Here are my
#cryptotrading
lessons on
#Elliottwave
theory in one tweet.
More to come, so stay tuned!
Lesson 4: Alternation
Lesson 6: Diagonals
Lesson 7: Flats
Plz like or RT if you find these kind of pics helpful
#crypto
#btc
$btc
#bitcoin
$btc update:
#btc
still stuck in same channel for 6 months, but imo the end is near.
Either correction is done already or we’ll get one more low to support at 42k
Looking at the lower level wave count my bias leans more towards the latter. It won’t matter on the long term
🐸
$btc
Just to be clear: the bullish count is my primary scenario, however I always consider the bearish option.
Current location would be ideal for a B-wave termination.
If I where a bear this would be a good location to enter long term shorts.
🐸
#btc
#bitcoin
$btc analysis:
My main reason to think we’re not done yet with this bull market.
All bull markets finished with a double top on Rsi on monthly tf. We’re still missing one top‼️
#btc
🔥🔥🔥
$btc update:
#Elliottwave
count of 5th and final wave up:
Assuming red W4 is in, my measured main target is at 128k‼️
The 1:1 will pose resistance, but the larger count is still missing an extended wave imo, so this is not my main target.
🐸
#bitcoin
$btc update:
Exactly 4 years later we find ourselves in the same situation. Coincidence?
I don’t think so.
Will this time be different?
I don’t think so.
🐸
#btc
#bitcoin
$btc update:
#bitcoin
is in a pretty standard impulse. W3 made it to target, W2 is deep retrace. This makes me think W4 will retrace shallow (382) and revisit first drawn channel.
Some educational content, targets and my general view of
#btc
cycle in chart below
❤️&share 👍
$btc update:
Here a couple of ways to determine W5 target using
#Elliottwave
.
Based on this my W5 target is in the range of 105k - 130k
Let’s go 🚀
🐸
#btc
#bitcoin
$btc
I don’t know what you’re gonna do, but My plan is to start accumulating my long term position at 27k swing low all the way down to the 0.382 fib at 21.5k.
🐸
#btc
#bitcoin
$btc update:
I think we’re getting very close to an explosive outbreak. BB are getting very tight and volatility is almost non existent.
It’s the calm before the storm.
🐸
#btc
Educational tweet:
If you’re starting to learn how to chart and do your own TA, the retracement tool can’t be missed.
Here I show how to use this tool correctly within an impulse.
❤️ and share 👍
Educational tweet:
For those interested, here I try to explain with a couple of examples what to look for when a breakout occurs like now on
#bitcoin
.
I always want the confirmed support of previous resistance before going long.
❤️ and share 👍
Educational tweet ‼️
For those interested, here a short intro on how to draw and use channels in impulses. It can be a very powerful technique when used properly.
Educate yourself 🤓
If this was helpful plz show some love and ❤️ and share
🐸
#cryptotrader
#btc
#crypto
$zil update:
I don’t want to withhold this piece of info.
Hidden bullish divergence on weekly tf and W5 top target in between $0.70 and $0.95⚡️⚡️
Note: this is htf chart. On ltf
#zil
can go down before up.
🐸
#Educational
tweet: trading a wedge
Especially on the lower tf’s you’ll find a lot of wedges and diagonals. Here is how I trade them. This is for a falling wedge but obviously the opposite goes for a rising one.
Plz show me some ❤️ and share if you find this helpful 👍
🐸
$btc update:
I know you bulls are not gonna like this, but did you know there is a count that would suggest W3 is done now and the rest of the year is for the bears?
And the count is pretty compelling
#btc
#bitcoin
$btc update:
Watch for those divergences on the daily.
MACD in the green with a bullish divergence. Imo there is room for one more lower low, but a significant bounce is imminent imo.
#btc
#bitcoin
$btc analysis:
Based on measurements and cycles my prediction for this
#btc
cycle top is 273k, with a pitstop at 105k.
