Oxjonk
@t_Oxjonk
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Oxjonk

Corrective wave 4 imo for BTC here with targets at 88K-90K. Expanded flat at play here, with entries at the .886 Gartley.
Oxjonk

for the master riddler haven't made my mind yet if this is the minor 4 of the 4th, i think we breach 100k and make the 4th wave down to 80-90's still feeling it tho
Oxjonk

Wave theory already explained in previous ideas, running flat turned into an expanded flat. Long idea invalidated at 49K, price hits that it's over guys, sorry.
Oxjonk

My personal opinion is that the past liquidations that occurred recently was locally max pain. This is my decomposition of the recent chop since Aug. 24, it didn't make sense to me until this morning (basically more data = clearer picture) This looks like a running flat corrective wave 2 to me. Worst case scenario it *could* turn into an expanded flat by seeing some more downside; however, I believe that the bottom is behind us. Only path forward is to see ATH's next. I don't know when, but based on my analysis using Elliot Wave Theory it seems unlikely that we see lower than we have already seen.
Oxjonk

Elliot wave theory applied on a 30m timeframe, seems crystal clear to me what is happening, let me know what you guys think. I think on a small timeframe we're making a wave 3. Liquidation heatmaps show that there are a lot of liquidations up there at 60k.
Oxjonk

posted an expanded flat idea earlier saying that either: a) bottom for JUP is in or b) bottom soon (expanded flat means leg 'c' can retrace past 'a' i think we have finally terminated 'c'. fib extension of wave 1 to 2 shows that leg 3 can potentially be as high as + $1.00break above the parallel upper band would give me confirmation that wave 3 is confirmed.
Oxjonk

looks like we are currently in a wave 4 correction, which seems to be a flat correction.some people may say that this is invalid because wave 4 is in wave 1 territory; however, there are exceptions to this such as the one we are in right now. wave 1 is an ending diagonal, which makes it valid for wave 4 to enter wave 1's price territory. 65K is my wave 5 price target as it is a conservative fib extension of 100% from wave 3 to 4.thank you for coming to my ted talk to the 2 people watching this
Oxjonk

looks like we are in a corrective wave 2, which to me seems to be an expanded flat correction. we can see 'b' pass the origin price corrective wave 2. 'c' is either completed and we rally to $1.20 (fib extension from wave 1 to 2), or 'c' is currently being terminated and we should locally bottom here soon.
Oxjonk

elliot wave theory applied to macro outlook of BTCwave 5 is usually a 1.618 extension from wave 3 & also somewhere along the mid-channel of the parallel channel of wave 3pls follow me on X: x.com/0xjonk :)
Oxjonk

$58K BTC before September? @0xjonk on X.com elliot wave theory - looks like we're in a correction after wave 5 at $70k. we touched the weekly fair value gap briefly, but fixed volume range shows that if $60K doesn't hold (which we haven't tested yet)...there's no support until $58K. which is also the CME gap...
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