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You really have to love the market psychology at play here. Those who were bullish at the top, and stayed bullish all the way down, are now bearish . $6x,xxx bitcoin was cheap...sub 20k bitcoin is expensive. $250k was imminent, now $30k is not happening 'any time soon'. Nothing new under the son in these markets my frens : )
We here at LARP have been bullish on Bitcoin since July when we were able to determine that time had expired on the downtrend, at the time of this determination the price was $21,xxx or so.
While it's difficult for all who are not in the category of the BFTBITW (by far the best in the world) to understand our sophisticated analysis, it is quite easy to understand it's conclusions. In short, we were looking for a wave B rally that would take us to the $40-$50k range (more conservatively a minimum of 35k and more aggressively a run to test or even break ATHs). None of that has changed except for the current price being a bit lower (in the $16xxx's at the time of writing), which is but a gift for anyone who has been bullish on the market, and perhaps more importantly, understands *why they have been bullish . Our goals here at LARP revolve around catching the major market moves before they happen, a notion lost on short-term 'traders' who come and go (usually go), and who's success depends upon cooperation and submission to the current market cycle's 'market maker' (the actual cadavers that show up post-facto much less relevant than an understanding of the function).
If you made money on the futures-based ETF rally or on the recent drop, good for you, yet to do so absent an understanding of what these
moves mean in the larger context of the markte cycle is not only not impressive, but likely a recipe for failure. We were quite presciently bearish at 6x,xxx and remained so until $21,xxx. If you have been bearish for the last couple of months you have no idea what you are talking about...an exception could be made if you were bearish at $6x,xxx and remained bearish until say today's prices, yet in reality, that presumes you actually had a supporting predictive rationale that both successfully anticipated the top of the market *and forsaw this past drop. In reality, we are unaware of anyone who can claim such, and more importantly, from our view such a feat would have likely excluded the possibility of the market to have bottomed earlier, which while it did not materialize, was a very realistic possibility (and we would argue) probability.
Let's talk waves. B-b-b-ut you said Time expired and yet we went lower! You were 'wrong'. Actually, no, the fact that we went lower, and the fashion in which we did so, only further supports the 'overextension' of the trend. Even if your evaluation of being 'right' or 'wrong' is limited what actually materializes in the market, it is waaay too early to proclaim such a ridiculous notion, as $65k, $55k, $45k, and $35 bulls of the past year seemed to find out.
Moving along to elliot wave ...here is our most recent update to "the Big Long" chart:
So juan might ask, what changed?
Well, essentially this analysis was correct in determining (both through the process of elimination of potential counts over time as well as the negation any other counts which would disagree with our analysis) that we are in a 'standard' (as opposed to 'non -standard') flat correction which began with the 2021 market top and is currently ending in a terminal. Now, given the recent drop, we can say that the count inverse ineffectively changes in it's direct construction to better account for the 'overextension' of the trend.
Early on, the potential for largest degree A to have been complete was best explained using the various potential counts that would fall into the category of 'non standard' corrections. Eventually, the price action evolved such that juan could reasonably justify the possibility of a (directly determined) impulse existing in the position of wave C. The best way to explain this possibility was mainly from the perspectives of complexity and channeling. Now, with the elimination of our triple combination ending in a non-limiting triangle count, we can say that this terminal impulse is the only count left standing. Interestingly enough, the inverse ineffective change of the entire count actually does not change it's complexity *level.
Let's break this new count. Purple numbers 1-5 represent the largest degree of an extended 5th wave impulse. Purple wave 5 is the both the extended and most subdivided wave, which is usually the case. It's sub-waves are composed of red numbers 1-5 which are also an extended 5th wave impulse. Red wave 5's sub-waves are composed of black numbers 1-5, an extended 1st wave terminal impulse.
From a complexity standpoint, largest wave C subdivides so we know that it is automatically level 1 or higher, we can figure out the rest based on the most complex (level-wise) sub-impulse which is wave 5. Similarly, purple wave 5 subdivides meaning a minimum level of 1, purples most
complex wave is red wave 5. Red wave 5 is composed of a terminal impulse, numbers 1-5 in black, thus a base level of zero to start (beaty method). Now we bring it all together. Black wave 3 is the most subdivided impulse (corrective construction) independent of extension. By virtue of the fact that black wave 3 subdivides into a-b-c of a zig zag , we can say that it is a minimum level of 1.
While the direct construction of A of this zig zag admittedly does, itself, subdivide, the fact that wave C is usually equal or more complex than wave A would support the idea that wave A is actually what we call a 'complex mono' (here determined directly). Extended wave 1 of this terminal impulse subdivides into a non-standard correction (double zig zag ) with a missing x wave. By the book, a double zig zag compared to single zig zag , both of which subdivide, would be equal in that they are of level 1 complexity. In our view, a double zig zag is actually slightly more complex at what we call a 'meta-complexity' level. In this case, we consider wave 3 to be the 'more' complex of the two at a meta-complexity level due to the existence of a 'complex mono' ...none of this being so important but perhaps interesting to contemplate.
To sum it all up, we add back our complexity level 1 of black wave 3 (really slightly more than 1 (really slightly more than slightly more than 1)) to the base level complexity of a terminal (0) in order to get a total of 1. Then, we add 1 back to our base level 1 of the larger red impulse in order to get a total of 2. Then, we add 2 back to our base level of 1 of the larger purple impulse in order to get a grand total of level 3 for largest wave C.
