XForceGlobal

• First Korean Certified Elliott Wave Analyst | CEWA (1, 2, 3) 🇰🇷
• Leading TradingView Educator | Wizard Designation
• $BTC, $XRP, $ETH Elliott Wave Analysis

[XForceGlobal @XForceGlobal]

$XRP

Ripple just broke the multiyear BD trendline.

If we get a few more weeks of staying above, and even retesting it, say hello to $7-10, no questions asked.

[XForceGlobal @XForceGlobal]

@kalimeros03 me casa es su casa brotha 😭

[XForceGlobal @XForceGlobal]

$BTC

Got that one final flush to the downside 🥷🔥

I think we are getting near oversold territories.

Expect chop, but leveled. Remember, these are the levels we anticipated for weeks. I remain cautiously bullish.

This correction is an absolute mess to count, but I made sure to adhere to every rule and guideline as possible while maintaining the best possible look and timing of each higher/lower degree.

We could either now be complete for the wave 2 or have just ONE more final flush. The only way I can see this entire correction from a pattern recognition perspective is a double or triple zigzag depending on your preference (WXY or WXYXZ).

For now, I don't see any way we can prematurely call for a nested bearish 1-2/1-2 impulse for a larger move to the downside.

[XForceGlobal @XForceGlobal]

$BTC

#Bitcoin has officially entered our overall target zone that we laid out a few months ago, and I believe we're getting close to wrapping up this correction.

We remained neutral throughout the entire move up and down. While most traders expected Bitcoin to continue moving straight up during the impulse, we made sure to prepare for the pullback after a clear 5-wave move.

Now that sentiment has turned pretty bearish, I think it's important to go back and remind ourselves what the original plan was.

From a pattern recognition standpoint, a Triple ZigZag is really the only way I can make sense of this pullback.

There are plenty of compromises when it comes to labeling the internal waves, and honestly, a lot of it comes down to preference. Whether you're prioritizing timing, internal wave counts to make it as valid as possible, or trying to make certain counts fit, none of the interpretations are perfect.

What matters most is that the move down itself isn't impulsive.

There is no clean bearish impulse anywhere in this structure. Everything continues to overlap, which is characteristic of a corrective move rather than a genuine bearish trend.

There's also a possibility that #Bitcoin has already completed the entire correction, but I'm keeping that scenario on the sidelines until we see a convincing bounce (yellow dotted path).

For now, the bigger picture hasn't changed 🥷🔥

[XForceGlobal @XForceGlobal]

@JacobEmmerton I like this. I think whatever follow up happens, we need to get out of here quick. One thing for sure is that it doesn't look impulsive down unless you count it as really ugly 1-2/1-2's for both BTC and ETH (which doesn't seem ideal at all).. very ugly counts for sure :/

[XForceGlobal @XForceGlobal]

You counting the move down as an impulse that's part of a larger bearish structure, or seeing this just part of the larger correction as I painted it for btc? Both btc and eth still showing a 5 wave off of the macro lows so it's a tiny bit hard for me to believe that we are still going for the continuation of a larger bear market :/

[XForceGlobal @XForceGlobal]

Who’s ready for more updates? 🥷🔥

Sentiment is horrible, and I’ll see what neutral wave counts I can whip up.

[XForceGlobal @XForceGlobal]

$BTC

Still continuing to monitor whether the correction is nearing completion. We got the flush to the downside and hit the 200SMA on the daily 👀

Will update soon 🔥🥷

[XForceGlobal @XForceGlobal]

@BrianBouffard3 not necessarily, there needs to be followup. Focusing on the shorter timeframes is not a good thing to do

[XForceGlobal @XForceGlobal]

@JordiCharts 🔥

[XForceGlobal @XForceGlobal]

$BTC

#Bitcoin has officially entered our overall target zone that we laid out a few months ago, and I believe we're getting close to wrapping up this correction.

We remained neutral throughout the entire move up and down. While most traders expected Bitcoin to continue moving straight up during the impulse, we made sure to prepare for the pullback after a clear 5-wave move.

Now that sentiment has turned pretty bearish, I think it's important to go back and remind ourselves what the original plan was.

From a pattern recognition standpoint, a Triple ZigZag is really the only way I can make sense of this pullback.

There are plenty of compromises when it comes to labeling the internal waves, and honestly, a lot of it comes down to preference. Whether you're prioritizing timing, internal wave counts to make it as valid as possible, or trying to make certain counts fit, none of the interpretations are perfect.

What matters most is that the move down itself isn't impulsive.

There is no clean bearish impulse anywhere in this structure. Everything continues to overlap, which is characteristic of a corrective move rather than a genuine bearish trend.

