don't trade the market, but I predicted the $Hbar chart price to the T during the past 3 months I had to share this.
Read this tweet through till the end, but remember...TA is more Art than Science.
I'll keep it short
2/9 I'm using the Elliot Wave Theory as a basis for price forecasting. I've divided the 1st Red Impulsive Major Wave 1 with its 5 subwave counts as shown in pictures below. We're currently in subwave C within the Blue Corrective Major Wave 2 as highlighted.
3/9 A few Fibonacci Extension/Retracement relationships below:
Wave 3 is 4.236 extension of Wave 1
Wave 5 is 4.236 extension of Wave 1
Wave 2 is 0.786 retracement of Wave 1
Wave 4 is 0.618 retracement of Wave 3
4/9 Below are the respective A, B, C subwave counts of Corrective Wave 2 currently unfolding and a standard 0.618 Wave 2 Fib Retracement from Wave 1, which leaves the Retracement from ATH 0.57$ at 0.2239$
5/9 Is Corrective Wave 2 over?
Typical wave 2 is 0.618 which suggests we could be over in our correction, with wave 5 of C also getting shortened and truncated.
Worst-case extensions:
1 to 1, A to C at 0.197$
1 to 1, final leg of C at 0.189$
0.786 Fib of wave 1 around 0.15$
6/9 Watch me set my 0.618 retracement from the ATH to a target of 0.2239$, and follow the price action all the way down, only to see the it hit the bottom at a close enough 0.2243$, a difference of 0.0004$
7/9 If you thought the above was cool, I took a screenshot 3 months back, Sept 11 2021.
Today is Dec 11.
The Price shows 0.3588$
I highlighted the candles of the screenshot on recent W/D charts.
It still blows my mind I almost charted the exact ATH and the pullback to 0.2239
8/9 Now that Wave 1 and 2 are almost unfolded, the most bullish of all impulsive waves is just around the corner, so what to expect from Wave 3?
Wave1 ext to 1.618 => 1Hbar=1.13$
Wave1 ext to 2.618 => 1Hbar=1.69$
Wave1 ext to 3.618 => 1Hbar=2.25$
Wave1 ext to 4.236 => 1Hbar=2.59$
9/9 Now that you realize I was maybe artful and lucky, and since no one can predict price, this post is not to be construed as financial advice whatsoever.
See, I wasn't confident about my predictions either. I could have sold at ATH, doubled my Hbar. I didn't.
I just HELD...
https://twitter.com/DanyEid_/status/1469733609393336320?t=dApOpaL_DKEPQjaL-UMCog&s=19
Thanks Dany Well Prediction.
Thank you. Let's hope my future predictions come true. That's what's important 😅
whats amazing is that even with your chart prediction you were more concerned about selling your bag in fear of missing out of an HBAR catalyst for price. HBAR is not worth playing around with imo
Awesome advice , God bless u
The upside potential is obvious. Exactly, Hodling is just less risky 👍
You're welcome ❤️
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