Elliott Wave Theory is a market analysis framework that identifies market structure through wave patterns (impulsive 1-2-3-4-5 waves and corrective A-B-C waves), allowing traders to predict market movements by recognizing wave formations and their corresponding targets; the theory emphasizes that wave structure analysis provides actionable trading signals when correctly applied, with key concepts including trend line identification, liquidity zones, and the relationship between different timeframes.
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(warning) BITCOIN COLLAPSE HAS STARTED. Support zone coming but will not last long.. SHORTS PRINTINGAñadido:
Bitcoin's dumping, markets dumping, finally breaking through this trend line. I have this main area of interest, my primary area of interest for shorts that we are currently sitting in. I'm going to explain to you why this is my main area of interest in this video. I have it mapped out for you on the smaller time frames. If you watched my previous analysis, I showed you this flat pattern was going to play out. I showed you momentum on the weekly time frame was looking extremely bearish. I warned you of this and it is playing out exactly as expected.
I'm going to start off on the weekly time frame. I've shown you this chart before. We're about halfway through halfway through this bare market. In each previous bare market, we've had a corrective shape and this is going to be no different. I am expecting this flat correction to play out here about halfway through this flat and then impulse down for C. And then we could talk about bare market being back on looking at 2530K is my ultimate uh target for the bare market lows.
Most will call me crazy for that. Most will crucify me for that. I'm used to it. We are different than the rest. We know that around here. Uh going into the daily time frame, looking at this a closer view of this flat playing out.
I've shown you this chart multiple multiple multiple multiple times before.
Um guys, I called this top here, guys. I called this uh this trend line right here getting busted to the downside impulsively.
[music] I called this consolidation. We called this entire move. Called this exact top here as you can see over on X.
I posted [music] this three months ago before we even had that had this bullish run up. We called it to the dollar exactly as the wave structure played out and we traded the crap out of this.
ungodly sums of money has been made the past 3 4 months and we are not stopping.
We're currently sitting short right now.
Up 53K over there, up uh what 26K over here and we're just cooking. It has been stressfree ridiculous trading over here. This is not a LAR. This is real trading. I don't just post analysis, simple analysis that is meaningless. I try to post actionable analysis. This is over in Discord. We are sitting short currently.
If you want to access the premium Discord that is pinned in the first comment down below. Go check it out. You will not be disappointed. Been crushing it.
Back to this daily time frame. Looking at this flat playing out here. Um we have a corrective leg up. I warned you guys this EMA ribbon was going to act as resistance.
We rejected exactly in my target zone 80 to 84K. Everyone's when we were down in here, everyone said I was crazy. 80K. No way, Alex. It's not. We're bearish. Oh my god. We're dumping. We're going.
We're nuking. And look at that targets hit.
I called this reversal here at 80K. And I'm expecting this wave structure to play out, a corrective shape to [music] the downside. Again, I'm going to go over my targets in one second for you and why they are my areas of interest, but for now, we just I'm I'm putting the road map down for you, a corrective shape down to come take these lows [music] 50 to 55K ultimately and then get this reversal. I call this the bull maker.
This is going to be the bull maker where your bears will flip bullish once we take these lows down in here. Boys and girls, let me tell you what. Once we take these lows down in here and we have a gnarly impulsive wave up out of here, even the bears, the barest of the bears are going to get bullish. They will say the lows are in. They will say bull market [music] is back on.
And then team junkies and your favorite market makers were will punch a hole through their chest, pull their heart out, throw it on the ground and stomp on their souls as we nuke this market even further. Telling you right now, I just watched Mortal Kombat 2 last night and that's in my head. That's why I'm that graphic with Yeah. Okay. All right. Whatever. It was a pretty good movie. Anyways, looking at this corrective move to the downside, hit him with the bull maker and then continue our C leg of this ABC correction to the downside to our ultimate targets. All right, this is this is going to take a lot of time, guys. This is a lot of price action.
Let's go to the smaller time frames. Uh, actually, real quick, USDT dominance.
Uh, I posted about this on X, [music] guys. If you are not following me on X, you are genuinely missing out on daily content. I I I don't know how else to say it.
Chart_junkies. It's pinned in the first comment down below as well. I did post this uh where is it? Where is it? Hold on.
Hold on. Hold on. Right here the other day. Um that USDT dominance was looking extremely bullish on the weekly time frame. I am expecting this to play out.
