jackrabbitrage

jackrabbitrage Updated 

If the chart is forming an Elliot impulse wave, and the sharp drop last week was the third wave of it, we will see the fourth wave correction and arrive at the short-term target of 135.0. As detailed in the related idea linked below, I would see an elongated range formation, and it could take years for the yen to recover its original level. Pitchfork. the...

jackrabbitrage

As we predicted in one of our scenarios below, the chart seems to complete an Elliot impulse (its first wave could be a non-standard impulse or a diagonal). Because this chart respects Gann Square and arcs, the fifth wave will likely land around 135. This also fulfills one of the standard extensions of the H &S downfall, i.e., FE2.000. Possible next...

jackrabbitrage

Just speculation. This chart seems to respect Gann Box, Gann Square, and Arcs as depicted. If so, Gann 1 x 1 would exhibit a significant resistance at the 17400-17700 level. If so, an Elliott wave theory's Bearish (expanded) flat could form. Again, this is just speculation- for a more orthodox analysis, see my previous ideas linked below. Hate comments...

jackrabbitrage Updated 

BTC may be climbing up along the steep trendline. Watch aqua color, yellow and green lines, plus the bottom line of the rising wedge (red). These are the supports. Based on the Elliott-wave scenario of the related ideas. Consider another short entry if the support lines are broken.

jackrabbitrage

Short-term bull market with the inverse H & S -like market structure. It seems a corrective wave with a three-wave structure is about to complete. I'd like to see how the gray trendline will play out. The theoretical target for IHS is around FE2 or even higher, but be cautious of it ending up in a bull trap... I would short at major FE resistances of 17350 and...

jackrabbitrage Updated 

I have presented some ideas where this downtrend is interpreted as Elliott's triple zigzag (WXYXZ) (see also links below). So let's continue the speculation. If the Z wave of it is now developing, it would have, by definition, a three-wave zigzag structure (WXY as presented, but ABC also possible) comprising 3-3-3 waves. No wonder this chart begins to...

jackrabbitrage

This is a clean version where Pitchfork is removed. For details, please look at the idea I've included below. For some people, this could still be nothing more than a messy chart. So if you think, "where on earth could this chart be clean?" please don't say it...

jackrabbitrage

This is supplementary/alternative to my previous idea. Examining the internal waves of my presupposed "impulse," I realized some counts might mismatch Elliott's Law. Instead, this move may form a corrective wave, e.g., complex correction (WXYXZ, Gray) or Diagonal Triangle (ABCDE, red; could be longer if with a thrust). The chart would be self-explanatory, but the...

jackrabbitrage Updated 

The chart would be self-explanatory. Here we are rebounding from FE 0.886. I marked 1.000 and 1.114, respecting the H & S. This article is tagged as "short," but beware of possible extensive upside moves. Better be cautious until the candle crosses down the arcs' crosspoint (at least in a lower timeframe). By the way, this is an update for my most notorious...

jackrabbitrage Updated 

Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints. In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the...

jackrabbitrage Updated 

With the crypto exchange's asset liquidation plan flowing as FUD, the BTC chart, which looked strong, looks fragile. Technically, a Bullish Dragon (green)' s TP (21700) has almost been (but has yet) reached, and BTC is on the path to test the support of another giant Dragon (blue). Dragon patterns (often simply wedges), large or small, bullish or bearish, their...

jackrabbitrage Updated 

Some errors and issues in precision are addressed. No change in fundamental concepts. The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the bullish move after the breakout. Long until December, and maybe short (in January) at...

jackrabbitrage Updated 

The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the actual bullish move. Long until December, and maybe short (in January) at 33.5k-34k. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view...

jackrabbitrage Updated 

As we predicted, the bearish dragon pattern (red) is unfolding to pull the price down to approx. FR 0.786, almost the bottom of the pennant (gray). If it breaks, what's the next target? Because Gann Square works well, we could focus on its crucial component - two Gann Fans 1 X 1 (blue). Interestingly, the crosspoint of the two Gann Fans coincides with the FR...

jackrabbitrage Updated 

On top of what could be a relief rally or a tentative bull run, a Bearish Dragon Pattern is unfolding, with active OI in Binance rapidly decreasing (indicator pane). Typical TP is FR 0.786, but if it breaks the channel and re-enters the pennant this time, I'd like to point out the possibility of passing down through it to reach, e.g., 1.272. The green ark would...

jackrabbitrage Updated 

This is just a sketch. BTC is at the intersection of the arcs. It seems it's confined within. As always, meaningful moves would be after CES a couple of hours later. If the Gann Square works as expected, the more straightforward direction for BTC to go is down. In addition, the bearish dragon pattern of my previous idea hasn't unfolded completely. I have been...

jackrabbitrage Updated 

This is supplementary to my previous idea. If you don't like Gann Square and Arcs, ignore them, or skip this article. But how about the case where this upside was merely a fake out of the pennant? In the previous idea, I introduced a bearish scenario with an Elliott-wise impulsive movement. Considering the arc S&R, or the overall diagonal movement, it could also...

jackrabbitrage Updated 

Just an idea. Nothing major has changed from my previous ideas (a slight correction was made on the wave count). If this scenario plays out, we could short at around 20800 (-21200). Note: In this hypothesis, we are in the first corrective wave 2 (ABC) of a final, impulsive wave C (12345) of a zigzag (ABC) being the last componenet zigzag Z (ABC) of the whole...