


PK_SEND_IT
EssentialWe are literally sitting at the golden pocket play. Move up looks somewhat more impulsive than the one that just came down. Btc is the boss. If it goes, everything goes. But this is not the time to short, maybe long rather. good luck
Take things with a grain of salt. This would be idealised scenario for NIO to play out. Alt count would be the impulse with a LD 3rd bearish count, that i personally dont believe in, would be that this was a zig zag. and soon we will drop.
Normally i dont like this difference between the timing of the wave 4 and 2. Still, i would repeat this is an alternate count. That would accept a further zig zag developement towards the lower prices.
We tested the green and bounced impulsively. Hoping its not a C of some potential flat. Retrace to long with a stop loss. Expecting higher highs to come. For the moment , things are going according to plan. If no plan, then STOP LOSS!
Current roadmap to V Doesnt have to play out like this. But some sort of a wave 3 ripper is going on. Altho it passed my targets and the trade set up was successfull, i am still in this trade. Long term hold . Wave 1 still not done on a macro
An expanded flat correction is a three-wave pattern in Elliott Wave Theory. It includes a sharp initial move (wave A), followed by a larger retracement (wave B) that extends beyond the starting point of wave A. The pattern ends with another strong move in the direction of the main trend (wave C). Traders use this pattern to identify potential price reversals in...
We need a motive wave to have something constructive and reliable. I would think its only 1 of an ending diagonal if its an ending diagonal. However, it doesnt have to take half of the august for this to find its feet. Its just a represenation of a supposed further developement that should play out all in 3 waves.
Not certain on the shape of the wave B for the moment, but almost certain that the C isnt in yet. And thats the buying opportunity. This could be almost txt book exapmle of an Elliott wave 5 up and clean 3 down retracement for longing. Freaking send it!
Its a complex count . But Flats need to end in 5. meaning Motive wave. In this case ending diagonal. 335 structure. BTC loves flats. Other count would be that we bottomed now and up we go. Doubting in that with this little reaction.
Current corrective patterns. Unclear for the moment for the exact elliott wave pattern. Still, im thinking flat is forming. Just as i called it few weeks ago. The only question is... "How deep is your love". Wanna see Green stuff hold, then SEND IT up
If everything i drew completes , we have a confirmation of a major reversal on Nio. Which is normal, since i called this to happen... Stay tuned for updates on Nio. I still think there are higher levels to come.
I see a pattern. Strong hold is as follows -0.61-0.65 fib retracement -Bottom Diagonal Trendline -0.786 Stop loss under the (4) i dont see it holding if it drops there You have it all for free... Ultimate target 0.9$ Send it.
So apparently even when you make a whole video , you need to type . Everything Elliottwave wise is clear as a day. This correction that started mid 2022 seems to be done to me. So i would expect this asset to go parabolic. Do you want to invest in something that looks good from EW perspective, well its this. Log and Lin would give you different perspectives...
Currently Pfork is holding. Even tho, little red retracement is possible and it is not the end of the world, i would like to keep these levels and not drop further. Dropping out of pfork or under the orange (2) would make my count invalid. And there will be a lot of sadness between the AI world.
Currently i would vote for white pattern to be continued. Lower time frame corrective retracement should be longed with a propper stop loss. There are aditional Macro corrective posibilities when it comes to this asset. Currently i am of the opinion that we are having a Flat wave 2 until proven wrong.
The move downwards looks definitly corrective. The motive (expanding diag ) is not as strong as an impulsive wave. but still it is what we need to make things go higher. stops arent far away. Invalidation of a motive wave is also a a potential stop loss zone . Send it. If everything goes, this can.
In case we are hitting 1/2 1/2 ,this is a megabullish count that i have to post. Huge expanding flat as a wave 2. In case BTC goes berserk upwards... This wont lag. Stay safe. Use Stop losses no matter what
What guidelines say in Elliott wave. Most likely. Rambled about this one in a video for a long time today. This whole move makes me think that we will have another bear market in Crypto. Who will be interested to buy this at (C) levels anyway?