Passionate about Elliott & Wyckoff's theories for trading. Views are shared for educational purposes only and are NFA; consult financial pros before acting.
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$asts 30s omg asts!!! That is out of the world move! My TA sucks, this is my greatest fail... It is sad for my because I was following it 4 years and predicted the 2s long ago. Then predicted the spring, but couldn't expect that massive move. Really happy for my friends I made.
$asts I might have been misunderstood here. 🚨
This is just the wave 1 of the new cycle... Any pullbacks are corrections to fuel the upward movement!
Don't get upset for some lines going down, it is just an opportunity...
$ASTS As I mentioned earlier, nearly a year after my initial analysis where I projected the low at 3s-2.8, we have reached that point. Now, I will begin some preliminary projections on how I anticipate it progressing from here.
$ASTS It has exceeded all my expectations of how far wave i would reach. It makes me look like a fool sometimes. But the point is that we do not have any corrective wave representing wave ii. If we look back in history, the bull run happened before the launch of BW3.
$asts well done
#spacemob
🚀 We are just in the beginning, better fasten your seat belts. We had a sharp wave 2, so I am expecting a complex wave 4 maybe an abcde or a bull flag if you like to name it. I expect to reach 4s in the next few days.
$ASTS We finally arrived! It took 8 months. Now something is coming that is going to change that trend when everyone, including your mother, is bearish. Do you see the doom and gloom around you? Let's see how quickly it's going to change to the moon...
$ASTS I know I am a contrarian at this point with the general sentiment. As I said before, I will be happy to be wrong. It is a learning process.
Even if news comes out, we have seen before what happened with more derisking events imho. Lunch & unfolding were both risky events.
$ASTS Today, I've made the decision to update my pinned post for ASTS after more than a year
The correction from its SPAC has concluded imo. A new impulsive 🌊is likely to begin soon, so I'll aim to map it out as I've previously done with its correction
$ASTS I know I am a contrarian at this point with the general sentiment. As I said before, I will be happy to be wrong. It is a learning process.
Even if news comes out, we have seen before what happened with more derisking events imho. Lunch & unfolding were both risky events.
$ASTS Imho, It has entered the impulsive wave 3 and is currently forming the first four waves of wave (1) of wave 3.
My confirmation is the overshooting above the channel formation of wave 3 of wave (1). And also it holds the high of wave 1 as it should to be a valid impulsive.
$ASTS Potential Inverse iHS pattern. The right shoulder re-tested the breakout from the downtrend channel and retraced within wave ii levels. Additionally, there is a candidate spring setup and a test formation. Buckle up for potential movement.
#spacemob
🤞🚀
$ASTS My 2 cents is that everyone and their mother see the head & shoulders pattern that has formed here. A breakdown will lure the shorts in, but below it, there is a demand zone that many longs have in mind to enter. False breakdown & 🚀
$ASTS There is a hidden bullish divergence on RSI, stochastic, and MACD. Also if we look at the previous run we're consolidated in the same levels, when RSI made higher lows and higher highs projecting a huge run-up. Now, we see the same, but a more steep move than the previous.
$ASTS The structure strongly indicates that this is simply a pullback, and we anticipate further upward continuation. We've witnessed the retest of the breakout from the bullish pennant, and we're closely monitoring the RSI, which has shown similar behavior.
$ASTS In my opinion, the three phases of Wyckoff accumulation have been completed. We have received confirmation of a spring with significant volume. The formation of the double combo WXY pattern is clearly observed now, with the Y wave doing a flat ABC structure where a=c.
Smartphones of many types during our testing are exchanging SIM and network information directly to
#BlueWalker3
with an out-of-this-world roundtrip of ~2,600 miles. One more step closer to
#5G
space-based cellular broadband! 🤠🇺🇸📶🤳🚀🚀🚀🚀🚀🚀🚀🚀🚀
$ASTS We finally arrived! It took 8 months. Now something is coming that is going to change that trend when everyone, including your mother, is bearish. Do you see the doom and gloom around you? Let's see how quickly it's going to change to the moon...
$ASTS It is a 📖5-🌊completion. It has dodged many times before the reversal. All the signs are there: bearish divergences, a broken rising wedge, an evening star pattern on the weekly (waiting confirmation), wave counts, & decreasing volume. How many❤are left in the bank🐱?
Interesting log charts.
I will add a linear scale Wyckoff accumulation chart saying $ASTS has ”crossed the creek”.
This means (if I am correct) that Wyckoff phase E (a volatile markup phase) has begun.
Please note that TA is not what I do best. Still here are my two TA cents.
$asts I continue to view it as a correction within an ABC zigzag wave. Notably, there is a bullish hidden divergence on the hourly timeframe. Because of the mentioned factors, my belief remains that the overall direction will be upward.
$asts it took 1 trading day to reach wave 5 of wave iii target... Well done! 💯 It will form a nice pattern if goes for wave iv now. I will post it tomorrow... ☕
$asts well done
#spacemob
🚀 We are just in the beginning, better fasten your seat belts. We had a sharp wave 2, so I am expecting a complex wave 4 maybe an abcde or a bull flag if you like to name it. I expect to reach 4s in the next few days.
The fact is that in both structures the final target is around 3.30-3.10 zone. So don't be stressed if you see that price the following days. For sure it will be again a huge opportunity for buying more 😉
I wish you all a happy new year my
#spacemob
family!
$ASTS Only bubbles and meme stocks go straight up, then they pop. You don't want to be a bubble. A retracement is coming sooner rather than later.
Just look at $NVAX. It had funding news with Sanofi, skyrocketed to $24, and just hit the retracement at $8. This is normal.