Finally, we can talk about our purple impulse more generally, moving from left to right. As you can see, as we move forward sub-waves increase in relevant relative price, time, and complexity. Wave 1 is small, short, and simple. Wave 2, a running correction which 'moves the angle of the dangle' is longer. Wave 3 is bigger and more complex than wave 1, and quite nicely equals ~ the accumulated time of waves 1 and 2. Wave 4, an unchannelable zig zag , is longer than all that preceded it (.618 relationship to 3), alternates well with wave 2 in it's increase in price (negative retracement(shallow)-->positive retracement(deep)), and properly precedes the extended wave 5 as the more complex, time-consuming wave of the two. Wave 5 itself is a 5th extension within the larger 5th extension which concludes with an extended 1st terminal. It is by far the largest and most complex impulsive wave of the three.
Why again did the price crash out of nowhere? Because the guy said the things about the things that happened in the first half of the year? Wait, and this revealed to the general public that an exchange has much less bitcoin than they should actually have?
Oh I know I know, it was because the guy (head of one exchange) sold the other exchanges (largely insignificant in the grand scheme of things) token, and this token that no one had ever even heard of before crashed cAuSiNg a cAsCaDe of selling (or at least in theory). Wait, why did he even have this token in the first place? Hmm. That's an interesting question. But I know I know, everyone needs to be really worried about 'contagion' says the guy who, by his own admission, started it? But wait, contagion of what? Everyone suddenly realizing the potential that all of the exchanges *dont have enough bitcoin* ? And this is supposed to be bearish? Ehl oh ehl . I'm not saying there is any truth to it, but regardless, to frame any of this as bearish has no basis in logic.
But heck, what do we know? With that we leave you : )
ق.ظ 11:40 1401/08/24
LARP Capital: Time's up Bears
Pick your coin, they all say the crypto market is about to rally hard.
Time expired months ago. As we speak the entire market is realizing it, and it won't be long now before they are all realizing that everyone else is realizing it.
ب.ظ 01:18 1401/07/17
The Big Long Video update part 3
Video update on our published chart "The Big Long" which delves into advanced elliot wave concepts and how they apply to the price action.
ب.ظ 03:29 1401/06/16
The Big Long Video update part 2
Video update on our published chart "The Big Long" which delves into advanced elliot wave concepts and how they apply to the price action.
ب.ظ 02:54 1401/06/16
The Big Long Video update
Video update on our published chart "The Big Long" which delves into advanced elliot wave concepts and how they apply to the price action.
ب.ظ 02:23 1401/06/16
Gaining a deeper understanding of Wave Theory Pt. 7
Going deep into the weeds of elliot wave theory and how it will apply to the coming price action
in doge usd, doge btc , and litecoin.
ب.ظ 06:47 1401/05/07
Gaining a deeper understanding of Wave Theory Pt. 6
Going deep into the weeds of elliot wave theory and how it will apply to the coming price action
in doge usd, doge btc , and litecoin.
ب.ظ 06:08 1401/05/07
LARP Capital: Monero USD and The Baptism of Fire
Monthly chart says we are going to ATH's within the next 3-7 months (July Inclusive) and ultimately it suggests some beyond wild price targets.
3d chart provides much more detail (The Baptism of Fire):
We will be going over it all in the coming months. Especially the XMR/ BTC Ratio. I wanted to create a separate published idea to update on Monero so this is where I will be doing that (I created the chart about POW a few months back involving both Litecoin and Monero (can see Linked in Related Ideas). Updates on Litecoin will be under the Magic Juan'ed Idea. The two new darlings of the space : )
Stay Tuned th-ick-ity, th-ick-ity, th-at's all folks
-the beatiest of all
ب.ظ 11:16 1401/05/06
Gaining a deeper understanding of Wave Theory
Going deep into the weeds of elliot wave theory and how it will apply to the coming price action
in doge usd, doge btc , and litecoin.
ب.ظ 04:47 1401/05/05
Gaining a deeper understanding of Wave Theory pt. 3
Going deep into the weeds of elliot wave theory and how it will apply to the coming price action
in doge usd, doge btc , and litecoin.
ب.ظ 03:50 1401/05/05
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هر محتوا و مطالب مندرج در سایت و کانالهای رسمی ارتباطی سهمتو، جمعبندی نظرات و تحلیلهای شخصی و غیر تعهد آور بوده و هیچگونه توصیهای مبنی بر خرید، فروش، ورود و یا خروج از بازار بورس و ارز دیجیتال نمی باشد. همچنین کلیه اخبار و تحلیلهای مندرج در سایت و کانالها، صرفا بازنشر اطلاعات از منابع رسمی و غیر رسمی داخلی و خارجی است و بدیهی است استفاده کنندگان محتوای مذکور، مسئول پیگیری و حصول اطمینان از اصالت و درستی مطالب هستند. از این رو ضمن سلب مسئولیت اعلام میدارد مسئولیت هرنوع تصمیم گیری و اقدام و سود و زیان احتمالی در بازار سرمایه و ارز دیجیتال، با شخص معامله گر است.
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