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Mekatataku

@Mekatataku

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Elliott Wave analyst, trader & team member at @TransformTA . Nothing here is financial advice

Joined December 2014
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@Mekatataku
Mekatataku
8 months
$LINK Expecting LINK to continue trending upwards after breaking out of the range here, and if it does, I reckon it's the start of the next bull trend on the largest degree. I.e; if you're bagholding Link long term, then strap in. 2024 will be a great year imho.
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@Mekatataku
Mekatataku
2 years
$BTC Hitting resistance with what now looks like a clean zigzag imo. Potential count here is wave 4 of ending diag completed
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@Mekatataku
Mekatataku
5 months
$LINK In the last post for LINK, I warned of price stagnation & rangebound PA around $15 before continuation higher, which is exactly what we got Correction strikes me as completed with the fifth wave under way. Conservative target at $21-22, but really I'm looking for $34 area
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@Mekatataku
Mekatataku
2 years
$LINK In refrence to previous tweet, this is the macro count I'm following
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@Mekatataku
Mekatataku
2 years
@justcraizy @zerohedge Don't think you quite understand the implications of it. Price for the gas remains the same and demand for roubles will increase
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@Mekatataku
Mekatataku
7 months
$SOL Upside target has been fully realized on SOL, leaving us with the potential of a completed correction on the macro. If this is the case, the expectation is for price to reject here and go for a new low as shown on the third chart. This isn't me having a bearish bias…
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@Mekatataku
Mekatataku
2 years
$BTC Haven't been posting updates for BTC as I haven't really seen any clear pattern in this coppy mess. This checks some boxes though
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@Mekatataku
Mekatataku
11 months
@Bitboy_Crypto This is the most cringe thing I've read on Twitter (X) for a while
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@Mekatataku
Mekatataku
8 months
With @chainlink CCIP, it seems to me that blockchains can scale horizontally by distributing the workload across multiple blockchains, and then connecting them all through #CCIP . and yes, that would imply that your favourite L1 ends up as just another brick in the wall.
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@Mekatataku
Mekatataku
1 year
$ETH Update With this move down; primary expectation is wave 2 of 5th going in and that ETH will continuation to upside, but price has to hold here at $1600-1570 imo. Cut below $1550 and I'll start to lean on the alt-count with the fifth wave being done already (second chart)
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@Mekatataku
Mekatataku
1 year
$ETH Still consider the PA from August high to be corrective and incomplete. Looking for a bounce to $1270 area before the next leg down
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@Mekatataku
Mekatataku
1 year
$SOL Haven't really bothered checking up on SOL since the whole fiasko, but overall it looks to be correcting the initial sell off from ATH. Could see it continue sideways here for a bit before another leg up, but it's got a much longer bear market a head of it Imo.
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@Mekatataku
Mekatataku
2 months
$LINK Had a slight front run of the lower wave 5 target, topping out at $22.86 for a clear cut impulsive structure off the low Overall I reckon the correction lasts over the summer with a bounce to $17-18 in between A high timeframe opportunity that's not to be slept on
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@Mekatataku
Mekatataku
3 years
A simple view on $BTC in terms of Elliott wave. The initial move up marked (A) is a 3 wave move, indicating we could be in a flat correction atm. This insane pump could very well end up as a suckers wave, be careful of fomoing into it.
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@Mekatataku
Mekatataku
4 months
$LINK In the last post, I mentioned the correction being completed with the fifth wave under way This has played out well since then, and I'm looking for the final push from here Targets have shifted slightly to $23-23.5 for the lower target and $27-28 for the higher target
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@Mekatataku
Mekatataku
7 months
@inmortalcrypto @elonmusk Yeah for sure, but it's still impressive af for a truck weighing 3.1 tonnes to pull that off. Some insane power
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@Mekatataku
Mekatataku
5 months
Quite some time since I've updated the Primary count for $LINK here on twitter, and it's been tracking phenomenally well since this post back in November. Any interest in an updated view?
