UnknownUnicorn10209036

UnknownUnicorn10209036 Updated 

Looks like Crypto is rolling over. Surprised ? A few could predict the move but a very few who could have capitalised on their predictions. Looks like a Zigzag to me i already had a similar idea before. i know its against the trend but its out of my playbook. Strong Case Points- Centerline Reversal S line making sense. MACD lines are not spread apart....

UnknownUnicorn10209036 Updated 

Intermediate 1 complete at ATH with wave 4 being an unlikely Zigzag. Now in the process of making a Zigzag as a intermediate wave 2. A complete as an 12345 impulse. B completed abc in 3 corrective waves contained within the channel reversal at centreline as start of Intermediate wave C. In a zigzag wave C either an ending diagonal or an impulse. This looks...

UnknownUnicorn10209036 Updated 

Larger picture first. As you can see its a logarithmic chart but fibbs are on a regular scale. Because that's how its supposed to be what I have learnt and most notable CMT traders and even RN Elliot himself pointed that very clearly. So we have completed primary wave 1 and now primary 2 which is a corrective wave is in progress. For primary 2 a typical .618...

UnknownUnicorn10209036 Updated 

I would like to entertain the idea from a technical perspective that Bitcoin already ended its Bull run at Recent top on 10 November 2021 at 68958. And now we are in a Bear Market that could last at least 2 years and even longer. I will use classical technical indicators and Elliot Wave Theory to provide evidence. First of all i would like to talk about chart...

UnknownUnicorn10209036

Cyclic wave completed at top. Now we are in a long correction. I could clearly label it as an Impulse. A 5 wave impulse is always a part of a larger trend. It forms in a Zigzag as an A or C, in a flat as a C. At this moment I am comfortable calling it an A in a Zigzag. After completion of Minor A we are now forming a B wave. B wave is when average traders think we...

UnknownUnicorn10209036

So we have ended the B wave or Primary 5 as an Ending Diagonal with a Truncated 5th. Now a leading diagonal in progress. Which is always a start of a larger trend. Downside to continue with pullbacks as normal.

UnknownUnicorn10209036

A running Triangle. Market takes Direction of B wave to complete the pattern. ABC zigzag. Risk Management in Place. Will take profits along the way if turns out that way. Can someone give me a bearish count ?

UnknownUnicorn10209036 Updated 

Intermediate 123 is almost complete with 5th of the 3rd crazy big wave. Aiming for 40% drop from 7.70 range. Will look for a long entry for wave 5 of higher degree.

UnknownUnicorn10209036 Updated 

Intermediate 1 2 complete Intermediate 3 has just kissed the top line of the Termination Channel ( 243 of minor 5 of Intermediate 3) Reversal is expected. Grey channel - Base Channel Green channel - Acceleration Channel Red Channel - Acceleration Channel

UnknownUnicorn10209036 Updated 

Minor wave 1 complete heading for correction as intermediate 2 Re - Entry zone Triangle area or Fibbs .50 or ..618 (Green Rectangle) Waiting for BBand Contraction Correction Should last at least 18 days

UnknownUnicorn10209036

Bitcoin is setting up an ultimate Trap If you have come across this article, i will suggest that you pour yourself a favourite drink and put your favourite tunes on. Because you should take your time to fully understand what I am trying to say here. If you are just going to scan it quickly it's not worth it as you will be digging yourself a whole. And I will...

UnknownUnicorn10209036 Updated 

Just trying to make sense of recent BTC price action from Elliot wave Perspective and come up with a bias on short term basis. A Minute wave Completed and now a Combination Correction is in progress. wave 4 unlikely goes out of the channel so am comfortably calling it an ABC correction as triangle form just before the final leg up in wave 4 or wave c. Subwave...

UnknownUnicorn10209036

Explanations Given in the pictures.

UnknownUnicorn10209036

This is purely a Technical Analysis. All My favourite moving averages are close to the price. There has been a nice coiling of moving averages which leads to a breakout. From Elliot Wave perspective it looks like a wave 4 appearing as a triangle. Expecting a Parabolic move as a wave 5. There is a possibility of truncation so keeping my take profit to minimum....

UnknownUnicorn10209036

This is purely a Technical view based on Elliot Wave theory. According to the count it a very good shorting opportunity on ADA. We are in a long ABC Zigzag where wave A has appeared as a leading diagonal. An we are in a B wave. B should have a 3 subwave count or it can appear as a triangle in a zigzag. So after A as diagonal its impossible to count this recent leg...

UnknownUnicorn10209036 Updated 

From Elliot wave perspective it looks like a zigzag is in process. A can be counted at leading diagonal. Leading diagonal occurs in A of a Zigzag. This time wave 3 in this diagonal was a little bit bigger which usually results in wave 5 being the biggest. B is forming. It could be in 3 waves as ABC or a triangle. 3 waves not visible on weekly line chart based on...

UnknownUnicorn10209036

In a regular flat. Long for C wave

UnknownUnicorn10209036

Looking at the daily chart its usually easy to see the subwave count of wave 3 only. Below are the characteristics of the structure - Wave 1 was a leading diagonal Wave 2 retraced .50 on fibbs was a triangle wave 3 wicked 1.618 of wave 1 Wave 4, i can make it a running flat Wave 5 was even shorter than wave one and was ending diagonal The correction after...