24KCrypto

Elliott wave theory | No paid group | #BTC #ALTS | Not financial advice | Personal opinions only | Do your own research |

[24KCrypto @24KCrypto]

Really excited to share that I've written a book!

It's called The Elliott Wave Trader's Playbook, and it's a practical guide that brings together everything I've learned about wave patterns and Fibonacci strategy over the years.

My goal was to create the clear, no-nonsense guide I wish I'd had when I first started. Hope it can be a helpful resource for some of you.

You can find it here if you're curious:
https://t.co/G7Ialx4HFT

#tradingstrategy #ElliottWave #TechnicalAnalysis

[24KCrypto @24KCrypto]

@thesecondrei1 EW for structure. Confluence with fibs, levels and momentum.

[24KCrypto @24KCrypto]

#Bitcoin #BTC

Revised HTF count

The earlier idea of this being w2 of 5 no longer holds up. The expanded flat dragged on too long and pushed too deep to stay valid at that degree

Proportionally it fits better as a larger W4 running flat for $BTC

https://t.co/rEXMmQkAwS

[24KCrypto @24KCrypto]

#BTC #Bitcoin

My HTF $BTC count hasn’t changed but I’ve revised wave 5 of the final 5th.

The previous ending diagonal always looked a bit forced (especially subwave 4 of C of wave 1 within the ED). I still lean toward a larger extended wave 1 but I’m now considering a standard impulse where subwave 1 of the final 5th unfolded as a diagonal.

This adjustment accounts for the strange proportions in the prior count and keeps the structure cleaner going forward.

A deeper wave 2 of 5 correction here would throw a lot of people off but it would still fit perfectly within this count.

https://t.co/1U8LcgVIHI

[24KCrypto @24KCrypto]

@thesecondrei1 @ChifoiCristian Agreed. Cristian does great work so confluence like this is reassuring👍

[24KCrypto @24KCrypto]

#Bitcoin #BTC

$BTC playing out largely as planned. Imo larger W4 bottomed roughly 2 months ago and unfolded as a complex correction resembling a running flat.

W2 of 5 close to completion. Once W3 of 5 gets underway, I expect conditions to turn frothy.

https://t.co/7tJ0yzvOlB

[24KCrypto @24KCrypto]

#Bitcoin #BTC

Revised HTF count

The earlier idea of this being w2 of 5 no longer holds up. The expanded flat dragged on too long and pushed too deep to stay valid at that degree

Proportionally it fits better as a larger W4 running flat for $BTC

https://t.co/rEXMmQkAwS

[24KCrypto @24KCrypto]

@raj2020unique Structure and proportion support the same degree. With W1 extended, W4 fits well in depth and time relative to W2. Labeling it lower degree breaks the structure for me.

[24KCrypto @24KCrypto]

@tonitrades_ Agreed on the catalysts. Whether the extension ends up in W3 or W5 remains to be seen.

[24KCrypto @24KCrypto]

@Freedom_By_40 🙏

[24KCrypto @24KCrypto]

I get the pattern but we’ve only had a handful of cycle tops and all the halvings have happened in even years. The tops came when liquidity and demand peaked afterward, not because of the calendar. With halvings increasingly priced in and macro liquidity playing a bigger role now, I don’t think an even year rules out a top.

[24KCrypto @24KCrypto]

@OVcrypto 🤝

[24KCrypto @24KCrypto]

@ChifoiCristian Classic max pain setup.

[24KCrypto @24KCrypto]

I see what you mean now. I don’t see this as subwave 4 though. The structure doesn’t subdivide well as a zigzag (especially if A is a diagonal), and wave C doesn’t look impulsive within that correction. Extending it further would also skew the time proportion vs wave 2. That’s why I still have the larger wave 4 already complete. Let’s see.

[24KCrypto @24KCrypto]

@jackroy49670 Not quite. Weekly wave 4 already completed a couple of months ago imo. This is wave 5 playing out.

[24KCrypto @24KCrypto]

@albertotrades33

[24KCrypto @24KCrypto]

@nds2888 Good question. The slope isn’t an EW rule but since wave 1 was extended in this cycle (imo), wave 5 often becomes a parabolic blow-off. It’s the proportions that matter, not the literal angle of the line.

[24KCrypto @24KCrypto]

@nds2888 True, the structure was tricky for a while but the updated view hopefully simplifies the macro structure. The running flat makes everything seem to line up properly again.

[24KCrypto @24KCrypto]

@atom011097 Exactly. As a larger W4 running flat, it fits the proportions and rhythm of the macro count much better. The next few weeks should make the structure clearer.

[24KCrypto @24KCrypto]

@HemrajFagna @waves_academy Different view but I see the structure differently on my end 👍

[24KCrypto @24KCrypto]

Nothing changes the broader outlook, just refining the structure as new data comes in. Proportionally and structurally it makes far more sense, especially given how BTC behaves in late-cycle corrections.

[24KCrypto @24KCrypto]

That interpretation misses the internal structure of the October move, so it can’t be a regular impulse. That drop + retrace forms a clear zigzag in your count, which can’t fit into a standard impulse. That’s why I’ve been leaning toward a diagonal, it accommodates that structure cleanly.

[24KCrypto @24KCrypto]

#BTC #Bitcoin

W2 played out perfectly as an expanded flat with C completing cleanly before reversal.

Some analysts used the $BTC/USDT chart but the deeper wick came from USDT briefly decoupling from USD. BTC/USD gave a cleaner, more accurate read imo.

https://t.co/Xjh0Hcsr9V

[24KCrypto @24KCrypto]

#BTC #Bitcoin

Got some heat for mentioning this pullback but price seems to have validated it nicely.

W2 of 5 unfolding as expected for $BTC. Structure fits well as a flat, though it's still unclear where this final impulse completes to finish C.

https://t.co/tv0VnnnZJv

[24KCrypto @24KCrypto]

Looks like I was a bit early on that call. W2 wasn’t quite done yet. It’s still unfolding as a flat with C likely forming as an ending diagonal now that lows have been broken. Structure still aligns with the broader count though. Either a single flat or something more complex.