DigitalSurfTrading

DigitalSurfTrading

With Bitcoin all but coming to a complete stop, this is the perfect time to review potential Elliott Wave formations and hope you’re on the right side of the money. After clearing the Flat correction for Wave 4, Bitcoin’s following movements showed Three Waves in the following 1 and 2 numbered waves. At present moment, formation has all the signs of being in an...

DigitalSurfTrading Updated 

The wave count unfortunately has been incredibly choppy on small timeframes however, the trend remains in a convincing downward motion (for the time being). Previously, my assumption was that Wave 3C was still in play but that particular idea has been debunked, thanks to fibonacci/elliott wave invalidation. The clearest and simplest wave count shows that we're...

DigitalSurfTrading Updated 

After it’s all-time high being reached at $0.73, Doge has entered into its first primary corrective wave. With Wave 2a already completed, using the Fibonacci tool allows us to define to the final zone for the capitulatory Wave 2c (pending). Current in a very funky Wave 2b, the market will allow bulls to stride towards the $0.50-$0.53 range before its final leg...

DigitalSurfTrading Updated 

Within the anticipated Wave C of Bitcoin's current Extended Flat, it appears that we're still in Wave 4 (within the 3rd wave; important to note). Nearing a finish of the (a) wave for 4/3's Flat around $45K, Bears are soon due to continue their downward pressure on the market's price. I'm expecting a Running Flat to play out for 4/3 as the all too common Extended...

DigitalSurfTrading Updated 

XAU has an extremely bearish outlook as for macro analysis. Should the next test at $1900 fail, bearish traders will have a clear route to test the $1600 region. Another test of the $1900-$200 region should come shortly after. With a second failure, we can confirm the running flat formation for primary Wave 4. The down move could take up to 3 years. #PatiencePays

DigitalSurfTrading Updated 

Bitcoin traders/investors continue to play Tug Of War as the asset continues its correction south (Wave 4). Expect Wave C to develop as an Expanding Ending Diagonal. With a 3 wave move for both Wave 1 and Wave 2, there's a good chance that Waves 3-5 will also develop in 3 wave sequences. Viewing this formation on smaller, hourly charts looks extremely choppy....

DigitalSurfTrading Updated 

After finishing an aggressive 5 Wave move down for Wave 1 of the pending C wave, Bulls are hoping to break past the higher resistance level as price prepares to make a return the level of $1.60-$1.70. Currently developing a 535 Zig Zag correction, we can expect A wave to form as a leading diagonal (first green wave structure). The retracement from this formation...

DigitalSurfTrading Updated 

Very important. Ripple completed 5 total waves down on its journey from $1.89 to $0.85. Within all Elliott Wave corrections, a single 5 wave move cannot be the complete form of the correction. It is only 50% of the correction at maximum. With 5 waves considered as A wave, we can expect 3 corrective bull waves upward for B. My target range for the up move is $1.65...

DigitalSurfTrading

Bitcoin has extended northwest but more so sideways than up. With B Wave extending to 1.38 of A, we can expect the all too common, Extended Flat to manifest in bearish fashion. The most common targets for C wave of an Extended Flat are 1.23 and 1.618 of Wave AB. These targets will take us down to the range of $38K - $30K; also the same level as the previous...

DigitalSurfTrading

Without finding support above $1.11, expect a 80% drop in Ripple's current price. While I misjudged the final massive pump, the fact that Wave 4 breached Wave 1 yet remains a fact. Consider the current market structure as Leading Diagonal formation (still). Typically within Leading Diagonals, after Wave 5 completes, the bearish correction returns for a diabolical...

DigitalSurfTrading Updated 

Since 2019, Tesla has enjoyed a 1993% increase in value (from $44 to $900) thanks to Elon's cult following and an undeniably great line of products. While well deserved, the Tesla train has just completed is 5th Wave of Primary Wave 1. With Tesla euphoria at an all-time high, Wave 2 has quietly begun to initiate its sharp push downward. In anticipation of the...

DigitalSurfTrading Updated 

Based on Elliott Wave analysis and what's determined to be the most likely outcome for Wave 4, I suspect that we're currently in the 1st of 3 phases for the total completion of the Wave 4 correction. Typically, a primary Wave 4 will retrace down towards the zone of the previous sub-wave 4 (aka Wave 4 of primary Wave 3). In Bitcoin's case, Wave 4 of Primary 3 is...

DigitalSurfTrading Updated 

Look out for the Ending Diagonal to form for C Wave of the extended flat. $45K remains the target.

DigitalSurfTrading Updated 

I'm expecting BTC to complete a 535 correction back up towards $58-$59K. Stronger downside should continue afterwards. Bears are currently in control for the short term (days). LONG SCALP Within a zig-zag, the following rules apply: Wave A - can be impulsive or diagonal (in this case it was a diagonal). Wave B - can be any 3 wave corrective pattern (in this case...

DigitalSurfTrading Updated 

As outlined on my last Bitcoin idea, based on the length of Wave 1 downward, we can now assume a rough target for Bitcoin to around $45K (to form a running flat correction) — based on Elliott Waves and Fibonacci Levels. Prepare for big bulls to test the $90K range afterwards. We should then make a return back to the $45K after Wave 5/3 concludes. After $90K, the...

DigitalSurfTrading Updated 

Will keep this one simple. We’re still very much likely in a corrective Wave 4 (of primary Wave 3). If Bears win the orange line, Bulls likely will win at the orange box. If Bears win the red line, Bulls likely win at the red box. Anticipated: Running Flat or Extended Flat correction.

DigitalSurfTrading Updated 

Be aware of entering new longs in this area as we seem to be in yet another Leading Diagonal formation. The first 5 Waves are already in, but calculating the current zig zag target doesn’t give price structure the precise drop that it needs. I’m anticipating a double zig zag correction to really shake out early/over leveraged bulls. Big buyers coming in at .40....

DigitalSurfTrading Updated 

Over zealous bears and untimely wave counters will get chopped up here. Look for the real wild bears between $54K-$56K. Sell beforehand and get chopped up.