I’m sure this will age well 👍
🐸
#bitcoin
$btc update:
The longer I look at
#btc
PA the more I think it’s going to make one last low. My bounce target is 38.2 - 37.6k.
The invalidation point of this impulse is at ~46k.
#bitcoin
#crypto
$ltc update:
Meanwhile
#ltc
is testing main TL once again.
I’m not doing anything until this resistance is broken, but I’m watching it closely, cause at some point
#litecoin
will melt faces once again.
#crypto
Strong team, solid fundamentals, great usecase, bright future.
It doesn’t matter. your favourite
#altcoin
will lose 85-95% next bear market whether you like it or not.
Not there yet though imo.
$btc update:
A very powerful tool to use.
Use retracement tool to extend the first move up/down. You will find the market reacts extremely accurate towards certain levels (0.5x, 1,5x, 2x etc).
One of the reasons why at the time I called for 15.5k to be the bottom.
🐸
#btc
$btc update:
Three fib levels seem to be very important in this main PF; 0.236, 0.382 and 0.887.
I’ll be watching for a backtest of the 0.236 fib after which I think
#btc
move down towards the 0.887 fib.
#crypto
#bitcoin
#btc
update:
GM champs ☕️.
Yesterday’s candle couldn’t close above the D21EMA. If today closes like this it would mean a second rejection of this EMA.
Now where have I seen this before? 🤔
🐸
$algo update:
Still waiting for
#algo
to make that next leg up.
Pattern is starting to look a lot like an iH&S pattern. Pattern and target will be confirmed once neckline is broken.
🐸
#cryptotrading
lesson 13: Breakout trading
Ever hear anybody say 'wait for confirmation before entering a trade'. What does that mean?
For those interested here I explain what I look for before entering a trade.
Lots of text so hope you like reading 🤓
happy tradin' 👍
#btc
$btc update:
Golden pocket it is. I expect a big bounce, but it is also the Last line of defence imo. If price gets below 58k thinks will be looking very grim indeed.
Bulls assemble ‼️‼️
🐸
#btc
#bitcoin
$eos update:
I know: not
#eos
again 🙄.
Yes, but this time the chart looks very promising.
#eos
printed a perfect impulse on
#btc
pair and all targets where made so imo its all systems go for some nice moves up ⬆️.
Let’s go 🚀
🐸
$matic update:
From an
#Elliottwave
pov this count makes the most sense to me. Both in time and subdivision it looks like
#matic
is still in Macro W4.
Yes, it needs to come down more, but the good news is that W5 target estimate is at $32
🐸
$nano update:
Very glad to see
#nano
move back into the yellow channel. Hope
#btc
can postpone a dump so that
#nano
can move comfortably above the TL.
#crypto
$btc update:
It’s Sunday so let’s look at the weekly candle that’ll close today.
Atm it’s a big bearish engulfing candle that usually signals further downside.
In the chart a couple of other engulfing candles. You can see what happened next.
#btc
#bitcoin
🐸
$btc update:
Im still confident we’re in a W4. The bounce off the 382 is promising although 42k would be a better target so not 100% sure this is it.
Impulse target still in between 100 and 128k
🐸
#btc
#bitcoin
$btc update:
Bears and bulls both wanting that pullback that may never come.
Here is my most bullish scenario where
#btc
just printed a 1/2 1/2 1/2 formation.
Just one of the many possibilities Atm, peeps 🔥🔥
#bitcoin
#crypto
$btc update:
It’s tough trying to make sense of this PA in EW terms, but I can see a triangle forming, which is preceded by a clear 3-wave pattern. I’m expecting the next wave to be up towards the D200EMA/range high.
#btc
#crypto
$btc update:
#btc
still following the plan. I expect one more leg up to golden pocket to finish wave B/X, followed by last big dump before halvening.
Potential target: 34-35k
I’ll buy big at that level.
🐸
$btc update:
Well, certainly looks like
#btc
is going down.
