jlantrip

jlantrip

After a nice pullback im thinking we may have the higher low set, certainly possible we make a larger correction but I added on that higher low expecting the follow through at some point. Watching the rising wedge for potential exit signs and a larger potential top 3rd wave top.

jlantrip

I am still looking at the MJ sector as a whole needing to see more upside soon. Right now I think we could still be just establishing a 3rd wave, and I could see it continuing up from here. However if we continue to break down and need to make another 12 or another count becomes clear we have a nice support zone sitting on the breakout.

jlantrip

Nice ABC or WXY correction to the golden zone, giving us a golden corner pocket, first target at 5200 satoshi, current US value would be around 1$ which also makes sense, but if BTC is also rising in value perhaps that puts the USD around $1.25 or so which is also a key area on the USD chart. Nice shenanigans with the Spark drop but we seem likely to set a low...

jlantrip Updated 

I think we have a finished correction here, get ready for some big moves across all markets.

jlantrip

No need to say anything here, the structure will play out, looking to enter on first 5 min OS then first 15 min OS and first 1 hr OS

jlantrip Updated 

I haven't seen this count around so I thought I would post it, and currently it is my primary, we need the next large correction to show itself and give us a better sense, but I think currently it looks good this way. Breaking the ATH and fomoing a bit before coming back to retest the break makes sense. The correction that makes this count possible is the running...

jlantrip

Got this as a 1 wave of the 3rd on the larger degree. It is a pleasure to be alive at the end of the dollar and if we play this right one can truly make life changing gains here. Stay safe, stay smart out there. Be patient if you're looking for entries, there are always corrections.

jlantrip Updated 

The correction is taking shape here and I believe we are close to finishing the 3 wave down if not already. My current count on small time frame is looking for one more lower low into 4 hour divergence on RSI. Then we start the larger 4 wave before making a final low running into the .618 and the long term trend line of this new bull market.

jlantrip Updated 

I am favoring this count at the moment which has the best measurment ratios I have found so far. Makes sense to pause at the .5 and also to reach for the .618. Plenty of alternatives with this structure however any good entry here(any major swing .5 or .618 retrace) with confluence on the clear trend lines are no brainers. Let the FED pump it all and be ready for...

jlantrip Updated 

Here is my best guess at what is shaping up here, it matches well with expectations of resistance above which I have outlined with fib retracements from the last two major swing highs and algo pivots. A nice channel is forming which is shown as well. Keep an eye on these levels and look for a good .5 retrace from a nearby pivot that matches up with the lower...

jlantrip Updated 

There are certainly plenty of valid bearish and more bullish short term alternatives, but this is my current primary count. Looks like lots of 3 waves so its either a leading diagonal or a bearish WXY and we see a lower low or there is an even bigger bull count of 12 12 12, but that seems least probable. If this is a leading diagonal it seems we are at least...

jlantrip

As the structure plays out here we will best see the potential final targets but 11k to 12k definitely seems possible here. I would at least expect heavy divergence to build near the top and we are just on the first RSI push here, we are nearing a short term correction stage but any 3 wave correction is to be bought. Seems likely we run into the election as the...

jlantrip

Pretty obvious 1 year algo trade to the tick. Looks like bottom to me.

jlantrip Updated 

Silver hitting resistance here at the low volume node/.618 retrace and 1.618 extension of wave 1. Looking for a 4 wave retrace here, will buy the 3 wave correction and stop under the low. If we end up going deeper its possible this is more bullish as a 12 12, but we can let the action show us that. Its been a while since I have posted ill try to get some more...

jlantrip

Volume is significant across the board in crypto, ideal consolidation here would be a flag as noted, the weekly cloud provides a nice outline to hold, and the log pitchfork seems significant. Could take a few weeks to consolidate here and the shape should be clear, 4 waves are difficult to trade so its smart to wait and let it show itself, and building some energy...

jlantrip

SP and the overall markets(including the chinese, post the massive capital injection) have hit stiff resistance here. If we make our lower high here we have 3 possible counts that make sense after what appears to be an impulse off the low. I am counting the first part of the correction as a WXY, which could complete a 4 wave correction on the larger time frame...

jlantrip Updated 

People often assume that when you present a count as a primary count that you are making a prediction for the price, this is not the case you are simply presenting your highest probability scenario and the key to trading these scenarios is confirmation at the pivots. A trading plan comes into play following your technical analysis, you dont enter based on the...

jlantrip

Facebook looks like a clean 5 waves down and clearly impulsive off that low. It makes sense to look for a large ABC to come off that. When we top this move which will likely coincide with the broader market top, we are looking for 3 waves down and another impulse up to finish the correction.