$ASTS *Correction!🚨 Rolled out the red path (for now) and moved the invalidation point higher for the impulsive wave. I think I miscounted wave (3) of wave 1 before.
$ASTS Hidden bullish divergence was spotted in the daily time frame. The stochastic signal is turned bullish, and MACD is about to turn green as well in a few days. Bounce from the demand zone and trend line from the lows. Everything is pointing to a big move-up!
$ASTS If my current wave count is accurate, we can expect the development of wave iii from the low 3s. Yet, in the event of a violation of the invalidation point, significantly lower prices may be anticipated. GL
#spacemob
$ASTS This appears to be a Wyckoff distribution forming. With five waves completed in the channel for wave one, we can anticipate a corrective wave two emerging soon.
$BTC Wave V often comes with negative divergences, and we can see it on the RSI. Wave ii might go deeper, maybe down to 62K, but I wouldn't bet on it...
$ASTS Following yesterday's PA, which invalidated my previous short-term count, an update is necessary. I maintain the view that the current movement represents a correction rather than a new impulsive wave towards new lows. The count has been revised to a double zigzag WXY.
$ASTS My 2 cents is that everyone and their mother see the head & shoulders pattern that has formed here. A breakdown will lure the shorts in, but below it, there is a demand zone that many longs have in mind to enter. False breakdown & 🚀
$ASTS It's possible that the C wave has concluded. We'll confirm once we observe the new wave structure to see if it's impulsive or corrective. The target for the C wave is nearly reached, and wave 4 might be shallower than expected, so anything is possible now.
$ASTS 1/7 🧵Today, I will write a post without including any charts. Firstly, let me share a bit about my background. I am a co-owner of a successful business along with my two brothers. Our journey began nearly 10 years ago
$asts We don't have confirmation of the bottom yet. To confirm, we need to break the high of wave ii (around $4.78). So far, we have seen three waves to approximately $3.40, indicating it could also be an ABC pattern. I will post a chart tomorrow. Stay open-minded and cautious🙏
$ASTS Weekly update🚨
The chart reveals a complex interaction of Wyckoff distribution and Elliott Wave patterns, suggesting a potential shift in market sentiment. The highlighted phases indicate a significant supply influx overpowering demand, typically preceding a bearish move.
$ASTS Based on Wyckoff's th., the chart indicates a possible distribution phase after the uptrend. According to Elliott Wave th., it has completed a 5-w impulsive structure & is likely entering a corrective phase. Decreasing volume supports the potential reversal or consolidation
$ASTS I can't say definitively that we've hit rock bottom yet, but it's evident that we're hovering close. The bottom appears to be within my yellow target box, which has been in place for almost a year and has faced its (fair?) share of criticism. Despite the doubts, here we are
$ASTS 1/3 So as I said before, "every 70 days we have a flip, and after 3 flips we have a consolidation period of ~140 days". We are approaching the second flip which historically is the bottom.
$ASTS That has been my primary count for several months now. I was anticipating a bounce for w-b, and yesterday's tweet provided the perfect opportunity for it. The target for w-b is around 5.61 (0.618fib). If the price surpasses this level, it could trigger an alternative count
$ASTS *Correction!🚨 Rolled out the red path (for now) and moved the invalidation point higher for the impulsive wave. I think I miscounted wave (3) of wave 1 before.
$asts I might have been misunderstood here. 🚨
This is just the wave 1 of the new cycle... Any pullbacks are corrections to fuel the upward movement!
Don't get upset for some lines going down, it is just an opportunity...
$ASTS Following yesterday's PA, which invalidated my previous short-term count, an update is necessary. I maintain the view that the current movement represents a correction rather than a new impulsive wave towards new lows. The count has been revised to a double zigzag WXY.
$ASTS 1/2 Weekly update! I see a breakout, with a volume, of an iHS pattern targeting 10s. The volume profile says that until the 10s we will not find a lot of difficulties to reach there.
$ASTS Bullish vs Bearish EW counts going into ER on Friday. I favor the bullish one. The head & shoulder is too obvious for the market... and it seems like an Irregular Flat correction for the b wave. Anyway, we will find out soon...
$asts short update here.. some bullish hidden divergences to have an 👀 before Monday (Rsi 7). I believe we are in an area of a strong support. Many milestones have been achieved and price should follow imo.
$ASTS I'm anticipating a retest of the iHS neckline. If it holds, we could potentially see a final push toward the open gap above. However, if it doesn't hold, that could indicate the end of the corrective w-B, and we may be entering the w-C, which is targeting lows of around 3s
$ASTS The weekly candle is forming a shooting star (not yet confirmed), RSI is in overbought territory. We've spotted an ED for w-5 of w-i. Additionally, the weekly stochastic is curling down. There are many gaps and liquidity voids below. We anticipate a correction for wave ii.
$asts I don't like the current price action. It is getting to deep for wave ii. Not impossible though... If goes below previous ALT low we could see lows 2s... No chart today as I've got pneumonia 😞
7/7 and a well-prepared strategic plan that is not easily subject to change.
Overall, these steps will ensure that ASTS remains on a steady and focused path toward growth and success.
$asts completed wave a, it bounced on news today AH at wave b point. Now, maybe a sell the news event for wave c and closing those gaps before continuing upwards imho.
$ASTS A bullish setup for a final leg up and possibly a gap close. Bullish divergences might help to reach the neckline again. The structure is still corrective, so we might be in wave 5 with internal structure 3-3-3-3-3. If it breaks below, then wave 5 is already in.
$ASTS 3 Charts ☕
->Hammer candle on the 3Days chart. (waiting for confirmation)
-> Doji-type candle on the daily, confirmed. With bullish hidden divergence on RSI.
-> Potential iHS pattern and projection of the target aligning with the wave count and the B retracement levels.