@Mekatataku
Mekatataku
7 months
$LINK Coming up on wave 3 target right now, and showing bear divs while being heavily overbought on the daily. I'm as bullish on LINK as the next marine, but will not be surprised to see it stall out around $15 here and range for a while before continuing towards $20+
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@Mekatataku
Mekatataku
2 years
$BTC Shit looks grim, ngl, but there are always options. We could be looking at the low being teased in the form of a B wave here. Just something to keep in mind so you don't convince yourself to short the lows
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@Mekatataku
Mekatataku
1 year
$ETH If we see it break the 1350 high, which def looks possible from here, then I'll look at how price reacts on the larger 0.618 Reject there and I think more down, but cut through it and I'll start to lean heavily on the larger degree idea in second chart. Make or break area
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@Mekatataku
Mekatataku
2 years
$ETH Swept the low, tagged the level I was looking at and bounced hard. Still need to see how this develops from here, but possible that was the finishing move for a multi-ZZ down from 2k. Larger degree expectation remains the same, a move to aprox 2.5k as shown in second slide
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@Mekatataku
Mekatataku
1 year
$ETH Decided to follow through. As far as I'm concerned, we're game on for the larger degree move.
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@Mekatataku
Mekatataku
2 years
$BTC By now the move from 38k looks like a weak impulse. With that in mind, larger degree simple ZZ with truncation in the A fits better than the multi-ZZ. Overall idea and target doesn't change though. Got to credit @SenseiTutum for calling the truncation way early.
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@Mekatataku
Mekatataku
2 years
$ETH Update As mentioned in previous tweet it looked like a larger wave was forming, and it def was. With how deep that slow grind down went, I'd say we're currently in a flat B wave. Larger degree remains the same, looking for that move to $1350-1450 before the next leg down
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@Mekatataku
Mekatataku
1 year
$BTC Didn't reach 27.7k target for a C wave, but rejected at $25250. Since then, price has fallen outside of the final channel, signalling for a completed impulse Now, this doesn't have to be a large flat, but it is a slap you in the face count that hints at new lows. Beware.
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@Mekatataku
Mekatataku
29 days
$LINK Got our bounce to $17-18, and despite encouraging news coming out around Chainlink, I remain skeptical of the correction being finished overall Primary is fairly unchanged since my last post, while the second chart shows the alternative for a sideways correction from here
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@Mekatataku
Mekatataku
11 months
$LINK @SenseiTutum and I have been tracking the potential for a series of 1-2's on LINK these last couple of days. Todays breakout on a huge volume spike further supports this idea, and imo it looks due for double digits again.
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@Mekatataku
Mekatataku
11 months
$BTC While corrections like these can always remain shallow, I have a feeling we'll get some downside in the short term before the larger uptrend continues.
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@Mekatataku
Mekatataku
2 years
$BTC Failed to fully reach 1.618, shows lacking volume for a third wave and now looks to be forming a second flat correction in a row. All signs that could indicate we're looking at two wave 1's, i.e extended move to come. Bear alt is completed ZZ and headed for new low
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@Mekatataku
Mekatataku
11 months
$BTC Was looking for that move to 28k in last post, but price remained in range for quite a bit longer. Starting to get there now though, and I'm looking at this as a sideways-combo close to finishing up with 28300-27900 as the main area of interest for completion
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@Mekatataku
Mekatataku
7 months
$LINK Coming up on wave 3 target right now, and showing bear divs while being heavily overbought on the daily. I'm as bullish on LINK as the next marine, but will not be surprised to see it stall out around $15 here and range for a while before continuing towards $20+
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@Mekatataku
Mekatataku
7 months
$SOL As promised, here's the bullish alternative to the bear count I posted yesterday. The move down from ATH is massive, so honestly I'd say chances are higher that the bottom is in and we see SOL continue to climb, despite the clear bearish count I've been tracking. This…
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@Mekatataku
Mekatataku
1 year
$ETH Update Couple options I'm looking at after the sideways weekend PA Working on the fifth of fifth with a smaller push up left for $1840 target - Primary Working on wave 2 of the fifth and we could see an extended move come in - Secondary Fifth wave already done - Alternate
