Thanks ym, appreciated.
Several little tidbits.
- Lot of negative comments of recent re crypto. Good sign. I don't think it is going away, but that is my opinion. What we may have seen is the precursor to a nutzo move up.
- Investorplace.com hot shots have been pumping crypto like no other of late, a sign bottom is not in? Imo they can't read charts very well, been pumping a lot of other losers as well.
- I think we may be seeing some divergence in Mara, Riot and Clsk relative to bitcoin. Pretty decent drop in bitcoin, dumps in the stocks have been less than expected maybe?
- Check your p&F and relative strength stuff.
I am sticking with my count on Clsk. Riot may be the same count. Mara is different. Mara I think is still in 3 down, the 4 and 5 will probably be very short in time. No big deal. Just opinions.
Clsk count:
- My 1 down is a 5 wave sequence, large in magnitude short in time.
- My 3 down is another 5 wave sequence, much longer in time.
- My 4 does not break any counting guidelines, it does not retrace above the bottom of the 1. It should not, but in volatile things like PM's sometimes you have to bend the rules a bit.
- There are no rules on extended waves, extensions mess up the counters. My guideline is that one wave always extends. and then quite often one wave within that extension extends. These are minimum guidelines. This is what has happened with Clsk (imo). I think the 5th is an extended wave, and the vth of 5 down is extending. Looks like that gap will be filled.
- When waves start extending, and the count is in the 5th wave, then end is getting closer. In this case possibly very close in price.
Clsk, Mara, Riot ... other things.
- Heavy into this time cycle chit these days. Sometimes it is useful.
- The 18 month cycle is a powerful and very common cycle. I have added the cycle bottoms to Clsk. The fit is excellent, so far, for the 18 month cycle, and its sub cycles. Maybe as near perfect as can be expected.
- Best way to bring this home however is with trendlines at this point, the log scale seems best to me. No need to argue over counts and cycles. We're closing in.
- I think the X is probably a 1 up, so this 5 bottom might well be an A bottom. Something to remember if these bottom and move up, i.e. we gonna have to trade em, not hold em.
I think this recent dump in the dollar is a fake out as well. I see the same TC's in the dollar as in Clsk and other related things. We see, but I think the dollar has another move up left, top about where I have this bottom in Clsk.
We C. Patience imo. I am saving some trading money for crypto.
Between ... close to taking a position in BOIL. Looking for a move up into very late spring. Possible big top in NG. Why might that happen? Well there are waves and cycles, but what if this war ends?
Tweets
One 4.5 Month cycle left to the bottom? JMO, a possible tradeable bottom before the cycle low in time, buy
the bottom sell the first pop, get some free shares?
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