenty different counts for a certain asset. Can everything be counted? No. Is this a propper impulse? Not the one i like Invalidation of the lows is not so far. So RR ratio and stop loss will be good and tight.
After a clean set up of Elliott Wave , bullish divergence has formed. Buy algos triggered. This is a great potential for this Asset to shoot up. Full Send.
If we get a propper 3 wave move retrace i can be certain that something is done correction wise. I dont like giving retracement levels or prices since i am uncertain about a diag being done... will update as the time comes with some SMC as well.
If we are hitting a massive bull run , we need the next move to penetrate the proposed zig zag channel on a previous suggested count. So mind the fact that even if we do have a second sequence of 5 waves, that might hit the top of the channel, that could be just another wave 12 of a bigger wave 3 on a larger degree...
Eyeing 333 pattern or a double zig zag in Elliottwave language. This first drop towards (W) just doesnt seem to be enough for this thing to pump from right here. Reason why i say that is because the current price action from (w) doesnt look like a motive wave. Its more overlapping and corrective. So , waiting for lower low on this one before i touch it.
i am flipping to bullish perspective if we develop the 5th wave. My macro SNP 500 is gravely bearish chart . And my bias was that it will pull Tesla down with it. However, Tesla dropped in what it seems 3 wave move, and now if we make small impulse here, it will change my opinion about shorting the TSLA stocks.
In Elliott Wave Theory, flat corrections are a type of corrective wave pattern observed within financial markets. They occur when the market experiences a temporary pause or retracement against the prevailing trend before resuming its original direction. Flat corrections are labeled as "3-3-5" patterns, which means they consist of three main waves: Wave A, Wave...
Nothing in this current price action leads me to believe that we have bottomed in Mosaic. I would consider another wave X in the making. Triangle or a flat. Triangle is always better because it provides more security in EW counts. Triangles are "before the last moves" corrective patterns , so X2 triangle would be secured bottom incoming since the triangular...
I dont like the eclipsed wave looking impulsive. But this would be the best interpretation of current move on SOL. Leading diagonal should be either 53535 or 3 3 3 3 3 . It cant be a hybrid containing a bit of both. Current pa is corrective and probably will drop after any spike. Smells like flat. Have an alt count. There it is in yellow on the left side Same idea.
This is one of the counts i am currently looking at. Regarding wave X being a Flat where we have C as an expanding diag being rarity, the fibs are working very well. Meaning Wave (C) is 1.75 comparing to wave (A). Heavy rejection wick makes me think another form of zig zag to drop into the green area. Where we would have 1:1 ratio of W to Y on a larger scale.
Simply put, a motive wave is a price movement in the direction of the main trend. In other words, each motive wave is a step forward during a rally. Motive waves always subdivide into five smaller waves according to certain rules. After 5 waves we expect a corrective move . Most of the time that move is a pullback. Then we can expect another serie of 5 moves....
If it gives 3 up and 5 more down, i would long this one. if not, this whole structure from the bottom of june can be counted as a 3 wave move up. Stop loss is the king
I see bear . The retracement is way too high tho... That is my current perspective and i am ready to be wrong. But shorting these areas wouldnt be a bad idea. In ending contracting diagonals , every incoming wave should be smaller then the previous one. Stay tuned, will count this beast...
Elliottwave is somewhat clean. Golden zone (0.65) slightly broken in linear scale. If you like white line, long it. Just know that the red pattern is also possible. Double zig zag into a golden zone. Special dish that EW players like?