Trading is a game of chess Veteran Financial Trader | MSc Finance Creator of 'The Perfect Storm Index'™ Crypto • Elliott Wave 40+ years navigating market cycles

Brighton UK
Joined March 2013
#SOL’s decline has been sharp, but my preferred interpretation is an ABC correction, with an extended wave C reaching approximately 2.618 times wave A near $101. Bullish RSI divergence and the subsequent rebound support a potential low, although confirmation is still needed. I’m watching for five waves higher, then a corrective pullback that holds above the low. That would strengthen the case for further upside. Any staged accumulation on my part would stay within a predefined risk limit. Step by step.
37
6
350
18,877
Shorter term, the shaded pullback on the daily #BTC chart looks corrective. A higher price low alongside a lower RSI low adds hidden bullish divergence, supporting another push towards and potentially above the local high near $87k. Holding the recent low around $80k remains key.
6
4
40
2,279
This is a seriously interesting #BTC chart! The C wave = 1.618 X the A wave. Long held divergence built over time signalling local highs before the eventual ATH ABC appears the correct interpretation This does not fit a leading diagonal interpretation. Your thoughts please? Implications?
11
1
42
4,912
Could #XRP revisit its long-term rising support line? Highly unlikely but of course anything is possible. The weekly structure keeps that possibility open, but $1.00 support comes first. A sustained break below it would strengthen the case for a deeper retracement towards the trendline, currently around $0.50–$0.55. A scenario to monitor but step by step is the way to trade imo.
9
4
43
3,303
#BTC’s correction may be complete. Bullish RSI divergence and the overlapping decline from the local high support my preferred wave 4 interpretation. I favour a fifth wave push higher, with a break above the recent swing high near $84k adding confirmation. The correction low remains the key invalidation level for this immediate setup. Trade it step by step.
15
16
1
143
6,195
#ETH pushed lower over the weekend but held above the previous low, near the 2.618 extension of wave 1 or A. Bullish RSI divergence adds encouragement, although a reversal still needs confirmation. There’s a potentially attractive long setup while that low holds. A break below it invalidates this immediate setup and calls for reassessment. Trade it step by step.
6
5
47
3,645
Keeping the bigger picture in mind for #BTC. My primary scenario remains a final fifth wave push higher to complete the larger C wave, followed by a potentially sharp decline. Short term bullishness can fit within a broader bearish outlook. First, price needs to confirm that wave 4 has finished. A working count, not a certainty. Trade it step by step.
17
13
112
7,215
#GOLD offers a striking long term extension study spanning more than 50 years. On this chart, price reached the custom 6.272 extension near $5,630 before falling approximately 30% to its subsequent low. An impressive alignment, but extension levels are reference points, not guarantees. Price structure and risk management still come first. #XAUUSD
6
23
2,447
#OIL is on a tear higher, potentially adding another headwind for #Crypto. Sustained strength in oil can fuel inflation concerns and reinforce expectations of tighter monetary policy, an uncomfortable backdrop for liquidity sensitive assets. That may be contributing to crypto’s weakness, although it isn’t the only driver. The outlook can change. Watch the evidence and manage risk step by step.
9
4
31
2,127
#ETH has two competing counts. My preferred interpretation is an ABC correction with an extended C wave. The 2.618 × A projection sits near $2,319, although C could finish short of it. The alternative is a bearish 1–2–3, with the bounce forming wave 4 before another decline. A sustained break above $2,630 would favour the corrective interpretation. A fresh low would keep downside risk active. Trade the developing structure, manage risk and remain open to both.
10
7
54
3,707
My working count is that the decline from the #BTC high shown is an ABC correction forming wave 4. If correct, a wave 5 rally should follow, but confirmation is still needed. For now, I’m keeping my powder dry over the weekend. Thin liquidity can amplify price moves when unexpected news hits. Trade the evidence, step by step.
7
5
1
65
4,315
#SOL may be setting up for a strong rally. The initial five-wave rise is encouraging. If an ABC pullback holds above its origin, the bullish setup remains valid. Confirmation first, then manage the trade step by step, trailing the stop as structure develops to reduce risk and potentially protect profits.
12
6
55
4,576
#SOL turned right on the wave 5 label we posted earlier in conjunction with the Bearish divergence signal All set for another push higher soon dca time for me
4
4
39
3,041
Closing all positions for now. Keep powder dry over weekend
8
418
Following the earlier #SOL setup near $101, the 15-minute chart now shows a potential five-wave advance, with wave 3 reaching approximately 1.618 times wave 1. Once wave 5 completes, I’ll watch for a three-wave pullback that holds above the starting low. That could offer a long setup, provided the risk/reward is favourable and the structure remains valid. Encouraging early evidence for the corrective-low scenario, but not yet confirmation of a larger reversal.
12
519
#ICP may have completed its ABC correction, with bullish RSI divergence supporting a potential turn higher. Wave C came close to matching wave A in length, adding weight to that interpretation. I’m watching for an impulsive advance and a corrective pullback that holds above the recent low. That would strengthen the case for a move back towards and potentially above the $3.55–$3.60 highs. A promising setup, with confirmation still needed.
4
10
110
4,162
The overlapping structure keeps my preferred #BTC scenario intact: a correction from the local high near $87k, followed by another push above that high. That remains my bias, rather than confirmation that the correction has finished. A further dip could offer an opportunity for staged accumulation, provided the structure still supports the count, with a predefined limit on total exposure and clear invalidation. Step by step.
8
2
49
3,319
#Crypto is a distinct asset class, but it doesn’t trade in isolation. Inflation, interest rates, liquidity and geopolitics all matter. #OIL is part of that picture: a sustained rise can add inflation pressure and reduce the scope for monetary easing. Oil’s Elliott Wave structure is challenging, but my tentative preference is an impulsive advance from the recent low. If that count develops, further oil strength could become another headwind for #BTC and wider risk assets. On the other hand, this move higher could be WXY correction, in which case Oil should soon drop impulsively which would be +ve BTC, so im watching OIL closely for clues A risk to monitor, not a guaranteed chain reaction.
5
2
23
1,255