wildhood

wildhood

With Bitcoin showing off a very promising chart, I've started to look at some of the less successful bull market cryptos. From what I can tell, the fundamentals for Polygon are excellent, considering its potential entry into being a proper validium layer 2 to Ethereum. Any way... Perhaps this correction is a long XYZ, coming to an end.

wildhood

In previous analysis that I published this past weekend, I believe I was incorrect about the location of wave 5. I've since updated it. Simpler, cleaner count... I like this one better. Old analysis:

wildhood

Just a thought/idea re. chainlink near term. The higher timeframe 5 wave impulse is not complete, nor does it appear that wave 4 is complete. I think a move down to $11 is possible in the short term. That said, the A/D indicator (accumulation/distribution) is printing a divergence on time frames lower than 12h. Longer term, I think link is headed to $27.

wildhood

This looks like it might be a zig-zag correction, with wave C just beginning. I've mapped out expected pattern.

wildhood

The current correction on Bitcoin looks incomplete, but it's difficult to be certain if it's a flat or an expanded flat. If it's a flat, it's very close to complete, and a fast move up can be anticipated. If it's an expanded flat, then wave 5 of the C wave could extend. I'm inclined to label it an expanded flat because the wave B move appears to extend more than...

wildhood Updated 

I don't mess around with (inverse) head and shoulder patterns. It won't play out exactly as I have indicated on this chart. Stop losses (invalidation areas) and take profit areas are easy to discover re. head and shoulder patterns. This chart features an overlay of the WEEKLY Ichimoku Kinko Hyo indicator, over the daily price.

wildhood Updated 

A few factors that may indicate a trend reversal near term for the fast-falling optimism token: High time frame Gartley pattern potential reversal zone (PRZ). Looks like the WXY on the HTF correction is near complete, with a final drawn-out zig-zag, nearing it's AB = BC wave length comparison. The komo cloud is still trending down strongly, but getting...

wildhood Updated 

Taking note of a few items on the ETH/BTC chart. After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such. On a higher timeframe the chart has been correcting. If...

wildhood Updated 

There has been a strong bullish trend for crypto during the first part of the year - this can be analyzed as a typical elliott wave impulsive move. This more recent counter trend looks like an ABC correction - perhaps a higher degree wave 2. The completion of this visible gartley harmonic could indicate a good entry into a strong impulsive move, especially if...

wildhood

See Chart. Lots of reasons to be cautious about remaining short. The 26 day kihon suchi cycle - measurement shows 27 only b/c the count starts with 1, not 0 - is very prominent w/ this crypto.

wildhood Updated 

Put all my thoughts on the chart: Potential reversal area if the Gartley is completed. What a complete WXY might look like. (I think the current Impluse down will belong to a higher degree ABC... zig zag?) Looks like the cycles are on a 33 day rhythm. Mid-cycle in this current nearly completed impulse move. Enjoy.

wildhood

Sell in May. Looks like a bearish bat harmonic, and the completion of a diagonal. Note: "If Wave 1 is a leading diagonal, wave 3 is almost surely going to extend." from the best online resource for elliott wave guidelines .

wildhood

Simple look at the HTF bitcoin price chart. I think it could be classified as a head and shoulder pattern. Throwbacks happen 60% of the time for these types of patterns.

wildhood

Everything I want to say is on the chart. Harmonics, resistance levels, target areas, all highlighted. Feedback is welcome.

wildhood Updated 

This is a very confusing consolidation under resistance set in May 2022. The strength of this trend corresponds what is expected for the kick-off of an Elliott impulsive wave 3. Please see my overview analysis here: At this point, this weekend, I think there are two possible paths to complete a W3.2 (sub wave 2 of a superior wave 3): red, or teal. I favor teal -...

wildhood Updated 

Elliott Wave 5.5 incoming. Trading View requires that I write more, but most of what I intend to say is on the chart. Any way, triangles are good to trade. And the completion of W5.5, is a good time to go short, and/or wait for another entry. Gold is probably a good long term investment. Let's see...

wildhood Updated 

Special thanks to stockcharts.com for the explanation of the events in a Wyckoff accumulation period. Read more here: school.stockcharts.com I have no experience applying the Wyckoff method, so this is simply a study to see if anything stands out as being useful for understanding the past several months of sideways movement of chainlink.

wildhood Updated 

Just an Elliot Wave idea for UROY. This would fit well with a view that inflation will be persistent, and reflected in commodity prices over a longer period of time.