maikisch

maikisch

I recently gave an explanation for b-waves that stated: Sometimes B-waves can be difficult to track as an Elliottition. B-waves, and wave 4's serve a very healthy, potentially complex, but totally rational role, in the advance or decline of price within a market place/security. They represent the competing viewpoints about the direction of a security and it is...

maikisch

Nvidia is working it's way through a b-wave retracement and may get slightly higher before resuming it's downtrend towards $834 with a chance of tagging $753. Best to all, Chris

maikisch

Nvidia has been retracting some of it's monstrous gains lately. To stay below the $946 area brings $813 into view as the next downside target. A sustained break of $946 should deliver a new high...however, this pattern higher looks very corrective. I favor $813 before new highs. Best to all, Chris

maikisch

This wave 4 could take months, and retains the ability to be deep. Nonetheless, the Bitcoin chart is in a very low term bull market. Upon completion of wave 4, wave 5 can exceed $100,000 before primary wave i of cycle wave 3 is complete. Best to all. Chris

maikisch Updated 

Off the Friday reversal (which was stunning over 100 points in range) I can now count 5 waves down in the micro timeframes. Whether this is a wave 1 or just an a-wave, we should get a retrace slightly higher before descending in a wave 3 or c-wave. On any descent, Nvidia needs to hold $770. A breach of $770 brings $647 into view. I am currently Best to all, Chris

maikisch

In my last update on February 15th , I stated... "Bitcoin has developed a very clear upward trajectory that we have tracked all the way from $15,000. We are now in the target box for completion. The one caveat I have with my analysis is it is possible I was too conservative. The MACD indicator should be on negative divergence for completion and it is now...

maikisch

That ole' cliche..."the faster something goes up...the faster it comes down". I am not ready to state with certainty that NVDA has completed a major top, but watch the price level of $599. Below that level and guidelines state that we're probably not dealing with a wave 4, which is my ALT count. Best to All, Chris

maikisch

DISCLAIMER: THIS IS A VERY LONG READ . Monday is Presidents Day. In America, this is a day we honor 46 individuals who have held that office both past and present. Ask anyone who keeps up with current news and events, and they will agree, America is a politically divided nation. The vitriol, one political party has for the other, seems like it’s never been...

maikisch

Bitcoin has developed a very clear upward trajectory that we have tracked all the way from $15,000. We are now in the target box for completion. The one caveat I have with my analysis is it is possible I was too conservative. The MACD indicator should be on negative divergence for completion and it is now showing we're on the verge of breaking...

maikisch

I am not suggesting you short Nvidia yet as it has extended past normal fib resistance areas. If you have been following my posts on Nvidia, MSFT and the overall SPX500...it appears we have so many of the components and the index in the last squiggles of their respective wave 5's. I know the narrative about AI is exciting, and I cannot tell you what will change...

maikisch

BTC has remained impulsive since early 2023 and with OMH, we should complete our first subdivision, of a long term wave 3 that will last years according to my long term forecasts. Currently we find ourselves in our wave 4 consolidation which I am forecasting once complete and price breaches $49,023, could see prices top in the area north of $51,175. Afterwhich,...

maikisch

Since starting coverage on NVDA in November of 2023 and forecasting a minimum high of $650 to as high as $706...I can now say we're in the topping box. In the next few weeks, as we finalize these last squiggles higher, I would advise to trim your positions by scaling out. The next intermediate move will be a larger degree decline. Best to all, Chris

maikisch

We are finally getting an alternating wave iv (black) that should provide some consolidation before making it's final high in what I'm counting as a long term major top. There is a smaller chance this top is a local top in purple wave 3 with a deeper consolidation to come followed by another push higher...but I must add that at this juncture, to realize a push...

maikisch

Until we get a wave iv of v of 5 that can take more traders out, consolidate more than a couple days, we're going to continue to extend. It is now conceivable we get a $7-handle on this company before it dumps. Unfortunately, this doesn't haven't a happy ending. Best to all, Chris

maikisch

Nvidia is trading just shy of it's 1.382% Fib extension level at $609 where we would normally see a wave 3 terminate in the premarket. If price has designs to extend, it will more than likely do so in a wave 3. It will be interesting to see how this coincides with the broader SPX cash and futures market, which appears to be in the exact same scenario. The...

maikisch

It's been a while since I updated followers on the SP/ES. I recently moved my daughter to Spain after graduating from college...so my wife and I are really just getting used to an empty house. Nonetheless, let's get into it. First and foremost, the primary circle B wave will be taken off the chart, and that clears things up for us. Why does it clear things up?...

maikisch

Nvidia remains impulsive and within it's wave iii of v of 5. The manner in which price is sub-dividing and given it posture of finishing of it's wave 3 shortly towards the $600 area, this could complete prior to earnings, or result in a sell the earnings event.

maikisch

Because of the manner if which price has extended I am still looking for a proper wave 4 and OMH that will get BTC closer to it's ATH of just under $70k. I did a cursory check of contributed ideas on trading view and there appears to be many people calling for a top. Currently, there is nothing suggesting that. Currently we are in the beginning areas of a wave...