urbangoose

urbangoose

Mini altcoin season over? I think we are about to see a record high amount of liquidation within the next few months. This is not going to sit well with a lot of people I suspect.. Even if the count is technically correct, I suspect many will not see it as probable. This is a bias based on not just Elliott waves, but internals of S&P and NQ looking week despite...

urbangoose

The local wave X (or A) from April 8 low seems to have finished at $2790 on May 28th. Now looking for a retracement (wave Y or B). Locally, 0.382 Fib level at $2250 provide an interesting level for counter-trading, and I'd be looking for sign of local strength for a short-term long position. I'll start looking for sign of strength at 0.5 level ($2087), but in...

urbangoose

Local structures (not shown), in confluence with Bitcoin and S&P counts, make it more likely that we're in the x wave of w-x-y-x-z that started March 2024. If it plays out the triple zigzag, I expect the move to play out till end of 2025, possibly middle of Fall to end of the year. Time-wise, that'll put it at around 1.382 Fibonacci extension from the 2019-2022...

urbangoose

Bullish outlook. There's a chance that the impulse wave 3 may become C and top out at 200 daily MA. But, for short-to-medium outlook, I'm biased to being bullish strictly looking at Elliott Wave counts, $DXY, oil, commodities, equities, gold, order flows, etc. (i.e. the charts) despite the dire macroeconomic outlook on inflation, recession, the war, China housing...