The 5th Wave

Elliot wave Apprentice. The fewer the lines the better the TA.

[The 5th Wave @5thofthe5th]

BTC HTF - Big picture view of what I'm watching for, hard invalidation at 60k which I expect to hold till aths around 150-160k. Afterwards we can get the 51-52k most have been expecting. Timing is not precise, just a rough placement.

[The 5th Wave @5thofthe5th]

@cryptic_heych Yeah wasn't expecting this for sure, at least not now. It is what it is ig.

[The 5th Wave @5thofthe5th]

@trade_centurion Thanks for the updates 🫡

[a11k @MaverickZenX]

CAUTION: I have ZERO EDGE with market timing. My take based on PA & where we are in the cycle #BTC

✅ May 1st half: BULLISH
✅ May 2nd half: CORRECTION
⏳ June 1st half: BULLISH (new local high?)
⏳June 2nd half: CORRECTION
⏳July: TOP (blow off ?)
⏳AUG/SEP: LOW (new lows ?)

[The 5th Wave @5thofthe5th]

@MaverickZenX Lets see how it plays out, thanks for the updates 🫡

[The 5th Wave @5thofthe5th]

BTC UPDATE. Seeing quite a few people looking to short the 79.4-80k region, what if price does the unexpected and sweeps the remaining liquidity above monthly high first? Still expecting 93k+ in the coming weeks regardless of how we get there.

[The 5th Wave @5thofthe5th]

@cryptic_heych I would say its more doing what you don't "feel" like doing as a lot of ppl "want" to do the right things, but often end up doing what the feel like/are used to. Solid post regardless🫡.

[The 5th Wave @5thofthe5th]

@cryptic_heych

[The 5th Wave @5thofthe5th]

@cryptic_heych

[The 5th Wave @5thofthe5th]

@EtherRawl @benjamincowen I'm actually happy with the results, I'd be worried if the majority expected 90k like I do.

[The 5th Wave @5thofthe5th]

@cryptic_heych @hereisahmad I never expected the main high to be in May. I've been watching for the June high since April. Then we nuke into July. Also have a cycle low due around end of this month.

[The 5th Wave @5thofthe5th]

@lourenco_vs

[The 5th Wave @5thofthe5th]

@lourenco_vs Daily cycle low due around end of May could be the timing window for Trap 2, then we move higher into the June highs around 94-96k imo.

[The 5th Wave @5thofthe5th]

XRP UPDATE - the two main HTF scenarios I'm watching for. Either the yellow or the blue path, but both ultimately lead to the next macro low in the 0.9-0.96 range. After this is when I think the next impulse to $5-6 begins.

[The 5th Wave @5thofthe5th]

@blackwidowbtc

[The 5th Wave @5thofthe5th]

@cwaleed590 @cryptic_heych Yeah its because ETH/BTC is in a downtrend, might not even make it to 2500's could just sweep 2465.

[The 5th Wave @5thofthe5th]

@Waterman_crypto I think the June top is simply a local HTF top. It precedes the final correction to pre-ath lows across the board. Btc won't put in a new low after but propbably a double bottom (60-62k), while most alts will due to BTC.D putting in its next major high before heading much lower.

[The 5th Wave @5thofthe5th]

@cwaleed590 @cryptic_heych 2500's

[The 5th Wave @5thofthe5th]

@MikkoTyllinen Love the colour harmony.

[The 5th Wave @5thofthe5th]

@lourenco_vs Makes sense, thx for the updates 🫡