I think I’ve posted this impulse count a dozen times, but here it is again.
Target 🎯 at ~23k
🐸
I'm adding my
#cryptotrading
lessons 8 to 10 (new) on
#Elliottwave
theory, so they are all bundled in one tweet
Lesson 8: zigzags
Lesson 9: Triangles
Lesson 10: Sideways combo's (new)
Check them out and like or RT is you find these helpful
$btc
#btc
#bitcoin
#crypto
$icp update:
#icp
must be one off the nastiest looking charts out there. Nothing but downside.
But…
Price broke out of channel and if it bounces here next resistance is miles away
Just sayin’
🐸
$btc update:
#btc
at channel high. Not the location to be looking for longs imo.
I expect a break down towards target. IF price manages to break channel high then longs are back in the table.
🐸
$btc update:
Scenario time. Unfortunately my horizontal wxy W4 didn’t work out, but the W4 count is not invalidated yet it’s just shifted in time. 2 possible corrections in pic 1
Pic 2 is my doom scenario if price dips below 14k. Until then my primary is still pic 1.
🐸
#btc
$btc update:
Last three times
#bitcoin
was below 30 rsi, the daily made a bullish divergence before moving up.
Will this time be different?
#btc
#crypto
$btc analysis:
Even though I acknowledge this as a possibility I highly doubt
#bitcoin
will give us an exact copy of W2.
#elliottwave
rules say waves must alternate. So if W2 is a simple zigzag with deep retrace, W4 will probably be a horizontal, complex type correction.
#btc
$btc.d update:
I don't think
#btc
is done handing over dominance to the
#alts
just yet.
I expect new lows to be made perhaps by the means of an ED with the previous ATL as main target.
IF so
#altcoins
still have a nice ride to go 🔥🔥
#bitcoin
#crypto
$btc update:
With this dump the long lasting bullish market structure has been interrupted.
If
#btc
formes a following LH you can bet your ass we’ll see lower prices.
#bitcoin
#crypto
$btc update:
In my last update
#btc
reached range high as expected. This was the make or break point. as it stands now it looks like a clear rejection like the times before.
So looks like we'll see that final dip to 16k and 0.5fib
$btc update:
#btc
is at that point where in the past we’ve seen rejection take place.
However this time I think
#bitcoin
will break out of this descending channel. Still too early to be popping the champagne, but imo it has potential.
🐸
$btc update:
I think we’ll see some more boring PA for a couple of days before a larger move.
Up would be my expectation, but if we break support area then a big down is also in the cards.
🐸
GM my digital friends ☕️
My two scenarios for
#bitcoin
I’m watching today. The move up looks corrective, but I can get an impulse out of it (pic 2)
Notice that in both scenarios I expect price to rise first and then drop (W1/A & W2/B).The counts diverge at the golden pocket
🐸
$btc update:
it's always good to keep track of the current trend. Trends are found on every timeframe and it's when a trend is broken when you should be paying attention.
atm
#btc
is still in a bearish trend, but this can change if we break above current channel.
#bitcoin
$btc update:
The way things are going I think the 2017 weekly level will be tested once again.
For me this will be the threshold:
break means 16k is next,
hold and imo the bottom is in.
#btc
#bitcoin
🐸
#btc
I hate to be the one to promote the bearish count, but structure wise it sure looks like an abc
If we get a sharp drop that breaks 0-B line within 3 months, this will be confirmed
If price can break channel top the bullish count is highly favourable
Time will tell
🐸
#cryptotrading
lesson 14:
For those interested in
#elliotwave
theory, here my lesson on the impulse. I thought I'd already covered it but turns out I hadn't 🙂.
If you found this helpful plz like and/or RT
Cheers 👍
🐸
#crypto
#btc
#bitcoin
GM
#ct
let’s start today with some educational content
The difference between gambling and trading
In left example the ‘trader’ has a bias and hopes price to go up
In right example the patient trader waited for the market to confirm his bias before entering
❤️ & share 👍
$btc update:
Of course I see the bearish possibilities, but as long as bullish structure remains intact the main trend is up ⬆️.
