Nology
Nology
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As I spent a few hours on the charts tonight, pretty much most are acting to expectations.
I expect a final wave up that should finish this weekend earliest, mid to late next week at the latest.
The thesis is the same - that we enter into consolidation. August should be boring.
After which it should be up and up only for some time. I'm talking successive weekly green candles that we haven't seen in years, since 2020.
That is the thesis and that is how I'm allocating my shorts and longs.
Good Luck Degen and Good Night.
Until another day.
I expect a final wave up that should finish this weekend earliest, mid to late next week at the latest.
The thesis is the same - that we enter into consolidation. August should be boring.
After which it should be up and up only for some time. I'm talking successive weekly green candles that we haven't seen in years, since 2020.
That is the thesis and that is how I'm allocating my shorts and longs.
Good Luck Degen and Good Night.
Until another day.
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Powell is a genius come on guys.
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Strange. I'm trying to make sense of the various charts I look at.
I read at least a (3) and (5) left for $BTC.
Select #Altcoins# # are showing that wave 2 can be done and they're starting a larger degree 3 now.
Which would signal to me select #Altcoins# # are going to do much better in August than # Bitcoin while some follow $BTC wave structure for now.
If that is the case, then $BTC.D is going to tank further. 🤔🤔
I read at least a (3) and (5) left for $BTC.
Select #Altcoins# # are showing that wave 2 can be done and they're starting a larger degree 3 now.
Which would signal to me select #Altcoins# # are going to do much better in August than # Bitcoin while some follow $BTC wave structure for now.
If that is the case, then $BTC.D is going to tank further. 🤔🤔
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#MultiversX#
Undecided on whether I'm going to hold or just trade #EGLD# , but structure wise it feels like a bottom on the longer term.
#Altcoins# like this make me wonder if there are two classes, one that rages upwards, and some that do just ok.
If it does not go into a macro three, it at the very least begins the wave 1 that starts the macro 3.
But for the rest of the year my point of view on $EGLD goes something like this.
The orange scenario for me is preferable but I won't be unhappy with the white scenario either.
Conclusion of the wave is either $50or $89 as measured with an
Undecided on whether I'm going to hold or just trade #EGLD# , but structure wise it feels like a bottom on the longer term.
#Altcoins# like this make me wonder if there are two classes, one that rages upwards, and some that do just ok.
If it does not go into a macro three, it at the very least begins the wave 1 that starts the macro 3.
But for the rest of the year my point of view on $EGLD goes something like this.
The orange scenario for me is preferable but I won't be unhappy with the white scenario either.
Conclusion of the wave is either $50or $89 as measured with an
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A bit higher, then flush it.
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I've added to my longs.
I'm breaking my rule here out of greed, but I think we have decent momentum.
It'll mean I exit all of the positions if we reach the local top and I'll short a bit harder than normal.
I think we're shaping up for a good weekly close for almost everything.
Good Luck.
I'm breaking my rule here out of greed, but I think we have decent momentum.
It'll mean I exit all of the positions if we reach the local top and I'll short a bit harder than normal.
I think we're shaping up for a good weekly close for almost everything.
Good Luck.
LL-1.15%
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Ybaser
:
HODL Tight 💪:A note on triangles on EWT because I see a lot of them now floating around CT.
1) It's the hardest to anticipate and many can see a triangle before it starts- which is one reason I stay out of wave 4's.
2) That's the other point, they are mostly wave 4's and I stay out of unless I can catch a long at wave A.
3) I see them applied incorrectly all the time
4) I typically see a contracting and barrier triangle the most.
1) It's the hardest to anticipate and many can see a triangle before it starts- which is one reason I stay out of wave 4's.
2) That's the other point, they are mostly wave 4's and I stay out of unless I can catch a long at wave A.
3) I see them applied incorrectly all the time
4) I typically see a contracting and barrier triangle the most.
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Well here it is.
Targets are out and tons of questions have come about, "When is it bottoming?" "How much time do I have?", "So Q3 or Q4 top?" "You're crazy, no way"
Look I get it, most of these questions are natural to ask, but I'll be very blunt, these are questions where you are asking me to press buy and sell for you. In some cases, my interpretation is right there on the chart.
So here are some resources and ways to think about how to position yourself, because this is my line of thinking now and how I will approach #crypto.
And reminder, I've been super accurate and I have missed
Targets are out and tons of questions have come about, "When is it bottoming?" "How much time do I have?", "So Q3 or Q4 top?" "You're crazy, no way"
Look I get it, most of these questions are natural to ask, but I'll be very blunt, these are questions where you are asking me to press buy and sell for you. In some cases, my interpretation is right there on the chart.
So here are some resources and ways to think about how to position yourself, because this is my line of thinking now and how I will approach #crypto.
And reminder, I've been super accurate and I have missed
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$VELO [Long Term Update]
Remember my old pinned tweet on price structure and my saying #NotallAltcoins# ?
It's important to underscore here as I look #VELOPROTOCOL# .
Because I personally cannot find an impulse wave through the entirety of PA. If you think there is one I'd love to see it, because the one I can find doesn't measure up at all.
#NotallAltcoins# was a way to help folks determine which coins would top out earlier than the rest because of the corrective structure they've shown over the long term.
This is in contrast to the longer term impulse waves that I think will survive fo
Remember my old pinned tweet on price structure and my saying #NotallAltcoins# ?
It's important to underscore here as I look #VELOPROTOCOL# .
Because I personally cannot find an impulse wave through the entirety of PA. If you think there is one I'd love to see it, because the one I can find doesn't measure up at all.
#NotallAltcoins# was a way to help folks determine which coins would top out earlier than the rest because of the corrective structure they've shown over the long term.
This is in contrast to the longer term impulse waves that I think will survive fo
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Some of my longer term macro targets have been revealed.
And I have to say I'm still very uncomfortable sharing them.
Why? We still need to clear certain levels for me to have confidence.
If I ball park it, I say I have 60% confidence in everything I've communicated to you.
Confirmation would get me to 85%-90% give or take 5-10% direction on price.
I've told you for a very long time, those that have followed me for a while know, some of these targets I don't believe myself. (They're too crazy)
And I have to say I'm still very uncomfortable sharing them.
Why? We still need to clear certain levels for me to have confidence.
If I ball park it, I say I have 60% confidence in everything I've communicated to you.
Confirmation would get me to 85%-90% give or take 5-10% direction on price.
I've told you for a very long time, those that have followed me for a while know, some of these targets I don't believe myself. (They're too crazy)
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