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
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$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
$BTC Macro Idea: Expanded B Wave - Running/Expanded C, likely expanded. I prefer WXY over ABC with an ending diagonal due to RSI divergence suggesting WXY upward. However, it’s not 100% reliable, so keeping an alternative ABC is wise. This is for macro/higher time frame reference; I’ll track lower and micro time frames separately and announce updates or changes as usual.
Gold: usual mess of a count on 1H Time Frame from bottom, and these are my thoughts for now!
On Gold also note that this is the alternative way to count a WXY, results are same but path slightly different! This one will take slightly longer to complete and I have to check time factors on macro degree for this. I will share my MACRO plan this weekend.
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We should always keep the impulse primary when possible and alternatives secondary, so Bitcoin is near a level that could end the 5th or it is in first wave of an extended 5th.
The WXY scenario applies if bullish here; I avoid a triple zigzag as a double yields the same results.
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Not sure if you have issues with chart resolution when uploading directly from the TradingView app on Mac. Charts I uploaded were too distorted, but uploading from a browser looks better.
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$Gold MACRO weekly chart, as mentioned in the quoted post: this is my higher timeframe and macro view. It's the best I have, though alternatives exist. Long-term followers know I keep a main plan and adapt as data arrives.
For new followers, here's the thread where I tracked the recent Gold top: teapaw.org/LillyAnoop/status/2016…
Some accounts saying controlled selling!
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.
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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.
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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!