There's also a possibility that #Bitcoin has already completed the entire correction, but I'm keeping that scenario on the sidelines until we see a convincing bounce (yellow dotted path).

For now, the bigger picture hasn't changed 🥷🔥

[XForceGlobal @XForceGlobal]

$BTC

Our three degree hierarchy approach continues to show why the Elliott Wave Theory works in our favor. Our minor wave 3/4 (in white) and intermediate wave (3)/(4) have all played out without needing to focus too much on the shorter timeframes 🥷🔥

Pullbacks are not only vital, but very healthy for the beginning/resumption of bull markets. We’ll take this day by day and see whether support develops at higher levels for an earlier continuation.

But for now, as long as the pullback remains controlled, it’s simply helping release some of the tension created by overbought conditions on the lower timeframes.

This is only one part of the larger picture. #Bitcoin has already reached many of our major higher timeframe upside targets.

What matters now is where the next opportunities may start appearing:

Altcoins.

Look at how the market has behaved over the past few days as #Bitcoin has started slowing down on the micro timeframes. We’ve already seen a number of altcoins make strong moves during Bitcoin’s short term price action.

That is EXACTLY the type of behavior we want to see as confidence begins rotating into the altcoin market and should answer the question: "but if Bitcoin pullbacks, shouldn't altcoins pullback...?"

Yes, they will on the USD value, but their Satoshi value counterparts show the real story. With each move to the upside, altcoins are that much more sensitive to stronger runs.

Get ready for Valhalla 🚀

[XForceGlobal @XForceGlobal]

@Vlagioia Howdy, didn’t say we were in w3. We are progressing for w3. Don’t focus on the micro timeframes. The zone is important

[XForceGlobal @XForceGlobal]

@pommapomatum anytime and anything for you brother

[XForceGlobal @XForceGlobal]

$ETH

#ETH is still going accordingly to our plan for this corrective B wave. We are NOW just trading into the levels we were at a few months ago.

There is absolutely nothing bearish about the current pullback (it is highly overlapping and not impulsive). Remember, I always remain neutral in my ideas - you have to ALWAYS keep in mind that pullbacks are vital for any retest of a bull market continuation.

We will start zooming for detailed wave counts once we get more data on how the B wave forms from a pattern recognition perspective 🥷🔥

[XForceGlobal @XForceGlobal]

$ETH

If #ETH is able to hold above the cycle low, this triangle idea is going to be an ultimate bullish accumulation phase.

Strategy for bulls on this isn't about seeing a 10x gain from these levels, #Ethereum holders are all about position size at this stage to maximize gains.

[XForceGlobal @XForceGlobal]

There are only guidelines depending on lower or higher timeframes that usually play out more statistically, but there is not strict hard rule for a wave B/2 until true invalidation of a structure happens. It usually retraces at major fib levels anywhere between the .236 and .618, sometimes even further

[XForceGlobal @XForceGlobal]

$XRP

We've reached our pullback levels 🥷🔥

This is a do or die situation for the bulls, they have to secure these levels.

If secured, Valhalla to $3+ 🌊

[XForceGlobal @XForceGlobal]

$XRP

#XRP is only months away from $4+ 🥷👀

[XForceGlobal @XForceGlobal]

$BTC

The current price action designed to kill you. It's not showing any signs of a bearish impulse whatsoever.

For now, we are still in corrective overlaps. As long as we stay within our targeted zone from weeks ago, we are good.

All going according to the plan 🥷🔥

[XForceGlobal @XForceGlobal]

$BTC

Zooming right back into our local timeframe price action, our wave 2 is still most likely the priority when it comes to expectations as we have our first impulse most likely complete (5-wave move up), and to need to retest simple Fib levels 🥷🔥

[XForceGlobal @XForceGlobal]

@FlexChainWerks update soon!

[XForceGlobal @XForceGlobal]

$BTC

Like clockwork 🤝🥷

Wave 3 in progress 🔥

[XForceGlobal @XForceGlobal]

$BTC

Zooming right back into our local timeframe price action, our wave 2 is still most likely the priority when it comes to expectations as we have our first impulse most likely complete (5-wave move up), and to need to retest simple Fib levels 🥷🔥

[XForceGlobal @XForceGlobal]

@CryptoFarsh Until invalidation ☺️🔥

[XForceGlobal @XForceGlobal]

@GustaveGoodman I'm not exactly what the question is, i'm sorry 😣

[XForceGlobal @XForceGlobal]

@thatguyweb3 always a "what if"
what if the world ended tomorrow

[XForceGlobal @XForceGlobal]

@FlexChainWerks bro i don't know anything. i'm not god heh