Yesterday GME ended the day at exactly $17.76... another interesting "coincidence" at the very least 🤔
(media.greatawakening.win)
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Few months ago I was thinking $10 for darnkess fun. $12.5 fills a nice gap, you made me look again today and $15 makes a lot of sense as we’ve touched base.
I’ve followed crypto for a while, what exactly do you mean “almost like bitcoin before runup?”
I’ve made a series of fun charts, they don’t necessarily mean anything in particular :
https://www.tradingview.com/chart/GME/dXzZU7Fb-Where-s-GameStop-Headed-Is-there-a-future/
Latest update is at the bottom
https://www.tradingview.com/x/E8BHBP7P
Thanks for the charts. The wave big 1 and 2(abc correction) are correct. Now is the time for 3rd in 3rd wave so it should be huge (I don´t do Elliot waves but it is my understanding sneeze was 1st+2nd wave in 3rd). I like pitchforks because they can wonderfully show the moves if you set them right. I think it can be done a couple of ways here. Yours is one. What do you think about this? I expect quite vertical movement. Could be used for confluence. (again I don´t use them just curious) https://imgur.com/a/ZDo94Pq
About bitcoin runup similarity. Basically this. It is more broader topic but whatever.. https://imgur.com/a/CrAosnU https://imgur.com/a/sIX5ZJy
Bonus for you, how I project waves, explanation in second pic: https://imgur.com/a/yZk4GUD https://imgur.com/a/6hImQZi
Awesome that you’re into E.W. Or at the very least understand the principles. Most people dismiss it but it’s easy to learn and hard to master. E.W. Is just a study of human emotions and reactions. In the same way Fibonacci is the precise measurement of these data points; the golden ratio or God’s ratio.
I’ve added some more details to this chart and explain:
https://www.tradingview.com/x/DLeK234E/
This is on 1W time frame. The black impulse waves represent the super cycle five waves. Within it are blue five impulse sub waves, with each measured in %. The time measurement is exactly 1777 days (there’s that 17 again, coincidence?)
You are correct we are in the black 3rd super cycle wave. The 1st blue sub wave is complete, correction in progress or complete. The 3rd blue sub wave is set to begin (which correlates to your January-may) runup.
While it can be true that any 3rd impulse wave can be the largest, EW rules dictates that 3rd waves can never be the smallest.
You can see two separate measurements of five impulse waves: 148%, 240%, and 247% and 143%, 490%, 2654%. Respectively, 5th waves were the largest each time and 3rd waves were never the smallest.
Next, wave projection was measured from 1st orange wave which extended us to Fib ratio calibrated prices of $94.74 and $170(17 again) with the actual being $120 due to them shutting off the buy button.
With the same fib measurement we would likely smash $556-$1000 (Fibonacci pitchfork zone ceiling) to settle in 3rd blue wave price zone. Should the 5th blue wave be largest yet again we should hit between $12,027-$21,648 (theoretically begin to break the financial system MoASS territory)
That being said, March 2020 + 1777 days brings us to February 17,2025. Which would be be the day of peak MOASS. Might sound like a bummer, at the same time we need to play out all 1st, 3rd 5th black super cycle waves. That would be ample time to get it done if not sooner.
Blue 1st wave is 18,000% so with a time factor of 2.5x we would get a minimum of 45,000% from $15 projected to $7,216, lining up with another Fibonacci ratio.
This assumes that $15 is the local bottom, but your citadel algos could still touch $12.5 or below.
The pitchfork I’ve used is because the large impulse and corrective waves are confirmed, so the pivot points are placed onto those datapoints. Yours may very well work on the local waves
This is a lot to take in, but I did a very similar analysis in 2018 with bitcoin, projecting its own 5th wave super cycle to be ~$63,000 (69k actual):
https://www.tradingview.com/x/Sl1nihkS
It’s a lot to take in. Charts aren’t perfect and as a human I could have missed something. Either way we could have fun analyzing. True MOASS could be in 2025 based on all this data, which would be extensively higher than what you see on this current chart. But that’s an analysis for another day. Hope you enjoy fellow patriot!
