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We could be setting up for a classic deep ABC pattern here. Since my last post of a WXY count, it seems that we instead finished a 5 count as previously shown: Since previous low, price has formed a convincing ABC correction to where we sit now. No move down is technically confirmed just yet but there's certainly an increasing probability day by day that this...

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Shown is an overlay of Bitcoin's previous top ~$69k. We are showing very similar price action of a wide, heavy range at highs, with the micro lower highs on the underside signalling a continuation / blow off top spike is possible. Product supply is increasing from several refineries opening from maintenance alongside seasonal demand, allowing for the current...

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Guidelines state the equal extension of 1 is the most common wave C; however, given the current economic environment, a 1.618 extension of wave A may be plausible target. Given the swift breakdown seen yesterday, it is also plausible that we have commenced wave 3 of the greater wave C down, therefore opening up the possibility of the scenario shown. 1.618...

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Here we see a very similar breakdown to the previous idea I posted. It is plausible, following the breakdown in the past week, that we are entering the next downside phase. This is a schematic of a WXY (commonly known as a double zig-zag) with a target of 1 fib extension of wave W @ 3141.0, a usual target for this type of wave. Potential target options are also...

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ZILUSD is showing potential cup & handle structure. Since March 2020 we have seen a wave 1-5 up to ATH, with an almost year-long ABC correction from May 2021 onward. From the base of C, which is the 0.382 fib level of wave 1-5 (shown as 0.618 on the chart for target extension purposes above), we've had a large volume move, From Elliot wave theory we may deduce...

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XMR is presenting a long term favourable bullish structure. Technicals: Volume has increased into and during the handle, conforming to pattern expectation. Triple bullish divergence on RSI (indicating a significant decrease in downwards momentum), which has the potential to close above 50 this week - indicating momentum passed equilibrium point in terms of...

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DXY has broken the local double top and penetrated the area of interest, as well as making a structural higher high close on the 3D chart. We have also seen DXY seasonal strength start to kick in right where expected from the previous idea. We must respect the notion that a double bottom scenario may be confirmed here, as well entering back into the larger...

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For my own educational purposes, I decided to dive deep into the count of this potentially formed wave Y of the expanded flat correction: As I have recently been studying Elliot waves, this most recent correction had caught my eye as something I hadn't observed in real time yet - an expanded flat on a high TF scale. The Wave Y shown has a distinct 1-5...

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Quick M15 sketch of possible counts coming into the end of what could be a running or expanded flat correction. Running flats fall short of the W wave, while expanded flats have a tend sometimes to extend to the 1.618 of the X wave.

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Updating the fib on the harmonic following the weekly closing as a doji. If the harmonic were to come into fruition, now would be the perfect time.

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Quick sketch of a potential 3-3-3-3-3 wave for future reference.

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We may now be in the final phase of the harmonic butterfly, which is a retracement to the 0.5 - 0.618 fib area of CD for an initial motive down wave. Since my last DXY idea, direction was as expected but more volatility than predicted. We made a higher low then continued on the ping the 0.5 retracement of the macro wave. Consequently, this led to concluding the...

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LINK is potentially in a diamond formation on the lower timeframes. The volume signature is consistent with expectation of the pattern. Measured price targets for confirmed, perfect breakout are shown for either side (~6.5%) This pattern follows on from an ascending triangle breakout, which has not yet hit its measured price target. BBWP is at the lows...

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Downwards breakout price target for ascending triangle was hit. We are now potentially breaking out of this local wedge formation. The price could be taking the form of a double three combination correction, which consists of two ABC waves (W & X) followed by a final complex correction wave (Y). If this becomes local bottom, it may confirm larger correction wave...

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Potential Wolfe wave in play here. Target is yellow box by the time of the orange line. Technicals: Pattern formation matches schematic. Bullish divergence on RSI, indicating the bearish move may be slowing down. BBWP at lows. Significant engulfing on decent volume, especially for the weekend. Yellow capitulation signal indicates it may have been a bear...

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Every time we've had a large upthrust candle paired with a yellow capitulation volume signal, BTC has needed some time to cool off and shows some sideways movement. We could be rhyming this same reaction here. However, we are poised slightly differently than the previous 2 examples - BBWP is not yet reaching peak levels, indicating some more volatility could be...

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Simple head & shoulders setup. Technicals Aggregated volume across exchanges increased inside the handle. RSI trending strongly in the bullish control zone. BBWP is low, with the moving average slowly trending down. An increase in volatility will be primarily shown by the MA gaining a positive slope. Measured price target for a perfect breakout is...

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Tracking a seasonal change in Dollar strength that often occurs around this time of the year. Mid to late October or November, we usually begin to see some loss of strength/momentum in the dollar. In this particular case, the DXY has also rejected off the 38.2% retracement, to be confirmed with a closure below 93.678. Noticeable intra-period action is also small...