BTC is officially,, NOT a Safe Haven Asset... We are working with a compacted series of polywaves into downside target that could reach 3,500 level. All the patterns discussed until now, to confirm this short term drop further before we see a terminal impulse pattern emerges. It does not matter how complex or simple a pattern is, what matters is whether the...
How do we categorize the current pullback in BTC? All market movements under Elliot Falls into two logical Classes - Impulsions (Trending and Terminal Patterns), which occur in the direction of the trend. When analyzing short-term market movement, Impulsions can be monowaves. Corrections (Non Trending Patterns) which occur against the trend, or what we are...
A Triple Zigzag or combination as what we are seeing in the S&P will usually channel far too well to be considered an Impulse pattern. The declining waves are too similar in price and time coverage, which is mandatory for Impulsive activity. This triple combination pullback indiacte weakness, although does not present an Impulsable pattern, we have MUST hold...
We are looking to trade aggressively with low risk high reward Unbalanced butterflies throughout 2020 with this potential consolidation pattern in the Russell throughout 2020
Update on our 5G play, looking to execute LEAPS on Inseego.
XRP impulsive corrective pattern is subdivided into 5 monowaves. Other forms of Alternation need to be considered to keep the Bullish Count accurate.
The most important aspect of identifying Impulsive or Corrective monowaves is that it allows you to deduce the trend of a particular market. When trading becomes personal, everything changes. Conclusion: Look to establish LONGS on BTC with STOPS well below the 78.6% retracement. Refer to graph for price level for 78.6% retracement. Due to Wave Theory's...
Look to book profits into wave v upside at 163-165
We floated another butterfly, now a bull put fly expiring March 20th 2020
Chart Update on 3150/3100/2920 Unbalanced Fly to Capture this WAVE A Rebound. Profit target 100%-150% from Initial Capital
Looking to Place an Unbalanced Butterfly expiring March 27th 2020 with Debit about 64.60 with this possible WAVE B rebound
SPX presenting some good buying opportunities hitting the 50% retraement and 61.8% acting as support. We are in for a corrective pullback, NOT an all out crash.
Will Ripple hold this former resistance level turned support? Favorable Risk & Reward with tight Stops below $.17000
XRP Long Setup with tight stops.
Trade Update for SPX Db. Put Butterfly to capture an A,B,C pullback. We are watching these two levels of resistance for an overdue A,B,C pullback. Keeping an open mind that anything can happen and rigid with our risk mgmt.
Put Debit Butterfly Set to capture a Melt with an A,B,C corrective pullback
look to book profits with this breakout into wave iii upside target . Still holding on to all long positions on ETH to stretch existing profits while minimizing risks as we go