Beep Beep. Hope everyone is taking care of their trading accounts during this volatile phase in the markets. I noticed an identical setup on the weekly from back in August 24' and I'm looking to take advantage. We have a trend reversal on the Tom Demark sequential that helps identify trend exhaustion through a 9 Count. Currently on a 2 Count, we're testing the gap while simultaneously testing the 10WMA at 90.86.There is also a weekly gap at 101.35 ... Entry would be the 10WMA. Target the weekly Gap. Trade is as follows:
Trade Idea - Swing 
PLTR $95 Calls 4/25
Entry - 10 WMA @ $90.86
Target - Gap on Weekly at $101.35
NZD/JPY us rising towards the pivot an could reverse to the 1st support.
Pivot: 85.30
1st Support: 84.12
1st Resistance: 86.71
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🔥 Why 1.618 on BTC = Altcoin Season Coming
The 1.618 Fib extension is a common target for wave 3 or wave 5 in Elliott Wave theory. Once BTC hits it:
Many traders start taking profit on BTC.
That capital usually flows into ETH and major alts, then mid/small caps.
BTC dominance often peaks or stalls after hitting 1.618, which historically signals:
ETH/BTC starts rising
Altcoins gain strength against BTC and USDT
Retail and sidelined liquidity get attracted by BTC gains, but then chase faster % returns in alts.
🧠Example Playbook
BTC breaks out → Runs hard → Hits 1.618 (e.g., from last correction low to current high)
ETH/BTC bottoms → ETH/USDT starts to run
Majors like SOL, AVAX, MATIC, DOT follow
Mid/small caps explode last (aka “altseason” proper)
