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This is an update on the Bitcoin Elliott Wave counts. Basically, the idea is still short but this time, you can slightly adjust the stop down to $113,750. The price target is still the same at $98,400. Over here, I updated the most recent wave down as sub-wave 1 of 3, and also the recent move up as sub-wave 2 of 3. At the moment, sub-wave 3 of 3 is on-going. Good luck!

In this long video, I updated the wave counts for Gold and explained the rationale for putting the stop loss (above support instead of below) and raised concerns about volatility due to Nvidia earnings release.

In this video, I go through the Elliott Wave Analysis for Tesla in detail and talk about how the final corrective wave may not be ideal but is still al valid place for a short. In essence, I think that Tesla should be going for a wave 3 of 3 down that will see it going to $273 for a short-term target and even below $214 based on the general market condition that I have previously discussed. The stop loss for this idea is above 349.54 but I recommend setting it higher around 351.85. Good luck!

As I explain in this video, I believe that Bitcoin is currently in a wave 3 down. Last Friday's Powell's dovish statement serves as the corrective move wave 2 up after completing a wave 1 down. The stop loss for this idea is above $115,000. The take profit target remains the same at $98,400. Good luck!

Bitcoin had completed a 5-wave structure and peaked very near to our previous target of $124,000 (see linked idea on 2nd Aug). Currently it has corrected more than $8000 from the peak. We are either in a Sub-Wave 2 of Cycle Wave 5 or in a Cycle level correction (A-B-C). Regardless, the direction is still down, just the target is different. For Sub-wave 2, the target is $98,400. For Cycle Wave correction, the target is $74,400. At this moment, we do not need to decide on which degree of Wave we are in. We can review again when Bitcoin price nears $98,400 and study the wave structure then. I discussed on where to set the stop loss if you are shorting bitcoin. There are 3 different levels, but remember that only a breach of the peak will invalidate this idea. Good luck!

Hello, in this video, I go through Gold Elliott Wave structure on a cycle level (again) before zooming in on the latest 5-waves structure that is Cycle level wave 4. I talk about using existing broken trendlines and how that allows me to determine the strength of a move when there are false breakouts, whether to the upside or the downside. Lastly, I discuss on how to trade this on the short-term using lower timeframe and price action. Most importantly, where to set the stop and the rationale for it. Good luck!

In this video, I updated the wave counts for Bitcoin, primarily the change is in wave 4 where I believed that it has formed in 5-waves instead of 3-waves. Because of the new low, both our stop loss and take profit are now lowered: SL: $113,858. TP: $124,000 Good luck!

In this video, I go through the analysis using the log chart for Ethereum and shows the potential of this cryptocurrency where I expect the price to reach new high in the coming days with a longer-term target of $6600. For shorter-term trading, I recommend placing the stop a distance below recent support on the daily chart, around $3372. Good luck!I think we should have peaked for risk-on and thus I will want to re-evaluate this idea later.

I updated the Elliott Wave counts for Bitcoin and we should have completed sub-wave 4 and is currently onto sub-wave 5. Based on my counts, sub-wave 3 has extended and is slightly more than 1.618x of wave 1, thus I expect sub-wave 5 to NOT extend. Based on Fibonacci extensions, the price target is around $124,600. The stop loss for this idea is around $114,600. Towards to end of the video, I zoomed out for Bitcoin and observed that Cycle level wave 1 and 3 are HUGE (red font) and the current Cycle Wave 5 looks too small. Thus, the entire 5-wave structure of what we are going through now may be just a Sub-Wave 1 of Cycle Wave 5. And that means that longer-term, Bitcoin may really go to $200,000 and beyond. But for traders, keep our foot on the ground and trade what is in front of us. Good luck!

This is an update to the wave counts for Bitcoin. We are in the final wave 5 of 5 of 3 and the target remains at around $124,632. The stop can be adjusted to around $120,433, below the wave 2 of 5 of 3.Sorry, I meant stop below wave 1 of 5 of 3.