It is basically move for move exactly inversely proportional proportionate to Bitcoin and Bitcoin's price movement. So weaponized with that information.
Um we can see this is actually playing out. I'm expecting these highs to get tapped at least and um this is on the weekly time frame. It's a big time frame, extremely tight momentum wave. You know, we are goated with these momentum.
We read these momentum waves like no other in the game. And if we invert this, we can see we have our correction up here for my A. We're looking to work our way down to these lows, bounce for our correction down to sweep the lows for my B, and then impulse up for C. It is exactly like I have drawn up for BTC. Boom.
Boom.
You want me to get you want me to get a little closer for? Okay. Okay. Okay.
Boom. Boom. Boom. Boom. Looks pretty similar, right? Let me flip your DC dominance back.
All right. So, just another set of confluence for us on the charts. That's all. That's all.
Um, and and I'm looking for this to continue down to these lows on BTC.
Again, for that reason, weekly momentum is this looks extremely bearish, guys. If I saw this on any time frame, especially the weekly time frame, I'm saying, yeah, we're we're we're coming down here and we're we're going to put in a at least a wave like that, which should be this right here. And then we can talk about, you know, some kind of a a corrective move and then and then maybe another push and put in some serious bull divs, right? And then we can get the bull maker off of those bull divs, right?
Simple, easy.
Looking at our heat maps, I'm looking at now we're getting into to what the people came for here on the smaller time frames and these these target [music] zones. Let me get rid of this one.
Um, actually real quick, I did warn you on S&P 500 as well, traditional markets, they are looking toppy to me. Um, I warned you in previous videos, if you've been watching, that this gap right here, when we got this initial move down, I said we are not done. This gap will get filled before we actually have our top put in. And as you can see, gap filled and exceeded. And we have put in our fifth wave. This does look like pretty much a completed structure. Maybe we get another local high to finish out a clean five waves here. Um, but I got one, two, three, four, five. Like, it's we're we're good. And the more I zoom out, it's just fractalized into another one, two, three, four, five. I told you guys the structure was coming. I warned you of the structure when we were down in here, when we were at these lows.
told you this was a wave four and we were going to hit up for another wave five. Looking at 7,500 as my target zone. I warned you guys on S&P 500. I hope you listened. Um I'm out of traditional markets, guys. I'm good. I'm out. I'm done. Looking at this to get bearish. Looking at this to get ugly. Um a lot of people are jumping on the hype train as well. I mean, you know, if you guys want to trade coins, you you can go for it. I stick with what works.
I trade the crap out of BTC. I leverage trade it. That's just that's [music] what we do. Now, before we get into the smaller time frames, make sure you check out Blofin. They're the best non KYC exchange in the game, and we've been with them for the longest time. If you want access to the best rewards because we hook it up for you, make sure you sign up with the link pinned below in the first comment. You get these rewards. This is the best rewards bonus they have running currently. And they also currently have their $5 million tournament running. Make sure you take advantage of all the rewards that we hook you up with. It is free money and you can maximize your gains, reduce your trading fees. It makes it worth your while. Sign up with the link pin below.
Now, looking at my liquidation heat map, I have an immense amount of liquidations piling up right here. I propose 61 to 64K. 61 to 64K.
I expect price to trend towards this zone.
That is simply why I have this right here in that 61 to 64k zone.
It will have broken this trend line, taken this liquidity here. it would have taken maybe some of these local lows out where there has been a bunch of liquidity that has been waiting to get taken for the longest time. I see this threatening a breakdown. Everyone's going to expect this to just smash down and nuke and and I want to see a little bounce. I want to see a recovery. I want to see kind of a double bottom put in and get some bulls back in the market.
Retest this trend line breakdown essentially. If you've been watching this channel, if you are um paying attention to my work and how I trade, I love using these trend lines as not areas that I trade, but where uh market makers will entice liquidity to come into the market. And uh they they really play these trend lines. Anything that looks like a some kind of a pattern that your retail trader can be like, "Oh, these magic lines, these magic lines work. I'm trading these magic lines."
They ain't no magic lines. You're gonna get smoked if you trade them. I just look at it where liquidity is coming in at. That's it. Simple as that. So, I'm looking for an impulsive wave to the downside here. Boom.
