UnknownUnicorn910751
Looking at what Solana has done it is POSSIBLE there is a bottom, which is what this wave count would label and also the breakout of the descending channel would help confirm. I am still wary of the bull trap and falling back down into a deeper hole.. Stay tuned....
Please do not buy Ethereum when this fake rally takes place. Once ETH reaches its resistance point again along with the descending channel we will see this coin below $900...
As we continue to follow Solana we can see that is HAS broken the descending triangle and working its way towards the BLUE THUMB which I have placed where Solana should retest and once fall again.. If we are to break through this descending channel to the upside my analysis will change...
As Ethereum continues its decline inside this descending triangle we have now touched a major line I have drawn in this channel... If this does not hold you will see the local G-Wagon at your dealership going at about a 40% discount...
Ahhhhh we have yawns now looking at the SPY as it just moves sideways as this 4th wave continues... Patience will win while this 4th wave continues...
And there it is the dead cat bounce we were looking for. We should see a strong rejection or maybe even a bull trap at this resistance zone coming up. If I were you I would wait for confirmation to see if we break above (odds are not favorable). The way to win in these markets is patience....
When this rally happens do not buy in... this would be if any a time to short because that will be your last time shorting this crypto as long-term targets surpass $300+
We have now broken through support and Wave 5 is now full in force... If you look at my other post about SOL with the wave counts listed on a more MACRO scale. Wow it is about to get real bloody real quick... See yall at $9...
Looking at the lines I have put in place COIN has touched this support 5 times... we have now broken that and look for a big rejection to happen. You can see crypto still bleeding so look for COIN to follow...
ETH looks like it is holding on for dear life if we break below this channel. I believe if we are to fall through this channel then it will be a quick, bloody crash... Get ready because we have on our hands a double bottom or more pain ahead...
I am a big believer in crypto alone, but Elliott Waves do not care how much u believe or not... the cycles must be complete and we are still headed lower in the macro view on a Wave 5. This channel needs to be broken and a rally up for me to consider buying into this falling knife. It is possible we see rallies but I believe they will be short lived until we get...
AAVE is showing the end a Wave 2 and the start of a strong Wave 3 rally. Time will tell to see if this is just another B-wave fool's rally.
From my last post, we have now broken above the .236 level and have continued to hold the .382 level to make the wave 4 valid and now looking for a wave 5 rally to $411+. If you are confused by the red lines those are support lines I have added in longer time frames or during the trading day. You can see we did not break the red lines also for even more...
Again as this is a 4th-wave we will see plenty of swings.. that is why I did not trade until I saw a "bottom was in" for this wave. Looking at the pre-market we are sitting above $397 and showing strength towards our first level of $411. Some may be wandering what those red lines are for... those are my support lines I draw on a bigger time frame along with fib...
Ahhhh the good ole 4th-wave everyone loves. Many were calling for a push down and grabbing puts.. congrats to those that sold in the morning... but for many retail traders they think that initial push down for the day will last... then they are now in the loss. Everything is still in play with these fib levels, I like the bounce we have put in so far. Lets see if...
Many will be ruined by this micro 4th-wave on the SPY if traders do not play it right. It is VERY possible we rally from this .236 level if this count is labeled right from the macro level 1 and 2 (which is in WHITE). If we are in now a 3 (WHITE) that .236 level could be the end of wave 4. Many are wanting the SPY to keep falling and blood to come, usually when...
As we look at the hour chart of AAVE, I am seeing a little more downside, which hopefully we finish off today and look for a sharp rally above the $70's. I will be keeping an eye on this crypto as it continues its last decline.
Solana has been on a wild ride the past few weeks and with a lot of volatility to come with it. Looking at the chart, I have drawn support lines where I think key levels are based off of 4 hour chart. I will start to close out positions if we see a break below my lowest support line around $13.02. Also I have started to draw extended lines across where I think...