In this update, I go over why I think probability favors that the BTC bottom is in. We appear to have a five wave impulse off of the low of 17,500. Could it turn into a bigger three wave move? Certainly. However, given the macro wave 4 count we've been watching for quite some time now, it seems most reasonable, the we have, in fact, seen the bottom. We are simply biding our … [Read more...] about Member Exclusive Elliott Wave Update
Fibonacci
Member Exclusive Market Update
Today I go over what we are looking for to find a market bottom. All signs point to the market being very close to a bottom. We need more than just a price and a hunch to let us know we have found a bottom. After we find the bottom, it must be confirmed. Then and only then is it tradeable. … [Read more...] about Member Exclusive Market Update
S&P 500 Elliott Wave Analysis
The most probable course of action for US Stocks and the S&P 500 is to continue the stock market crash. There's no question in my mind now that the S&P 500 has printed a primary degree wave 1 back in December of 2021. Everything after that is an exercise in counting a moderately deep second wave. So far, I have the probable count as being a double zigzag for wave 2. It … [Read more...] about S&P 500 Elliott Wave Analysis
June 7th Member Exclusive Market Update
In this update, I go over current Bitcoin price action along with a short update of the S&P 500. From a probability perspective, it appears Bitcoin is topped out again. The relationships between waves appear to be too skewed to be putting in a higher high right now. There's a lot to unpack in this video. I go over price action, Elliott Wave count, momentum analysis, and … [Read more...] about June 7th Member Exclusive Market Update