heywippa

heywippa

My TA1 Wave 3 got invalidated with recent price action, I revised my elliot wave theory with 3 options above what do you think it is? TA 1: Invalidated Impulse Wave Initially, Wave 1 was completed with a high of $2.9043, retraced into Wave 2, and confirmed the beginning of Wave 3 when the price exceeded the high of Wave 1. However, Wave 3 retraced into the...

heywippa

My analysis was doing well until the price failed to reach a new all-time high, rejecting at $0.4247, breaking through my diagonal support, and invalidating my prior technical analysis (TA). What Happened After adjusting my charts according to the new price action, I now see that the Wave 2 correction started as an A-B-C correction but transitioned into a...

heywippa Updated 

I had the day off yesterday and missed the downward movement, which, in hindsight, was fairly predictable. There was a noticeable bearish CVD (Cumulative Volume Delta) divergence forming as early as yesterday morning, signaling a potential correction. Despite that, it wasn’t anything too serious. As you can see, price broke out of the diagonal resistance and has...

heywippa

Bitcoin is currently at a critical juncture, facing channel resistance and hidden bearish divergence on the On-Balance Volume (OBV) indicator. For this bearish signal to be invalidated, the price must break above $102,727. However, buyers have not shown strong support at the current levels, which is essential for a breakout. Without a decisive push from buyers,...

heywippa

The Wave 2 correction for Gala began on December 5th and initially appeared to be a straightforward Zig-Zag pattern. However, it evolved into a more complex WXYXZ correction, making navigation challenging. The correction concluded with a bottom at $0.03034 on Monday, December 13th. While I initially anticipated a larger retracement for Wave C, the strong price...

heywippa

This analysis of Gala's price action under the lens of Elliott Wave Theory suggests a critical point of potential invalidation in Wave 2, making it a pivotal moment for traders following this method. Here’s a breakdown and insights from the provided analysis: Key Points from the Analysis: Wave C in Progress: Wave C is part of a corrective A-B-C structure...

heywippa

The cryptocurrency market is at a pivotal moment, with its future direction heavily dependent on Bitcoin’s immediate price action. Whether the market undergoes a further correction or breaks out into bullish territory will determine if Gala continues its current corrective phase or begins a new upward trajectory. Wave C Correction in Play For Gala, Wave B has...

heywippa Updated 

This analysis is subject to pricing holding support at $0.03441. Wave A Analysis I believe we have completed Wave A of an A-B-C corrective structure, with us hitting 2 price targets in my previous idea. Wave A consists of 5 impulsive waves, as mapped out above, and has landed in a key reversal zone — specifically between the 0.618 and 0.65 Fibonacci levels....

heywippa Updated 

What a beautiful correction this has been! Since December 8th, I’ve been closely tracking and capitalizing on this move, and for the most part, my predictions have played out as anticipated. If you’ve been following along, I hope you’ve enjoyed the charting and analysis. Currently, the Z wave is unfolding as hoped. This is an ABC correction, and I’m leaning...

heywippa Updated 

When analyzing cryptocurrency markets, maintaining a neutral and impartial perspective is crucial. Having an optimistic bias will have you fumbling all the red flags and focusing only on information that supports your hopes and dreams. Currently, two main theories are shaping the discussion around Bitcoin's price action: Wave 4 has been completed, and we...

heywippa Updated 

To be fair, this could go either way. But we may have just put in Wave X its a bit early to tell, but I think we might see a move down into the Z wave pattern. I’ve been talking about a potential Bitcoin drop for a little while, its always been in the back of my mind. Anyways, the momentum indicators have aligned that could suggest that we might get that drop. On...

heywippa

Recent Price Action: Gala rejected off resistance at $0.0447, as expected. The price is now looking to back-test the top of the channel at $0.04010. Lets watch to see if we find support at the top of the channel. Short-Term Target: If the channel holds as support, we could see a price target of $0.04782, completing the X wave within the WXYXZ...

heywippa

Before diving into Gala's current movement, it’s crucial to establish this foundational point: Wave 3 is only confirmed when the price breaks the high of Wave 1, which is $0.06667. Until that milestone is reached, any analysis remains speculative. Previous Analysis Recap In an earlier idea, we tracked a WXY correction with the Y wave targeting $0.02761 (0.786...

heywippa

We are at a pivotal moment. After reviewing my charts, I want to revisit my previous analysis where I illustrated that Gala is currently in a WXY correction, with the Y wave unfolding. Initially, I expected the Y wave to develop as a Zig-Zag correction, but as time has passed, it appears more like a descending triangle. Whilst a descending triangle is considered...

heywippa Updated 

WXY Correction: Left chart confirms we're still in the WXY corrective structure. Right chart shows price movement in a channel without WXY lines. Channel Dynamics: Price is oscillating in a channel, rejecting from the middle. Key Support: 0.0342, repeatedly tested and holding for now. Bearish Confirmation: A close below 0.0342, followed by a...

heywippa

On December 23rd, I shared my observation that Gala was still undergoing a correction. I proposed it might be following a WXY corrective pattern rather than a straightforward ABC correction ( see idea here ). The key distinction is that an ABC correction is a single structure, while a WXY correction consists of multiple corrective structures linked by an X wave,...

heywippa

When it comes to trading, my priority is always to protect my capital. If I have doubts, I don’t hesitate to step out of the market. As anyone in crypto knows, this space is notorious for wiping out gains quickly, and my focus is on preserving mine. That said, today’s price action gave me the confirmation I needed to re-enter Gala and turn bullish on the altcoin...

heywippa

I’ve recently been cautious about entering the market due to concerns that Bitcoin’s bearish outlook might drag altcoins down further. My worry was that there could be more downside for alts. However, today’s price action has provided some much-needed clarity—and it’s looking positive. I shared an idea about Bitcoin dominance bouncing off the 0.618 Fibonacci...