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@Mekatataku
Mekatataku
7 months
Looking back at a $LINK chart I drew up while chilling at the pool in Barcelona post-Smartcon. Love it when a plan comes together
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@Mekatataku
Mekatataku
1 year
$ETH Update Yesterdays dump broke the final channel, tipping the scale in favor of the bear case as break of final channel signals impulse completion. Prefer the white count here for a ZZ that could lead to a bigger sideways style correction, with red being worst case scenario
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@Mekatataku
Mekatataku
2 years
$ETH Time for an update The bull idea of a series of 1-2's is very on edge atm. Want to see a strong high volume break of 1800 to feel comfortable on that. If we reject at that level, I'll lean on the count in the first slide. Noted some dislikes for that count on the chart
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@Mekatataku
Mekatataku
3 years
$BTC Just observing the recent PA, I have to say the structure looks more corrective, and not like the start of an impulse down from ATH. Not calling the bottom since current move off the low is far from ideal, but there's a good case for a completed zigzag on the sell-off
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@Mekatataku
Mekatataku
1 year
$AVAX Keeping it simple, this looks due for another leg up
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@Mekatataku
Mekatataku
2 years
$BTC Same lower-tf count I shared yesterday, adjusted for the new low. Pretty bearish view, but implies we can see 43-44k before a move towards 36k Plenty of ways to count this by now though, so not super confident in anything
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@Mekatataku
Mekatataku
2 years
Very excited to announce the upcoming launch of @TransformTA , a new group with heavy focus on actively trading the markets together. Team consists of @SenseiHov , @eryxis82 , @Mont3Crypto , @SenseiTutum & myself. More details to come, so keep your eyes peeled👀
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@Mekatataku
Mekatataku
1 year
$ETH No change on larger degree expectation On lower degree, I think we're either working on a sideways wave 4 off the low, or that we have one final kick up to complete wave 3 I lean on wave 3 being in and that we're currently working on wave 4, but not disregarding the alt
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@Mekatataku
Mekatataku
1 year
$ETH Got the move above $1860, so have potentially started the next wave. I'm still eyeing on the other scenario too, as something about it just sticks out. Reject here and I'll look for the setup on 3rd chart, but continue to $2k high and I'll consider it less likely
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@Mekatataku
Mekatataku
2 years
$ETH Failed to continue the push up to 1750. We could still see it climb a bit more, but with the slow bleed we've had over the weekend, it very much looks like the impulse off the low is completed Primary expectation from here is a deeper correction down to $1430-1350
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@Mekatataku
Mekatataku
1 year
$ETH Update Price held up with only a wick down to 1556. Continuation of trend is still primary expectation here, and I don't see anything on the lower degree to make me think otherwise. Bear case still possible though (chart 3), but is more of a forced fit than bull case imo
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@Mekatataku
Mekatataku
1 year
$ETH Tracked this 3x-ZZ in the TFT discord as a path to the $1660 area to complete the correction from $2146 Got an impulsive bounce off that level, and am now tracking a flat wave 2/B Looking for the C wave to reach about $1775 before continuation to upside and higher highs
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@Mekatataku
Mekatataku
1 year
$ETH Got that move up to $2000-2050 to finish up correcting the impulse down, and I'm looking for continuation to downside. Mainly expecting C wave down to $1660 area. If it sells off hard, I'll look for wave 3 target down at $1435.
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@Mekatataku
Mekatataku
1 year
$ETH Got that move down and it looks to me like we've completed wave 3 from the high. Suspect we get some sideways PA over the weekend before the final leg down to $1455-1444
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@Mekatataku
Mekatataku
1 year
$BTC Safe to say it followed through. Flat remains as primary expectation with 23k as the shortest target for the C wave and 27.7k as the target for an expanded flat. By commonality, the 27.7k target is most likely
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@Mekatataku
Mekatataku
2 years
$BTC Somewhat how I want to see PA develop for the idea of a large flat on BTC. First and foremost it needs to break above 20450 to get out of this bottom range and make it to 21660. If it can do that then this could start looking solid, but until then it's still rangebound.