Let's go. Let's grab that. I'm going to I'm going to actually do some wave structure analysis for you here. Um, I have an impulse up here. All this is a flat for my Bwave. Impulse up here for my C leg. It fibs out perfectly. Guys, you have I know you've seen many Elliot wave an analysts try to map out their waves and wave structures. I will tell you right now coming from someone who actually trades this stuff coming from an actual profitable trader who has been trading Elliot wave for years and years and years. It's the foundation of my trading. I have like this is it. This is it for me. I can firmly tell you that 99.9% of every single little analyst, little kid, little boy who makes no money on YouTube, on X, and all these social medias that have maybe a lot of followers, maybe not many followers.
They all have no clue what the hell they're talking about. They cannot trade. They have no clue what Elliot Wave even is or how you're supposed to trade it. And it's disgusting to watch.
I'm sorry they give you a poor taste of Elliot Wave and and a disgusting taste in your mouth, but I'm here to tell you this stuff works. This is I'm living proof. If you trade it right and correctly, if you put in the work, it is goated, unbeatable.
So, I have an impulsive A leg up, a flat for my B leg, and a C leg in my 1618 box fib target zone in our candle imbalances. You really can't make it up.
You can't draw it up any better. We saw this move coming. We mapped out this move for the longest time and it actually played out. When you have the wave structure mapped out like this, guys, the profit potential is insane.
It's more than just putting your targets in place and putting a trade in. It's trading each and every single leg of this move. All right, that's that's why it is so disgusting when you can master this stuff. It is disgusting. No one wants to put in the work. Everyone wants to trade the same way. Everyone wants to put, you know, I whatever. Teach their own. I guess we're going to continue to show our worth, show what we can do and prove them all wrong. Prove them all wrong. This move to the downside here, again, we're looking at some kind of corrective move to the downside, playing off of this simple trend line. It's easy. It's easy.
Most will say that I shorted the bottom here. Did I short the bottom? Well, so far, no. I mean, obviously, we're we're continuing to push down. As you can see, this is where this is where we entered short over in Discord.
Um, where we at? Where we at? Where we at? This was the original play. Boom.
This is where we entered short. Did we short the bottom? Uh, I would say no.
Why? Why did I short so low here right on this trend line when everyone else was longing? What made me short there?
It was the wave structure, guys. It was nothing more than the wave structure. I had a one into a flat here for two. I had another impulsive wave into another flat. All right. To me, this is another one, two. This is not a one, two, three, four into a five because I don't ever trade the same two and the same four-wave. Now, I'm not trying to get super complex here. I'm not trying to get super um intricate. I'm just like this is exactly what my train of thought was. And this is what I relayed over into my premium Discord members and everyone in the group.
My wave two was a flat. I can't look at my wave four as a flat because it's the same exact corrective wave. I would need some kind of variation um and an alternation in the wave structure for my wave two and wave four. So maybe an ABC zigzag or maybe a WXY complex flat but not not or a WXY complex correction but not another flat. So that led me to believe that this is just another minor degree one two and we are ready to come down big time in a big way. We got the initial move down. I told my group, "Hey, I'm waiting for any little pullback.
I want to see essentially this trend line hold right here. I'm waiting for any little pullback and I'm firing short for this a big time move down here."
That's what we did. We traded the plan, got the follow through, and we're cooking.
Already tpd a little on this because we're traders. That's what we do.
Now, I'm expecting this to turn into another 1, two, three, four, five, four, five, four, five. Like, I'm expecting something like this to play out, consolidation down here at these lows.
But we'll see. I'm ready for anything.
If this wants to reverse here and start to move up earlier, sooner than later, that's fine. I will look to swing short this zone up in here for this next move down, right?
There's going to be plenty of trade opportunities. We have been on a generational run. I hope you guys are enjoying the content lately. I've been trying to give it my all. Been trying to only give you the goods. If you want to join up in Discord, the link is pinned below to the premium Discord. Check it out. Read the reviews. I'm telling you.
Um, where we at? Right here. You can read the reviews. It's all right there for you. Um, plenty of payment options.
If you want to try out Blowofin, go check them out. I got you guys the best rewards in the game right now for the best 9KYC exchange available globally.
Go check them out. All that is pinned in the first comment down below. I'll see you in the next video. Trade safe. Man, that was a long one. I love you. Peace.
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