The current price action of Bitcoin has changed my original projections for the entire crypto market. We hoped we would see impulsive price action off of the low. However, we did not. I'm not one to force an Elliott Wave count into something it's not just to meet a bias. The new count is actually more bullish, but I expect some downside in the meantime. I do, however, still … [Read more...] about Bitcoin Changed My Mind!
Exclusive Bitcoin Update
To be short and concise, I've changed my mind about the crypto market. What I thought was a 4th wave at primary degree has, in my new opinion, failed. Since we are failing to get impulsive price action off of the low, I now believe that the count needs to change. I am changing it in favor of a primary wave 1 count at the high and instead of a primary wave 4, BTC is finishing a … [Read more...] about Exclusive Bitcoin Update
Cardano is My Favorite Coin!
There's a reason why I call Cardano (ADA) my favorite coin. In my opinion, ADA is about to enter a wave 3 of 3 as demonstrated in this Elliott Wave Analysis Video. While we are most definitely dealing with the genesis of the coin, we can make some educated assumptions about that price action as we can very clearly see a 5 wave impulse to the current all time high of $3.16. … [Read more...] about Cardano is My Favorite Coin!
Member Exclusive Elliott Wave Update
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
The Unbreakable Rules of Motive Waves
Motive waves advance the trend of larger degree. Motive waves are always actionary and are always "fives". Each motive wave contains 3 actionary subwaves (1,3,5) and 2 reactionary subwaves (2,4). There are two motive wave patterns; impulse and diagonal. There are some rules that cannot be broken that govern all motive waves. Firstly, wave 2 cannot retrace 100% of wave 1. Wave 3 … [Read more...] about The Unbreakable Rules of Motive Waves