Taconacci, CFTe

Leonardo Bonacci reincarnated into a Taco Talking Technical Analysis for educational purposes! Remember, Don't take financial advice from a Talking Taco!

[Taconacci, CFTe @taconacci]

Elliott Wave Theory is one of the most controversial forms of technical analysis out there. Those who lack discipline find it frustrating & those that study intensively use it with incredible accuracy.

You are limited by your depth of understanding.

Learn the correct way:

[Taconacci, CFTe @taconacci]

@TheOneLanceB @smbcapital Phenomenal interview, Lance. Thank you

[Taconacci, CFTe @taconacci]

@allstarcharts Great insight! Thank you!

[Taconacci, CFTe @taconacci]

The resemblance of 2022 to the current correction off of the summer high - is striking. Minimal manipulation needed to line up almost exact. The Mar 22' squeeze was one for the books.
Whats to come now & whats to come later?

(this is not a prediction, its simply an observation)

[Taconacci, CFTe @taconacci]

Finally, got my hands on one! @alphatrends

[Taconacci, CFTe @taconacci]

@dana_marlane In your chart, your labeled impulsive wave would be incorrect based on the fibonacci relationships.

As your count is, wave 3 is the shortest wave. This would invalidate this count. The overall analysis may be correct, but you should look for a count within the guidelines.

[Taconacci, CFTe @taconacci]

@HenrikZeberg This is improper Elliott Wave analysis here.

An ending diagonal aka a rising wedge will have each of its 5 waves sub divide into zig-zags. This should be a 3-3-3-3-3 structure.

Also, using such a large timeframe, your chart should be in a logarithmic scale.

[Taconacci, CFTe @taconacci]

Make sure you are working hard at building up that mental capital so you have the ability to weather a bad streak of execution & market movements, but still have the mental fortitude & motivation to want to keep pressing forward.

[Taconacci, CFTe @taconacci]

As much as it pains me to say it, did we really expect anything else?

Those who are in control of the money supply need not worry about the laws.

Now, back to our regularly scheduled programming!

[unusual_whales @unusual_whales]

Both Federal Reserve members Powell and Clarida have been cleared of improper trading.

Reminder, Federal Reserve members were banned from owning individual stocks due to these very trades.

Then, they sold at the very top to "avoid conflict of interest."

This is inexcusable.

[Taconacci, CFTe @taconacci]

@StephenHarano

[Taconacci, CFTe @taconacci]

Tell me more about how crypto has decoupled from the equities market..

[Taconacci, CFTe @taconacci]

@TheeDisruptor Great vantage point in this chart, Jay!

🫶

[Taconacci, CFTe @taconacci]

Lets play a game..

Will it hold?

$BTC

Good luck out there traders!

Remember, the only things you can control are; The entry, The exit, The size, & The emotions.

Risk before Profits

[Taconacci, CFTe @taconacci]

@markminervini A little louder for the people in the back..

[Taconacci, CFTe @taconacci]

Well..

Never say never!

The price structure leading up to 65k left clues we would be back at these levels with a good chance of seeing us breach well below it.

All these talking heads sure did get quite..

[Willy Woo @willywoo]

We'll never see $20k BTC again.

$24k support would need a black swan event to breakdown.

Floor price supported by long term buyers is rising very fast.

[Taconacci, CFTe @taconacci]

@siangeeeo @TCMLLC I am always looking forward to your thoughts and analysis! 🤝

[Taconacci, CFTe @taconacci]

@KobeissiLetter Lack of supply.

Large institutional money still holding majority of megas floats with very low cost basis.

Its hard to go down when we lack the supply to do such and doesnt take much money to influence price.

The generals still are not breaching their avg 30-90d volumes.

[Taconacci, CFTe @taconacci]

@TheeDisruptor @HostileCharts @guttieSTOCKS @MoneyMarsh18 @johnfrenchbmore @DollarsPennies2 @holdmylager @trend_bullish