24KCrypto

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24KCrypto

24KCrypto

@24KCrypto

Elliott wave theory | No paid group | #BTC #ALTS | Not financial advice | Personal opinions only | Do your own research |

Cape Town Beigetreten Ağustos 2018
298 Folgt5.4K Follower
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24KCrypto
24KCrypto@24KCrypto·
Really excited to share that I've written a book! It's called The Elliott Wave Trader's Playbook, and it's a practical guide that brings together everything I've learned about wave patterns and Fibonacci strategy over the years. My goal was to create the clear, no-nonsense guide I wish I'd had when I first started. Hope it can be a helpful resource for some of you. You can find it here if you're curious: amazon.com/Elliott-Wave-T… #tradingstrategy #ElliottWave #TechnicalAnalysis
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24KCrypto@24KCrypto·
@thesecondrei1 EW for structure. Confluence with fibs, levels and momentum.
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24KCrypto
24KCrypto@24KCrypto·
#Bitcoin #BTC Revised HTF count The earlier idea of this being w2 of 5 no longer holds up. The expanded flat dragged on too long and pushed too deep to stay valid at that degree Proportionally it fits better as a larger W4 running flat for $BTC x.com/24KCrypto/stat…
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24KCrypto@24KCrypto

#BTC #Bitcoin My HTF $BTC count hasn’t changed but I’ve revised wave 5 of the final 5th. The previous ending diagonal always looked a bit forced (especially subwave 4 of C of wave 1 within the ED). I still lean toward a larger extended wave 1 but I’m now considering a standard impulse where subwave 1 of the final 5th unfolded as a diagonal. This adjustment accounts for the strange proportions in the prior count and keeps the structure cleaner going forward. A deeper wave 2 of 5 correction here would throw a lot of people off but it would still fit perfectly within this count. x.com/24KCrypto/stat…

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24KCrypto
24KCrypto@24KCrypto·
#Bitcoin #BTC $BTC playing out largely as planned. Imo larger W4 bottomed roughly 2 months ago and unfolded as a complex correction resembling a running flat. W2 of 5 close to completion. Once W3 of 5 gets underway, I expect conditions to turn frothy. x.com/24KCrypto/stat…
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24KCrypto@24KCrypto

#Bitcoin #BTC Revised HTF count The earlier idea of this being w2 of 5 no longer holds up. The expanded flat dragged on too long and pushed too deep to stay valid at that degree Proportionally it fits better as a larger W4 running flat for $BTC x.com/24KCrypto/stat…

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24KCrypto
24KCrypto@24KCrypto·
@raj2020unique Structure and proportion support the same degree. With W1 extended, W4 fits well in depth and time relative to W2. Labeling it lower degree breaks the structure for me.
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raj2020
raj2020@raj2020unique·
@24KCrypto How do u decide to conclude the pull back u marked as iv as that degree instead of further lower degree. Pls clarify thanks
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24KCrypto@24KCrypto·
@tonitrades_ Agreed on the catalysts. Whether the extension ends up in W3 or W5 remains to be seen.
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toni
toni@tonitrades_·
@24KCrypto The W3 extension is where it gets interesting. Watch the CME gaps and options expiry clustering - that's where the real momentum triggers hide.
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24KCrypto@24KCrypto·
I get the pattern but we’ve only had a handful of cycle tops and all the halvings have happened in even years. The tops came when liquidity and demand peaked afterward, not because of the calendar. With halvings increasingly priced in and macro liquidity playing a bigger role now, I don’t think an even year rules out a top.
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Mike Fer
Mike Fer@george_linch·
@24KCrypto There are no bullish cycles in even-numbered years; the peak was in October.
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Cristian Chifoi
Cristian Chifoi@ChifoiCristian·
@24KCrypto Let’s see if our makers are cruel enough to pull this off
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24KCrypto
24KCrypto@24KCrypto·
I see what you mean now. I don’t see this as subwave 4 though. The structure doesn’t subdivide well as a zigzag (especially if A is a diagonal), and wave C doesn’t look impulsive within that correction. Extending it further would also skew the time proportion vs wave 2. That’s why I still have the larger wave 4 already complete. Let’s see.
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jack_roy
jack_roy@jackroy49670·
@24KCrypto My view on btc TF weekly. We are still in wave 4, the potential for wave 4 is at Fibonacci 0.382 because after touching the 0.382 area, it immediately received strong selling pressure. Wave 4 limit to 0.618 (very crucial area)
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24KCrypto
24KCrypto@24KCrypto·
@jackroy49670 Not quite. Weekly wave 4 already completed a couple of months ago imo. This is wave 5 playing out.
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jack_roy@jackroy49670·
@24KCrypto Are we forming wave 4 on the weekly TF and then being slammed back towards wave 5?
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24KCrypto
24KCrypto@24KCrypto·
@nds2888 Good question. The slope isn’t an EW rule but since wave 1 was extended in this cycle (imo), wave 5 often becomes a parabolic blow-off. It’s the proportions that matter, not the literal angle of the line.
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Finidi_George
Finidi_George@nds2888·
@24KCrypto Quick question for the initiated: Besides the length of the waves, is their slope also important?or is it just a sketch? I can understand the length of w. 5, but I find it hard to believe it rises as fast as the chart indicates. Thanks as always!
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24KCrypto
24KCrypto@24KCrypto·
@nds2888 True, the structure was tricky for a while but the updated view hopefully simplifies the macro structure. The running flat makes everything seem to line up properly again.
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24KCrypto
24KCrypto@24KCrypto·
@atom011097 Exactly. As a larger W4 running flat, it fits the proportions and rhythm of the macro count much better. The next few weeks should make the structure clearer.
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97 atom@atom011097·
@24KCrypto Interesting take on the HTF count, makes sense how the expanded flat could throw off the initial w2 of 5. Curious to see how this W4 running flat plays out.
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24KCrypto@24KCrypto·
Nothing changes the broader outlook, just refining the structure as new data comes in. Proportionally and structurally it makes far more sense, especially given how BTC behaves in late-cycle corrections.
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24KCrypto@24KCrypto·
That interpretation misses the internal structure of the October move, so it can’t be a regular impulse. That drop + retrace forms a clear zigzag in your count, which can’t fit into a standard impulse. That’s why I’ve been leaning toward a diagonal, it accommodates that structure cleanly.
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Mariusz
Mariusz@Mario1mil·
@24KCrypto IMHO.....this "leading diagonal" is misleading majority of people. It only seems to look like a leading,but in reality it's a regular impulse. And I would count it this way🤔 Regarding current PA we will see,because if the 5th Nov low will hold we could see a triangle in w4🤔
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24KCrypto
24KCrypto@24KCrypto·
#BTC #Bitcoin W2 played out perfectly as an expanded flat with C completing cleanly before reversal. Some analysts used the $BTC/USDT chart but the deeper wick came from USDT briefly decoupling from USD. BTC/USD gave a cleaner, more accurate read imo. x.com/24KCrypto/stat…
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24KCrypto@24KCrypto

#BTC #Bitcoin Got some heat for mentioning this pullback but price seems to have validated it nicely. W2 of 5 unfolding as expected for $BTC. Structure fits well as a flat, though it's still unclear where this final impulse completes to finish C. x.com/24KCrypto/stat…

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24KCrypto@24KCrypto·
Looks like I was a bit early on that call. W2 wasn’t quite done yet. It’s still unfolding as a flat with C likely forming as an ending diagonal now that lows have been broken. Structure still aligns with the broader count though. Either a single flat or something more complex.
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