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@Mekatataku
Mekatataku
2 years
$AVAX As always, it's a difficult asset when it comes to Elliott wave, but this looks like pretty clean completed flat. Looking for a move back down to $60-61
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@Mekatataku
Mekatataku
2 years
$BTC Pretty much looks on track with expectation, spiked a bit higher than I thought it would though. Looking for completion at 38-37.3k
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@Mekatataku
Mekatataku
2 years
$BTC Update Getting the push to C wave target at 23k here. Break these highs on some volume though, and we're likely getting the re-test of the 28-30k range, which is still my primary expectation.
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@Mekatataku
Mekatataku
4 months
$ETH The larger degree idea of ETH being in a series of 1-2's from the June 2022 low has remained unchanged, and its really starting to play ball now. Honestly, I'm looking for price to continue to climb from here towards $4k before we get some stagnation
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@Mekatataku
Mekatataku
2 years
With $BTC now pushing invalidation of the ending diag idea shared yesterday, it increases the chance we've seen a significant bottom, in which case this remains as my primary count. I still have alt-counts that point lower, but want to see how current move unfolds first
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@Mekatataku
Mekatataku
2 years
$BTC Right, quick update; Got that fifth wave move bang into target followed by a highly impulsive move off the low. Retracement of current move is likely imminent, after which I expect continuation to upside in the form of a wave 3 or C
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@Mekatataku
Mekatataku
1 year
$SOL On the larger degree, the count is unchanged. Looks to me like we had a sideways combo to complete the B wave, and that price is now in the next actionary leg towards upside. Could see a retrace in the short term, but overall lean bull bias up to about $44
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@Mekatataku
Mekatataku
10 months
$ETH Failed to uphold trend and broke that linear trend line mentioned in previous tweet, leading to a more bearish outcome. The move played out super fast with yesterdays liquidation event. Yesterdays move does clear up the larger degree quite a bit, with two main outcomes to…
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@Mekatataku
Mekatataku
2 years
$BTC Current thoughs on BTC is that it strikes me as mid flat corrective. Looking for 42k before another move down to 38-37k
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@Mekatataku
Mekatataku
1 year
$ETH PA tracking the outlook in last post pretty well, and is now coming into the 1270 area where I suspect we'll reject for another leg down.
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@Mekatataku
Mekatataku
7 months
$LINK Tracked the primary count pretty good so far, but there's an alt-count I have been tracking that fits better with the recent PA, where price is still working on wave 3 off the low. Think it's in wave 4 of the third atm, i.e; looking for some more sideways PA here before…
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@Mekatataku
Mekatataku
1 year
$ETH Updated view of the counts in previous tweet. Want to see price find support at $1600 area for the more immediate bull case (first chart)
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@Mekatataku
Mekatataku
1 year
$ETH Update A little choppy on the way down, but looks like the impulse mentioned in last tweet is done and that price currently is working on correcting that. Mainly expecting one more leg up to $2000-$2050 before we get the next wave down
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@Mekatataku
Mekatataku
7 months
$ETH Been a tease on the lower timeframe, showing signs of impulsive structure with substructure to push higher, but ended up failing completely. The idea of a wave 3 having started as I mentioned in the previous post is obviously dead in the water, and I have two primary bull…
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@Mekatataku
Mekatataku
2 years
$BTC There are complex alternatives that could point to a bounce around here, but this is the most simple and straight forward count I can see. Strap in
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@Mekatataku
Mekatataku
1 year
You guys want an update on the SOL count?
@Mekatataku
Mekatataku
1 year
$SOL Haven't really bothered checking up on SOL since the whole fiasko, but overall it looks to be correcting the initial sell off from ATH. Could see it continue sideways here for a bit before another leg up, but it's got a much longer bear market a head of it Imo.
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@Mekatataku
Mekatataku
2 years
$BTC Some ideas I've been looking at that favor shorter term upside (white is neutral, yellow and red are separate counts). Honestly though there's such a lack of clarity that I wouldn't be surprised to see further downside from here. Still very much a "wait and see game".
