SaintJokel

Still considering this a temporary rally. Invalidation level for minute B wave at $2.77. If rejected at one of the following fib levels (.618, 1, 1.23) see potential short / accumulations targets/zones in chart.idea invalid.

As pointed out in my previous posts, I forsee a big move to the downside to finish the bear flag (and 4th Wave). This might happen faster than we think, because We are already trading under the 200MA (3D); In Oct. 2018, this was the beginning of Bitcoin's capitulation, which brought us all the way down to the 200MA on the weekly timeframe I therefore expect a similar thing will happen this time. Accumulation targets are laid out in the chart. The blue fib levels are potential entry points. Confluence levels with the weekly 200MA are around 22-23k. Curious if this post will age well. Any feedback in the comments would be much appreciated!-If you agree with this, like and share.Cheers.

Have we finished Wave 1 or are we still in subwave 5? For now, I can see a potential ending diagonal in-play. If anybody else has a different EW count that can shed some different perspective on the current stance of bitcoin please share.Cheers.

As pointed out in previous posts, I expect way more downside for Bitcoin. I believe Bitcoin finished its expanded flat and is currently moving impulsively down for subwave 1 (perhaps already finished) in Wave 3. Targets are laid out in the graph.Any feedback in the comments would be much appreciated!-If you agree with this, like and share.Cheers.Unclear if price action is already moving in subwave 2, but so far price is finding resistance at the 200MA on the hourly. If we can break this than next stop would be the 38.2% fib level 40.977 and the 50% fibbo (confluence with the 50MA/1h) around the 41.351

Bitcoin has finally shed some light on its future price trajectory. After 6 long months it has formed a “valid” bear flag, in which the 200MA has acted as a strong support (since January 2022). The 50MA, on the other hand, currently acts as a resistance on the daily. On a smaller timeframe (1 and 4h, see update on previous idea: Final Leg Down), you can see that Bitcoin has finished its 1st impulsive wave down and is nearing the end of its short-term consolidation in wave C. What’s more is the upcoming death cross (3D) may signal the breakout of the bear flag. For now, I am expecting a move towards the 42K range before we start moving impulsively down for wave 3. Validation bear flag: The pole has been formed impulsively (zigzag, 5-3-5); The price action in the retracement phase has been moving in a narrow range between two parallel lines and consists of two price waves (ABC correction); The price has not retraced to about 50% of the pole; Waiting for a bearish candlestickThe next coming days will be crucial for Bitcoin. Any feedback would be much appreciated.-If you agree with this, like and share.Cheers.Typo* the price has retraced to about 50% of the pole;Whether we are going to move impulsively down for wave 3 or have a short-term zigzag correction, we're going down.

My Elliott wave analysis on my previous post let me to believe that Bitcoin will have a final leg down that could potentially bottom at $23K. However, I want to propose an alternative to the bearish scenario, namely a ‘bullish’ symmetrical triangle (top declining, bottom rising)By making a slight adjustment to the ending of the 5th (intermediate subwave of primary wave 3) motive wave—preceded by a contracting ending diagonal, we can set the stage for a clear symmetrical triangle as our primary wave 4 in the direction of the main trend at the next higher degree. That final motive wave ‘normally’ makes a swift and sharp post-triangle thrust.What further strengthens this scenario, is the weakening momentum of the MACD. Having drawn trendlines on the two-line MACD, you can clearly see that the trendlines are converging. A MACD crossover in conjunction with, a violation of this trendline will signify the start of a bullish change in the market.What are your thoughts? Any feedback would be much appreciated.-If you agree with this, like and share.Cheers.

In my recent post, I have drawn a bearish outlook for Bitcoin. Hence, it's fair to re-evaulate my EW count on some previous posts. It should be noted that I'm by no means an expert on EW analysis, so any feedback would be much appreciated.For Kave I made some slight EW adjustments and some dubious speculation on where this altcoin may bottom. In my view, Kava might still be correcting on a larger degree (intermediate): double three (WXY) or even a tripple three (WXYXZ). Wave X already made a 50% retracement of Wave W and it looks like we are heading down for Wave Y. Whether Wave Y will present itself as a double three, a zigzag, a flat, or a triangle is to be determined. If Wave Y = 100% of Wave W, this correspond with a 50% retracement in Wave 2 (Primary) and could lead to a price target of $1.48. -If you agree with this, like and share.Cheers.

I know it's a bearish forcast, but I believe BTC is forming a double three combination flat + zigzag, in which we just finished subwave B of Wave Y (WXY). The guidelines state that Wave C is often about the same length as wave A. Thus a 23K Bitcoin is on the table. Any feedback would be much appreciated. -If you agree with this, like and share.Cheers.I can see us hit 42k before we move further down

This is my current EW count for CKB. EW count might not be on par because of the missing data points on Binance. For now, it seems like CKB finished its ABC correction--regular flat. I'm bullish on the shortterm. However, an ABCDE correction might still be in-play (similar view on Bitcoin). What are your thoughts?-Any feedback would be much appreciated. Happy trading everybody.Cheers.

As shown in the chart, MOVR formed an inverted H&S pattern. Breakout can pave the way to targets set out in the chart. -If you agree with this, like and share.Best of luck!Cheers.