traderjonk

traderjonk

Corrective wave 4 imo for CRYPTOCAP:BTC here with targets at FWB:88K -$90K. Expanded flat at play here, with entries at the .886 Gartley.

traderjonk

for the master riddler haven't made my mind yet if this is the minor 4 of the 4th, i think we breach 100k and make the 4th wave down to 80-90's still feeling it tho

traderjonk

Wave theory already explained in previous ideas, running flat turned into an expanded flat. Long idea invalidated at GETTEX:49K , price hits that it's over guys, sorry.

traderjonk

My personal opinion is that the past liquidations that occurred recently was locally max pain. This is my decomposition of the recent chop since Aug. 24, it didn't make sense to me until this morning (basically more data = clearer picture) This looks like a running flat corrective wave 2 to me. Worst case scenario it *could* turn into an expanded flat by...

traderjonk

Elliot wave theory applied on a 30m timeframe, seems crystal clear to me what is happening, let me know what you guys think. I think on a small timeframe we're making a wave 3. Liquidation heatmaps show that there are a lot of liquidations up there at $60k.

traderjonk

posted an expanded flat idea earlier saying that either: a) bottom for LSE:JUP is in or b) bottom soon (expanded flat means leg 'c' can retrace past 'a' i think we have finally terminated 'c'. fib extension of wave 1 to 2 shows that leg 3 can potentially be as high as + $1.00 break above the parallel upper band would give me confirmation that wave 3...

traderjonk

looks like we are currently in a wave 4 correction, which seems to be a flat correction. some people may say that this is invalid because wave 4 is in wave 1 territory; however, there are exceptions to this such as the one we are in right now. wave 1 is an ending diagonal, which makes it valid for wave 4 to enter wave 1's price territory. FWB:65K is my wave...

traderjonk

looks like we are in a corrective wave 2, which to me seems to be an expanded flat correction. we can see 'b' pass the origin price corrective wave 2. 'c' is either completed and we rally to $1.20 (fib extension from wave 1 to 2), or 'c' is currently being terminated and we should locally bottom here soon.

traderjonk Updated 

elliot wave theory applied to macro outlook of CRYPTOCAP:BTC wave 5 is usually a 1.618 extension from wave 3 & also somewhere along the mid-channel of the parallel channel of wave 3

traderjonk

i called btc to $62k, and i called CRYPTOCAP:BTC to $58K i think $57K was the bottom where we're at locally, and ATH's is next.

traderjonk

elliot wave theory - looks like we're in a correction after wave 5 at $70k. we touched the weekly fair value gap briefly, but fixed volume range shows that if $60K doesn't hold (which we haven't tested yet)...there's no support until $58K. which is also the CME gap...

traderjonk

for tim, elliot wave theory idea 5th wave at 70k, abc correction to bring us to weekly fvg at $62kish