I have a non financial 9-5 job. Charts, patterns and Geometry is my passion. I love doing Chart analysis in my free time #NFA# # Elliott Wave # NEO Wave # ICT
Honest Land
Joined October 2019
- Tweets6.6K
- Following466
- Followers2.2K
- Likes5K
Pinned Tweet
$BTC macro rough estimates using Fibonacci retracements and extensions. This thread also has details of the internals if you want to refer to it, plus my call for a 125K top months ahead. Most will again turn bullish on the coming rally—and that's natural—but having perspective in advance is always better IMO. This will be pinned for macro reference purposes
$BTC Macro Idea: Expanded B Wave - Running/Expanded C, likely expanded. I prefer WXY over ABC with an ending diagonal due to RSI divergence suggesting WXY upward. However, it’s not 100% reliable, so keeping an alternative ABC is wise. This is for macro/higher time frame reference; I’ll track lower and micro time frames separately and announce updates or changes as usual.
Humbling a disrespectful large account in under 24 hours feels more satisfying than the current profit from a Bitcoin short. Preaching and practical implications are two different things. This genius is rewriting the Elliott Wave Principle as EW 2.0, and people are buying into it 😂
Just checking on you in your most humbled state. How does it feel when simplification gets invalidated? We spent hours planning scenarios and adversaries because trading is never easy and cannot be simplified. You already failed with this disrespectful, overconfident comment on my chart. I don’t mind you selling snake oil to your audience, but you shouldn’t have disrespected my chart and knowledge gained over two decades. Elliott Wave is complex and will remain so; it looks even more complex to those lacking knowledge. Next time you pick a small account for benefit, check their track record first.
On Gold also note that this is the alternative way to count a WXY, results are same but path slightly different! This one will take slightly longer to complete and I have to check time factors on macro degree for this. I will share my MACRO plan this weekend.
Impulse of 3/C invalidated. Remaining alternative possibilities simplified here for easy understanding!
Alternative Wave 3 on top will not work on BTCEUR. In fact I always had my Wave 2 as a (Flat + Triangle combination) on BTCUSD but only recently noticed the BTCEUR pair, so just sharing with the Elliott wave community!
Dollar Index update: Likely Wave 2 or part of Wave 2 getting completed here!
I am making a correction to DXY here. Credit to @Psibirskiy catching that truncated bottom for the running flat C. So IMO it is likely a 1,2 1,2 for now!
Oil on the daily chart is getting squeezed at TL support. It needs to break the resistance above with strength. Daily momentum is clearly strong.
I cannot ignore the last 5 weekly candles and claim another leg for the expanded flat. Yes there is a possibility, but the probability is now very low. Given the wave degree, weekly is the most appropriate timeframe, and the candles clearly show the count.
Please ignore the last S&P 500 post, as the expanding diagonal is invalid. If it had to top, a truncation was possible as mentioned in this thread. The image on the left is futures, which did not truncate.
