Some references suggests the following: • Leading diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape but overlap between wave 1 and 4 is not a condition, it may or may not happen ( here ). others suggest it as a must ( here ) Apparently the latter was more accurate, as my last chart had a flow. here is its corrected ,...
As mentioned in our previous update, a retrace down to 47k at fib 0.236 would be acceptable as a shallow retrace, something that happened. now as bitcoin broke the downtrend, a new update with mid-term targets has been added. in this scenario, bitcoin will climb as high as 111k in this wave 3 before having a steep wave 4 retrace, forcing the leading...
The original chart is about 95% accurate and the possibility of a major market crash is still there. Now updated the chart while adding the alt in pink, in which we are out of the major retrace, and re-initiating the bull run. in this scenario, a retrace up to 47k is acceptable, and can go as low as 33k without breaking this count. below 33k and the alarm is...
there are couple of different view of BNB chart. here I represent one in which BNB is still in its 1st major wave, topped earlier this year following its wave 3, retraced and will be heading towards 7k between end of this year and Q2 2022. PS: chart ain't a financial advice
In one version for TRX charting, one would assume that TRX topped in its wave 1 in April 2021 at about 0.166, when bitcoin realized its ATH . following the market correction, TRX retraced to 0.381 FIB and held that support level quite well. If things continue well, the long term targets for TRX are shown in this chart, hitting the 1.618 FIB at the end of wave 3,...
I see 2 scenarios in bitcoin's retrace. if you have a question, feel free to drop me a message. PS: Not a financial advice!
Due to the limited data, that's a potential count for helium. Not a financial advice. Happy trading
we have to major possibilities: in the first, ETH is to reach the top of this wave and hit an ATH at about 1800$ before a major correction in wave 2 (red) or it is still in its wave 3(orange) and will retrace to 700-900 before making a new ATH at about 4.3k usd. time and wave structure will tell which is to come! PS: as usual, not a financial advice!
till now, Bitcoin beautifully followed its correction pattern. yet we are reaching a pivotal level, upon which, if broken, bitcoin correction might prematurely ends. my primary target is in the box, which will be either the whole correction (wave 4) or its first leg (A or W of this wave 2) (for reference check my macro bitcoin chart). Time will tell, yet...
The long anticipated bitcoin correction is finally here. 2 potential scenarios: A. in yellow: bitcoin made a 1-2 i and we are expecting a wave ii correction which is often deep, retracing as low as 0.786, which will shake many week hands, and give another chance for big players to further accumulate. target is in the green box, possible sub 10k retracement...
As most other crypto assets out there, LRC is clearly overbought. Fibwise, targets hit perfectly fit with a completed wave I, and start of a reversal in a correction wave II. Ether short (top yellow target) or deep, lower ones, I see LRC correcting to one of those levels before kicking in wave III, making new highs day after day. Not a financial advice. Happy trading.
That's my take on DOTUSD for the next couple months. Happy New Year and happy trading. PS: NOT A FINANCIAL ADVICE!
Although it hit an acceptable fib that would work as a shallow wave 2 at ~7.35$, it is highly unlikely that this correction is over. syncing it to the rest of the market, with the expected bitcoin retrace to levels between 11 and 13k usd, link would eventually seek a deeper wave 2 correction, as per the chart. all 3 levels would be acceptable, though falling below...
LTC was occasionally the coin that started the runs. This one had recently some nice updates, from it being listed with grayscale as LTCN, to the new card allowing LTC holders to spend their coins whenever Visa cards are used. It have a great potential and the MACD shows that ltc is only warming up. my first target will be 556$ for wave iii of this wave 3 (not...
This chart was published few days ago. What I can tell so far is that BTC has reached its zone which might extend to ~27k. negative divergence started to show up in the lower timeframes. being the iv of 1 wherein wave ii was quite shallow, I do expect a deep retrace to 11-13k. PS: my charts are simply ideas. not financial advices. Thank you for your support
This is my first post. So would really appreciate support and guidance. Following elliottwave theory, i see 2 possible paths for BNB depicted in this picture, yet both ends around in the same zone. the first assume that the top seen around the beginning of 2018 was the top of wave 1, while the second count assumes that it did not yet achieve its first wave 1...