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@Mekatataku
Mekatataku
8 months
$ETH Long time no update, so let's check up on her. If you follow my updates, you'll know I've been tracking the move from $2146 high as a correction on the larger degree, which by now clearly looks to be completed. The range low was tricky PA to say the least, but this uptrend…
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@Mekatataku
Mekatataku
2 years
$BTC Just about in the sweet spot for a potential 4th wave
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@Mekatataku
Mekatataku
8 months
$SOL Posted this chart in TFT discord back at the start of Sept. Essentially the same outlook as previous post So far PA has tracked the expectation perfectly, and I'm riding the long Overall I reckon the uptrend continues for the rest of the year with target area at $55-70
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@Mekatataku
Mekatataku
2 years
$ETH Right at the sweetspot for wave a 4 now, looking for that final leg up to complete the impulse off the low. Fail to hold here at 1500 and I'll start considering the possibility that we have a completed impulse off the low already (see third slide).
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@Mekatataku
Mekatataku
2 years
$BTC Overall there is lack of clarity for BTC in this range, but this recent pump is clearly impulsive. Regardless of what the larger degree is, it's very hard to argue against looking for longs on a retest of 20k, and right now it does look due for a retrace
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@Mekatataku
Mekatataku
1 year
$ETH Given the PA development since the last post, the larger flat has increased in probability while the bull alt has ended up becoming more of a forced fit Still are options ofc, but potential for a deeper retracement is here, with good confluence for termination at $1455-1444
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@Mekatataku
Mekatataku
2 years
$BTC At a confluence area now for potential termination. Obviously market is very dumpy, so cut through this and 18-19k is next level of potential support.
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@Mekatataku
Mekatataku
1 year
$BTC Long time no update, but it's pretty much been following expectation since last post. Approaching that $27.7k target for a C wave, if this is indeed an expanded flat on the larger degree. Regardless of larger degree, it's a good area for this impulse off the low to complete
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@Mekatataku
Mekatataku
2 years
$BTC Current thoughts on lower timeframe for BTC is that it looks weak overall. Good potential for a completed corrective off the low
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@Mekatataku
Mekatataku
2 years
$BTC Always gotta look for a bull alt. This count is ugly and a bit of a stretch, but it works. Want to see volume pick up pretty well in this case. Getting back above 41540 would be the first step.
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@Mekatataku
Mekatataku
1 year
$ETH Tagged the area for C completion, though with a slight front run, pivoting at $1460. Hard bounce since, and looking like this will reach the conservative wave 5 target at $1840 at the very least
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@Mekatataku
Mekatataku
2 years
$ETH Looks like wave 3 extension on lower degree. First chart is from yesterday and was only shared in discord, PA has tracked it pretty well since. 1575 is a big level so can see some consolidation here, but first wave off the low might push as high as 1700 before correcting imo
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@Mekatataku
Mekatataku
2 years
$BTC Still looks weak off the low imo. Could be a leading diag forming as shown in yellow, or we're potentially completeing a complex zigzag and headed for a new low.
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@Mekatataku
Mekatataku
2 years
$ETH Two main counts I'm tracking here Kinda prefer the second one tbh
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@Mekatataku
Mekatataku
2 years
$BTC Let's check up on the idea of a relief rally as well as have a look at the larger degree expectation here. The idea remains, but looks like there's potential for a test/sweep of the low first Larger degree I doubt a flat here would be a wave 4, but rather an X wave as shown
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@Mekatataku
Mekatataku
1 year
$ETH Update Got a deeper move for the C wave in the white count than I thought we would get, but insane reaction at completion. A zigzag like that can ofc be a completed correction in and of itself, but I still think we can get a larger sideways move here
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@Mekatataku
Mekatataku
2 years
$ETH Update Let's check up on the count from previous post. PA has tracked count pretty well so far, and I'd say wave 3 is done and we're working on wave 4 atm. Want to see support step in around 1537-1506 for wave 4. Overall, on track with the larger degree expectation
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@Mekatataku
Mekatataku
11 months
By the poll it looks like bears are in the lead 🐻 Personally think PA shows clear signs of an uptrend, and while we could see lower prices in the short term down to 28.5-27.5k, I lean bullish overall.