Nice. I like the thinking about fibs, EW and your precise couting. What is the logic behind 148%, 240%, and 247% and 143%, 490%, 2654%? I used 1,618*1,618 and again and again + some more. Look at the Tesla chart I posted. Quite catching the swings.
I hope for really big 3rd wave and really small 5th (not so important move in the end). You have two good price points to exit in that case. :)
The percentages are the measurements of 1st, 3rd and 5th waves. They both validate that the 3rd waves are not the smallest. The %’s also show that 5th waves are largest both times; the second time had a quicker and much more extended 5th wave.
If the pattern repeats for the 5th black super cycle wave(which it often does) then the actual MOASS would be quick, extreme and likely to play out 2024-2025. Extreme price points as many DD has been written about GME and MoASS. But also extremely volatile price swings
I think correction after MOASS (3rd black super cycle wave I hope) is going to take some time. Peak in 2025 isn´t bad at all. With DWAC and LRC I don´t think you have to wait till 5th super cycle wave an endure all corrections with whole position.
Could you please explain me the time factor?
Of course our preference would be that 3rd black super cycle is the MoASS. Because 5th waves are the largest in GME, we would have to consider that MoASS won’t be in this 3rd wave. That doesn’t mean we won’t have a nice run for some exits.
DWAC and LRC are infants in terms of time. Fundamentally DWAC will be the free speech platform once we’ve gotten rid of legacy media. LRC potentially will bring NFTs to the forefront with GME. So it makes sense they’re both long term plays.
I would encourage you to study the Rule of Time Alternation and wave Time Rule for Elliott waves. A good start is an amazing book “mastering Elliott waves with Glenn Neely” it’s loaded with some thick material but you’ll be able to walk away with Fibonacci ratios and mass psychology.
"Elliott discovered that the two unextended waves in an Impulse pattern often conform to the same time duration."
See these two pages:
https://imgur.com/a/UilOy8W
If you look in my chart, you’ll see 1777 days impulse and 4487 days correction, they relate by fib ratio of 0.38. You’ll also notice that GME is about to begin its 20 year anniversary, counting price action from February 2003. We’re right around the corner
1777days(time segment 1)is very different from 4487days(segment), by a factor of 2.5x(2.618 closest)
Going by the time rule I’ve boxed in red as well as item B.”If the second second is much longer in time than the first, the third segment will equal the first or relate by 61.8% or 161.8%”
Thus, 1777days puts us at February 17, 2025 if equal
1777x.618=1098days, April 6, 2023
1777x1.618=2875days February 17,2028
Applying rule of time alternation we choose the first two dates. Interestingly, if we add the two segments of time (1777+4487=6264days) x 0.2618 =1640 days September 29, 2024.
There’s much more to Time factor, but I’ll let you dive into the reading. 2024-2025 makes sense considering we are at 50% if public float locked. We may need to get to 74.1% float locked as RC has hinted 741.
If these patterns prove to be true. Then Future proves Past
Both waves have its own extreme (inner has smaller here). Fibo projections are very good if you try them on bases. You can go to lower timeframe and se the whole market like this. Give it a couple of months and you know the future for future years.. :)
eg gold https://imgur.com/a/qUiMBNv
There are different types of time cycles/waves. Multiple extremes S&P throughout decades https://imgur.com/a/5TOgtMh Shorter one https://imgur.com/a/ZIcB1U4 Even shorter https://imgur.com/a/T64vbSp
fibo on tesla https://imgur.com/a/KCgjpt5
And finally GME https://imgur.com/a/F2keID0 around 17K at least https://imgur.com/a/Cyvzrhx
Right in the range of what this 3rd wave can be $12k-21k, almost half way in between is $17k :)
Might not even be true MoASS. But of course doesn’t mean you have to keep holding and not sell any. At the same time keep some for the golden days when the great awakening is fully realized. At that point we may not even be on this financial system, dollar will be ded and the FED would be destroyed