Osemka8

Looks good to me. Great risk:reward ratio too. I'm adding down here.

THETA is that coin that's respecting EW channeling a lot. It's every macro move is in a channel. We have confluence in the horizontal support are and the falling channel. You have two scenarios: 1. Wait for the drop to the support at $0,7 2. Wait for the breakout of the channel All depends on your risk tactic.

Quick writeup We can clearly see how THETA respects channels it's in. Last 5th wave still awaits. Is this the start? Unclear. If you want confirmation, wait for the price to break the upper border of the channel. EW basics on chart: - 5 waves - alternation law: one correction is flat, the other is zigzag - zigzag is a deeper one

As far as I'm concerned NEAR's correction is done. A typical zigzag 5-3-5, last C wave is drawn. Will be loading up once we break through the diagonal resistance

So I've been casually browsing the book "Elliott wave principle" by A.J. Frost (a must have, btw) and came across this sample. Remarkable how similar these two charts are (hope you see it the pic due to me being on a laptop). It's quite striking that the 5th wave isn't done yet. So if this is to be true, profit-taking target, according to the book, is at 1.618 Fib or ~$45. Wave 2 - flat; Wave 4 - zigzag -> meaning EW alternation is valid. Current situation and plan interpretation of current structure is a possibility of us being in the 2nd wave of the first wave in this last leg up. Expecting more downside and hit of the lower channel line. If not, cool.Adam and Eve bottom forming? Watch out for a potential rounded bottom now i.e. Eve.

All Elliott wave laws, thesis, observations are valid and pretty much textbook. Alternation wave 1 -> usually completely fades wave 2 -> zigzag, deepest correction wave 3 -> most dominant wave 4 -> sideways expanded flat, long but not that sharp and deep wave 5 -> most euphoric and normally retail driven Rising channe Wave equality? Perhaps That would put the target to cca. $120k if we goin similar to wave 1. But if we are following the channel, top is in at about $200k. Two areas to look for. What's most important: we have wave 5 in front of us :) In a few months, welcome to mania .

Seeing this chart makes me confident we're seeing Elliott wave alternation rule playing out. If one correction is flat, the other is a zigzag and the other way around. Also impulses after a flat corrections are often (but not a necessity) more agressive. In this case it was. Don't expect a degree of same impulse in the 5th wave. 1. To be noted sideways movements happen in a form of flat corrections, triangles etc. and last longer than zigzag sharp corrections. In our case, second wave is a clear running flat correction and lasted longer than a sharp. 2. The other thing is that sharp corrections are deeper than flats. So even if we take this case from COINEX and all the wicks, the flat is still a bit shallower to sharp one. Hopefully this panic is the bottom. If it is, the most rational thing would be to chop and slowly grind up. We also tested previously untested support. All Elliott wave rules are spot on. We could go lower, but not much more. Also watch out for the $4,4 price are. If we smash it, it's game on.I'm a buyer here. Just waiting for the 1W BTC close.

Been following these two charts like a predator. Extreme resemblances. Same reactions. ABC seems to be finished and we're hopefully finishing our wave 2 before a massive move up. Looking to hold this current area. Tough days ahead of AMZN , AAPL earnings today and FOMC next week. Looks promising.Comment: SiaCoin actually wen 1,2% below C wave and took out stops before slow grind up. Not ruling it out here. KDA on the verge of breakdown. Fingers crossed and watch for a fakeout.First support around $4,15For this to be a fakout, we need to move back above $4,38. We do not want to be rejected there.

KDA has been respecting diagonals to a T. Breaking out of the upper diagonal, while having support on the lower. Currently facing big 1W resistance at $7. When cleared, we fly.Breakout :) $7 was/is an immense 1W resistance. Close weekly above and we fly.

Next area of interest isaround 20% lower. Quite a lot of coins with a similar % falls to supports. Might coincide with BTC visiting it's support at 39k.Almost thereDed