We are at peak validation on the expanded flat idea (pretty much the only remaining ultra bullish scenario). It isn't entirely invalidated, so the idea still exists. Wave 2 is starting to look pretty extended in time.
WLD 1-day timeframe analysis (re-count) WLD is now -88% from its all time high and is very concerning, its C wave indeed overlap with Wave 2 of the previous impulsive wave, this overlap does not violate any Elliott Wave rules, as long as the wave counts and degrees are correctly applied. 𝐓𝐫𝐮𝐧𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐓𝐫𝐢𝐚𝐧𝐠𝐥𝐞 𝐏𝐚𝐭𝐭𝐞𝐫𝐧𝐬: (We are now forming a triangle again in...
Bitcoin ending diagonal can lead into altseason, • Ending diagonal is usually characterized by overlapping wave 1 and 4 and also by the wedge shape. However, overlap between wave 1 and 4 is not a condition and it may or may not happen • The subdivision of an ending diagonal is either 3-3-3-3-3 or 5-3-5-3-5.
It looks like Nvidia will complete its Wave 5 (temporary) all time high with earnings today and then begin retracing. Longer term, I believe Nvidia is a good investment. It just depends on your timeframe.
I’m feeling incredibly bullish about the rest of this year, especially with the anticipated rate cuts in September. I’m confident that within the next 3-11 weeks, we could be entering an explosive altcoin season, where these assets will rocket to Valhalla, delivering massive gains of x10 to x30.
WIF is currently in the wave 4 triangle formation, consolidating as it tests the critical phase before a potential breakout. If we successfully rally into wave 5, there's a strong potential for up to 7x returns.
In another scenario, if we successfully complete the submicro level of the first impulsive wave, we'll be anticipating a 1-2 pullback as the next potential move.
A bearish divergence has been identified on the shorter timeframe. If this pattern play out completely, it will likely finalize the Wave 4 triangle, which is intricately subdivided into 3-3-3-3-3 waves, paving the way for the continuation of the micro degree within Wave 5.
PEPE is one of my favorite memecoins, and it's currently riding the momentum of wave 3. If we successfully complete this wave, we could potentially see gains as high as 10x to 15x—making it an incredibly exciting opportunity!
We are currently completing the fifth impulse wave of a micro degree, which, if it fully plays out, could trigger a significant downturn. This potential drop could pave the way for an altcoin season. Still we have a 5th wave extension around 60%-62%.