ptero1492

ptero1492

If this turns out to be an ABC in a W4 from the recent lows, I'm looking higher. 2/3 days of volatility remaining to show the next move. No new positioning advised

ptero1492

The levels on the chart are clear. Let's see what happens. No crash is likely, added liquidity to protect from meltdown should be good for BTC where the dollar should also rally on China fears.

ptero1492

Two previous wedge breakouts with ETH gaining 20% in defiance of BTC's dominance. This wedge tip expires on the 22nd of September, where if history repeats, the breakout should clear multiple longer term resistances. With the added fuel of clearing additional overhead resistances, there could easily be more than 20% gained from this breakout before the next...

ptero1492

Previous cycle and wave count, coupled with lagging action and Doji candle, tight BB indicator This seems like the next big move is most likely a 25% flush. Target is the .618 retrace to near $2410

ptero1492

See chart for levels, break of yellow line to initiate position, break of red resistance to confirm strength in this leg. Looking to yellow ellipse for target if this is confirmed.

ptero1492

CCJ has bottomed on W4, on its first impulse to W5, one more decent pullback remaining if true.

ptero1492

Current Count on ETH showing a projected top in August Traders might re-buy in September, for a run into March/April

ptero1492

Since I get a lot of questions about my UUUU positioning, I thought I would take a moment to see what the wider sector looks like. Keeping it simple looking at CCJ as the big papa. Looks like there is some time left for correction into August. Timing is not reliable here, but the levels are significant.

ptero1492

Rejection at 200dSMA works perfectly with the idea of an ABC correction from top of W1. End of C wave should provide the best entry for the upcoming W3 that will be the first confidence boost to the crypto market W5 run.

ptero1492

Counting ISWH for the upcoming crypto rally. Mining and mining supply companies, leveraged calls on the movement of the underlying crypto assets.

ptero1492

Placing an order with my last available cash into ETH at 1851, hoping for a 20x with, knowing this won't be a straight line. See linked idea for projection

ptero1492

Final wave of current bull, could present 20x from current levels, upper targets are acknowledged but not guaranteed.

ptero1492

Good odds BTC puts in a positively divergent lower low here and puts an end to the worry.

ptero1492

Because the bullish option looks less likely, I favour it. What do you think? There will likely be a positive correlation between BTC and the DXY by end of June. Which will allow it to be superior to other hedges.

ptero1492

Check out that bullish daily candle, Finishing a 5 wave flag correction (4) and beginning a W5 push to try break the roof of the wider descending triangle. Some days of silver euphoria remain. Hard to imagine what the next (and final) correction after this will look like, my head hopes for something easy, but my heart knows it will probably be painful. Stay Long Kids.

ptero1492

Updating my chart as it seems to be followed by a few lately and has proven accurate since breakout in Nov.. We may see a quick (C) down to the confluence of support (Trend, Fib and MA) which would constitute a spike, though it may have enough buying buoyancy to be rather shallow. Once correction is complete, this week will show the beginning of a W5 up to the...

ptero1492

Basel 3 Wave 5 anticipation may drive us into a W5 from MARCH 2021 lows. Three fractals from the last year may show the potential routes from now.

ptero1492

Update to my UUUU chart. I last posted a while back before breaking out of the wedge where I proposed repositioning if we failed to break and challenge the red trend resistance. Since we have broken the wedge to test the RED. The RED was stiff and we will now retrace the move since April. This part of the wave structure would usually retrace shallowly, but I...