Fractical

Since the 14th of August the crypto markets have been in a corrective phase, a much needed retracement if you ask me. There were plenty of bullish moves before the 14th on loads of alts (Arbitrum) to keep us busy but we need the reset so we can continue with confidence that the bottom will not fall out from under us. Displayed is a wave 2 retracement of wave 1, which is the second 1,2 pattern (Extremely Bullish) in the move up. Likely we will see this fractal play out on a smaller degree, following in past fractals footsteps. Triple 1,2 is the move i believe is the most probable at this point (Expanding Diagonal is super rare) Happy Trading 🌊

Wave 4 completed with double confluence using Jeff Kennedy's Channeling Technique. As shown on the chart wave 3 peaks after an extended 5th wave to finish wave 3. Wave 4 retracement lasted 2 days, finishing after the 1 Fib Time, it retraced at least 38.2% of wave 3 in a WXY Complex Correction falling below the bottom of the Acceleration Channel, confirmation we are in a wave 4. Wave 4 fell a bit below the top of the base channel, often if the top line fails, and the correction extends, I may look for a center line reversal inside the Base Channel. So, for these reasons I am looking up for wave 5 and calling wave 4 done. I may update with the wave 5 Termination Channel as it would have been to cluttered displaying 3 channels. Using these channels it is possible to be profitable trading Elliott Waves without knowing everything about the wave principle.

It seems the wave 4 Expanding Flat correction idea (previous post) played out well with our fib time and price targets! Always a good thing to have the right look in your wave count, fib time and price projections paired with the Elliott Wave rules and guidelines... its a whole other feel to my trading psychology and it gives me more confidence in the end. Breaking to the upside in the first of a few nested wave 3s, so i expect a bullish run up. (Keep in mind we finished red wave 4 just past the 1:1 fib time), if we are in a complex wave 4 still, it could easily extend to the 4 fib time without affecting probabilities. Starting to love this haha. Happy Trading 🌊🧙‍♂️

Zooming in on the 3min TF the Target for completion of wave C of regular flat (White wave 2 retracement) will be 0.4888. Looking to reverse lower at this level to complete the white impulse down for wave C of larger degree Expanding Flat (See earlier post for HTF count)

Short term outlook is bearish as we are looking to complete an expanding flat to the downside. Wave B neared it invalidation, but reversed down. Lets see if the bears can push it down to the 0.5 Fib Target, soft target is the 0.382 Fib. Long term we are still bullish with plenty of nested wave 3s to keep us counting to the upside in the future haha. Not Financial Advice

🧙‍♂️I have an Elliott Wave count to share with you showing a super bullish Triple 1,2 in the 3rd wave of the Red impulse playing out. Meanwhile, we are currently in the third wave of the 5th wave of the Blue impulse, which contains in itself more nested waves in the form of a triple 1,2. Chart is shown on the 15 min TF, but I included a pic for viewing the LTF subwaves on the 3 min TF. Not financial advice as I am still a student of the wave principle. Happy trading! 🌊🏄‍♂️

https://www.tradingview.com/chart/ARBUSD/L6m1KeNu-Update-on-ARB-Bullish-Impulse-confirmed/Update! Subwave 3-3-3 confirmed. Expected continues grinding up as we complete the remaining wave 4,5-4,5 structures. Elliott Waves are so cool 😎

ARB according to my Elliott Wave Theory knowledge, is currently grinding up in a bullish impulse. Wave 4 retraced around 38%-50% .618 invalidation looking lonely, just how I like it 👌. Subwave 3 of 3 maybe complete as we seem to be building a triangle structure, indicative of a wave 4. Not financial advice!

Bearish wave 5 of impulse completed the Bearish Trend, now correcting to the upside in a zig zag structure, leg A & B complete, now for wave C im targeting the 1:1 of wave A. We will see if this remains a 3 wave structure, or if it runs into 5 waves it could be an A/W wave of a larger correction. I am still studying Elliott Waves so ahem, this is not financial advice!

This is my bullish elliott wave scenario for kaspa, currently beginning wave 3/3/5 of wave C so should be a nice ride up to clear our extreme of wave A at 0.12012. Conservative invalidation at the bottom of wave B 0.10159. THIS IS NOT FINANCIAL ADVICE. Its simply my opinion based on Elliott Wave Theory