not much to see here except 0.886 holding after doing a 5-wave off the low in july and thereafter correcting in 3-waves to these very current levels before the low DAX did a complete corrective pattern in 3-3-5 formation. if DAX holds here 1.0/0.886 fib level (12.480/12.577), a rally that breaks the (bull) flag towards 14-15k is possibly Hold my beer...
Just a quick update because its the same pattern as with many other coins We have formed some ugly wave 1 diagonal and now possibly retraced in three waves down to 0.886 levels We hold here and no new low ($7.79): its gonna take off Hold my beer pls ---- No financial advice, do your own research, don't be stupid
Well, well, well We got a clear 5 wave structure from the bottom hitting 8.236 on wave 3 and 16.236 on wave 5 From here we got a ABC with perfect A=C length As long as we maintain 0.886 / 1.00 fib, this is so badly bullish it could just explode for a hell of a wave 3 (or just a hell of a C) - a hell either way! Hold my beer pls ---- No financial advice, do...
Before we get going: As long as we maintain $17.630 level BTC is absolutely bullish with bigger and smaller triangles that could lead to powerful upside moves. Although I've pointed out before that the first leg down rather looks like a 3-wave pattern than a 5-wave impulse, we should still keep the option in mind that BTC does a 5th bigger wave down. What...
Lets keep it simple: Price action has been forming a smaller triangle inside the bottom of a bigger one. Minimum Target for the small triagnle should be 0.618 @ $22.5k Invalidation $17.630 1.00 fib Hold my beer pls ---- No financial advice, do your own research, don't be stupid
Lets keep it simple: We've got a complete cycle hitting 16.236 fib (orange count) We've got complete subwaves hitting their targets w3 (4.236) and w5 (8.236) We've are about to confirm a break of trend Whats next? Expecting to test $72-$76 area either directly (1.618 fib) or after dancing the broken trendline upwards (from here 1.272) for a while but not...
Lets take a look at the USD Index DXY Its been forming a hell of a bear flag all the way since 2008 and we're now in the final moments of reaching its top. Right now the 5th wave of C looks like an ending diagonal (yellow) count where the 5th wave gets extended forming a broadening wedge top formation. Once that breaks the game is on for lower. DXY should...
Special request for one of my fellow followers LDO Leonardo Has been in a bloody downtrend for over 20 years (!) Lets look at the chart: We are expecting a big ABC correction where as the C wave possibly could have been completed at the yellow arrow but that would be very much truncated. The recent red (bear) flag most likely is going to resolve to the bottom...
Just a quick update here because there is not much to add really Seems its doing a leading diag possibly as a 3-3-3-3-3 count and now unfolding the final 5th wave. Once we r/s flip $70 its gone. Ideally its gonna break that (for now looking bear) flag to the upside and reclaim that big triangles bottom thereafter. Tiny retrace for a wave 2 and the big show...
Seems the correction has been a bit deeper since the last analysis but macro-wise not much has changed. DODO has been creating some kind of bottom and swept the lows below the triangle. Now after having completed a possible leading diagonal and a corrective wave 2 its holding local 0.886 fib like a champ. From here big moves are possible which require close...
Well well well... We've got a nice completion of wave 3 above 4.236 fib setting up target at 8.236 area! Also EOS has already corrected nicely down for a possible wave 4. To be monitored whether this was the whole wave 4 already or just wave A of 4. In case of A of 4: expecting B leg up and an equal C (=A) down before blasting the hell out of...
Perfect position to get a moon shot or die from here to new lows As discussed previously BTC has to hold 1.886 - ideally confirming both triangle and red channel bottoms before going Hold my beer pls ---- No financial advice, do your own research, don't be stupid
Soon we will know whether its gonna do one more leg down or - as most probably wont recognize - could be about to finish a local wave 2 down In the chart we see a legit 5 wave leading diagonal count with red 4 overlapping red 1 and red 3 wave being a diagonal as well. Right know BTC is re-testing previous R/S flip around 21.5k. As long as this level holds, it...
While there seems to be a majority expecting crypto market to take one more huge ish, there's a reasonable chance that flush will not happen. Why? The problem is the 2021 price action which makes it hard to count and clearify wether that recent ATH was part of an impulsive wave or an overlapping B wave. In case of an overlapping B wave, the red count surely is...
Total 3 on the verge of breaking the downtrend for real. On the first attempt, total3 failed and it resulted in a brutal drop. Lets see if it can R/S flip this time. If so, a strong run into overhead resistance is to be expecting shooting some alts towards moon. Failing again here will result in another bloody drop. Hold my beer pls ---- No financial advice,...
Well well welll, Heres a nice example how price action can accelerate. EOS is pumping hard and depending on how high this wave 3 goes, it either gets to 8.236 (yellow counts) or even get a double extension to 16.236 Expecting similar movements for other alts as well Stuffs brewing big times and people havent yet fomo'd back in Hold my beer pls ---- No...
...demonstrating very very likely the bottom has been set already! Its just a beauty! After an insane wave 1, we have now finsihed an insanely deep wave 2 retracing over 95% leaving hodlers totally smashed and bottom sellers sell their bags. While the count is pretty obvious, the typical sweeping of lows below the triangle before going for a massive rally has...
...demonstrating very very likely the bottom has been set already! Its just a beauty! Hold my beer pls ---- No financial advice, do your own research, don't be stupid