Break of structure = looking for shorts 🩳
#btc
#bitcoin
$btc update:
If
#btc
is indeed making a next leg up now, I can’t dismiss the possibility that we’re still in larger W3.
If last correction was red W4 imo It should’ve taken longer.
Time will tell 🕰
#bitcoin
Here is how to draw your channels using
#Elliottwave
theory.
1st: after completion of W1&2
2nd: after completion of W4
Both can be used for good trade setups and target extrapolation.
Happy trading 👍
🐸
#cryptotrading
#crypto
$btc update:
Two scenarios Im looking at now. Price has reached the golden pocket so this has a good potential of bouncing higher. Whether this will form a W2 or a C wave remains to be seen.
#btc
#bitcoin
#crypto
$btc update:
Short term I expect one more move up. Atm it looks like a standard impuls with a 5th missing.
Target is 31.6k, but wouldn’t be surprised if price would spike up to hit that major resistance at 32k.
🐸
#btc
#bitcoin
$btc update:
Oh well, might as well be the first.
Pattern and measured target are confirmed after completion of right shoulder‼️ until then it’s just an option I’m watching.
🐸
#btc
#bitcoin
$btc analysis:
This is where I think we are in the market.
This means that I want to see this bounce from this point. IF it doesn't and we lose the W21EMA I might be turning more bearish long term.
#btc
#bitcoin
#crypto
$btc update:
My main two counts on
#btc
Atm. Both equally possible imo.
⭕️Invalidation of count
#1
at 53k
⭕️invalidation of count
#2
at 88k
Trade safe 👍
🐸
#bitcoin
#crypto
$btc update:
So how does this finished impulse down fit the larger picture. Imo there are several possibilities. Here are my more bearish ones where it is only an A wave (or even a w1 for the true bears). I’ll post my bullish counts later.
see which gets more interaction 😄
#btc
$btc update:
I hate to say it, but it looks like
#bitcoin
will make new lows. I’ll wait until the daily close (and tomorrow’s) for confirmation, but it might be time to shift towards a different view.
Here one I proposed earlier. 24k is a good target imo.
#btc
#crypto
$btc update
Here my current view on
#bitcoin
. I think current impulse is (almost) done. If 1 more wave down I think 24k is a good low target. However, imo this correction could go on longer and we might revisit the 20k mark
pic3 is a my most bullish count where we're done
$btc update:
Just adding confluence to my 23k bottom target
I present to you the W200MA.
Basically the bottom of all bear markets in this pic. A tough nut to crack.
As you can see
#btc
does tend to wick through it but it has always held. And where is this MA located?
🐸
$btc update:
Despite my bearish views on
#bitcoin
short term, I’m still expecting a 5th wave up to my 100 - 120k target 🎯
First
#crypto
needs to bleed a bit more though.
🐸
#btc
$btc update:
Overview of the counts I’m watching Atm. Bullish counts 1&2 basically the same apart from an E wave down.
‘Bearish’ count still possible although I’m favouring the bulls Atm.
#btc
#bitcoin
#crypto
$btc update:
I’m not buying this bounce for a second.
All I’m seeing is 5 finished waves with a missing correction.
If I’m wrong I’m wrong, but all my arrows are pointing down.
🐸
#btc
#bitcoin
$btc update:
Here two scenarios I’m watching st.
In both I expect
#btc
to bounce at the golden pocket. If this passes the next golden pocket with conviction pic1 is on, If it stalls then pic2 is on.
🐸
Be a part of the intelligent distribution channel ~
@VAIOT_LTD
by adding some $VAI to your bag.
Get the expertise of a Sales Rep + Analyst + Broker + Lawyer in one single
#AI
.
Product offering already live in
#Europe
🔥
~ DYOR
#PCS
#UNI
#KuCoin
#GateIo