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@Mekatataku
Mekatataku
11 months
Sentiment check ✅
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@Mekatataku
Mekatataku
2 years
$BTC Could always climb a bit more, but this is the most simplistic view I see atm
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@Mekatataku
Mekatataku
2 years
$BTC Still on the idea of this being a flat, with a potential ending diag C wave. Good confluence around 41200-40800. Continue to push above 43100 here and it could be a smaller and uglier C already completed.
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@Mekatataku
Mekatataku
2 years
$ETH Fully reached the price range I was looking for over the weekend with a high of $1789. Following expectation is still continued downside to $1300-1200.
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@Mekatataku
Mekatataku
7 months
Careful out there lads
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@Mekatataku
Mekatataku
2 years
$ETH Right, we got the bounce mentioned in previous tweet and are now getting to the $1720-1790 area where I think we'll top out and reject. As mentioned, the following expectation is another move down to $1300-1200 at least
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@Mekatataku
Mekatataku
2 years
$BTC 30m Bull and bear case
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@Mekatataku
Mekatataku
1 year
$ETH Time to decide - Reject or follow through. Favoring continuation tbh, but feels pretty 50/50 here Check previous tweet below for context.
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@Mekatataku
Mekatataku
7 months
You guys took it well above 50 likes. Will be posting the bullish alternative on $SOL today!
@Mekatataku
Mekatataku
7 months
$SOL Upside target has been fully realized on SOL, leaving us with the potential of a completed correction on the macro. If this is the case, the expectation is for price to reject here and go for a new low as shown on the third chart. This isn't me having a bearish bias…
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@Mekatataku
Mekatataku
2 years
$BTC Update Took out highs, broke through channel and imo it looks good for continuation to upside. Possible for PA to continue being choppy, maybe something like this
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@Mekatataku
Mekatataku
2 years
$SPX Impulse off the low was invalidated yesterday. Alternative counts now is tripple ZZ like @SenseiTutum has been talking about for a while, large diagonal to downside or leading diag off the low First two should give similar lower degree price action and point to new lows
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@Mekatataku
Mekatataku
1 year
$ETH Just sideways PA since last update Still long bias and eyeing the potential we're starting the next leg up now, but there's complexity on the lower degree that makes me suspect we could get more sideways (2nd chart) A count worth keeping in mind if we break 1860 and reject
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@Mekatataku
Mekatataku
11 months
$ETH Taking its sweet time, but not much changed with price still looking corrective to downside Currently resting on support, and I lean towards continuation to upside sooner or later However, drop below the linear trend line in second chart and I'll start to lean more bearish
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@Mekatataku
Mekatataku
2 years
$ETH Proper rejection at CPI print today. Larger degree expectation remains unchanged, and I still think we're simply correcting the proposed impulse from June 18 low Working on the first leg of the C to downside imo, timewise we could see target met at the end of the month
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@Mekatataku
Mekatataku
2 years
$BTC Looks like correction from the LD is finished or very close to Expectation would be another motive wave down as shown here Note; I still have a bullish bias and remain long for 28-30k, but critical area here I can't ignore, hence hedging against bias
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@Mekatataku
Mekatataku
2 years
@cramerjaotto @roze_casey @JosephamillerII @KeepWatching17 @1791Trad @jordanbpeterson Thought you just said it was stupid to call it "back breaking" work. Anyways, you fail to see that Jordan's post is literally only about showing gratitude to people like yourself, but you twist his words to find offense where there is none.
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@Mekatataku
Mekatataku
2 years
$ETH Update This whole move has been so much cleaner on ETH than BTC. Ideally want to see it tag that third wave target between 1650 and 1700 before a larger correction.
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@Mekatataku
Mekatataku
2 years
$ETH Should be noted that the target area for a C wave in linear is the same as a wave 3 target in log. If and how we bounce out of this area will be key to determine which is the more likely count
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