slybeak

slybeak

Cardano may have found a bottom. It needs one more small wave up to make 5up. In order for this to work, it requires an assumption of a very high (b) of (2) wave and/or a diagonal assumption. Diagonals unfortunately aren't very reliable, so I still have some skepticism about the larger degree correction being done.

slybeak

If this has just been a larger 1-2 setup, oil futures project to > 160. What no one has been mentioning, is that Russia supplies > 200k barrels of oil per day and that the New York harbor is a major hub for the NE US. With sanctions and prices, the Colonial pipeline simply isn't able to make up this deficit....not to be alarmist, but some analysts I highly...

slybeak

Got to the confluence of three fib projections overnight (box in the box, in the box). It might need one more small iv-v to the 0.89 area, but the count looks very full. Longterm target is $6-7

slybeak

ES: after the initial 5 wave move down, price provided several ideal points to short. It looks like the heart of the move is nearly complete, but still needs a few 4-5s to finish this off. It is projecting to the 4286-4370 range. If that proves to be the bottom, it sets up for a larger run to 5100+

slybeak

Looks like it topped in (iv) and still projects to slightly less than $1. Lots of confluence there as marked on the chart.

slybeak

If ES can breakdown a bit further below 4560, it opens the door to be in the iii of (iii) of circle iii wave down. From there it would require a few sets of 4-5s in order to ultimately land in the 4289-4337 area. As unlikely as that sounds now, it would then setup a run for 5000+ over the coming year, which would be a great swing trade.

slybeak

ES is at at very important inflection point. As part of the larger count I have been tracking to get to 4850, the only way to get there now is as a diagonal for the last wave up. As a diagonal, it should be 3 waves (black abc) count. If price undercuts the (b) support box and gets below 4611, it already may be in a third wave down that ultimately targets...

slybeak

Cardano has 3 fib projections that have confluence in the 0.9-0.97 range 1) retrace of the larger impulse: topping in 3 at the 1.618 normally gets a retrace for 4 to the 1.0-1.236 fibs (largest green box) 2) retrace of for 4 is typically 0.236-0.382 of the move from 2-3 (medium size box) 3) The fib projections of the v of (v) of c of 4 (smallest green box)...

slybeak

ETH looks to have found support late on Dec 3 and is now working on an impulse up. There are two critical prices to overcome: 4380 (the 0.764 retrace from the breakdown) and 4265 (the 1.0 of the potential impulse up). If it fails to break over this and instead falls back below 3825, lower lows are likely coming.

slybeak

Crude oil futures got what looks like a local low and is starting to bounce. The next question to answer is this a (B) wave or start of a new impulse. Unfortunately, if it is a B-wave, it is within a larger 4th wave. Both the (B)-wave and 4th wave have the most variability of any of any of the degrees. B-waves can also extend up to the 1.236*A, which would put...

slybeak

Crude oil futures have been playing out beautifully for log-based elliott wave. Price looks to have struck the bottom of the breakout pivot and is now going up. The release of SPR today is a farce. It was something that was already part of the 2015 and 2018 Budget plan. What was released today was also 'sour crude', which is high in sulfur and more expensive...

slybeak

Bitcoin looks to have bottomed in wave (3) of ii. The current move up is targeting the red (C) of (4) in the 60700-61900 zone. If it can get through there, it has already bottomed. If not, there is a setup for one more low to the 51400-54500 area as a bottom in (5) of ii. From there, need to see a impulsive wave back up, that would target the 87000 are for the...

slybeak

Pretty amazing to see how sentiment is at tops and bottoms. Seems you should buy when the calls for crashing are loud and sell when speculation starts about how long it takes to go to the moon. PlanB is enemy number one on Twitter right now it seems. Makes me think a bottom is in.

slybeak

Using the March 2020 as the low, there won't be a meaningful top until likely > 100k. Right now it is pushing the 0.764-1.0 resistance for the last leg up. The indicator is a stochastic for many different timeframes on one plot (blue = 1D, green = 2D, gray=3D, orange=5D, black=8D). When they are all headed up, that is a clue that price pressure is up (vice...