$CRCL

Bullish on CRCL if support at 6630 holds; planning to accumulate shares.

BullishHe framed it in weeks

“Monthly Crypto Webinar Series: September 19th, 2026”

ElliottWaveTraderPublished Sep 22 · 7 passages

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So, one is Circle. Um, how do I say this? So, Circle, we had a trade running in it. Stopped out of it. It was actually all of my circle trades have been profitable, but gave up a good deal on that last move because it looked to me like it broke support.

I have to I have to actually after seeing Friday's action, I actually prefer and I think Garrett, some of you guys that follow Garrett, I think he has this count where he has this as five waves here.

I agree now after this move that at least it's probable. However, we only have three ways off. So, I want to see five waves out of this. Regardless, based on what I'm seeing, I am bullish this black count as long as 63 holds.

Wait, wait, let me check that. No, I think that's wrong actually. Sorry, that's the old support. Yeah, it's 6630. So, move that up. As long as 6630 holds, I'm giving this a good chance.

And why I changed my view, I I saw this late yesterday after the market closed. I took a look. I was like, holy crap, this move up makes five waves in it. It's not impossible. Um, it's g red is going to have to be a diagonal now off of this being one two.

It's not impossible, but it's a low probability now.

the other thing I could I will say about, uh, I'm going to put a blue on here. It's also possible that even if it's three waves that we have a deep deep two. So, anyway, bottom line to me, I am I am going to accumulate a circle.

So, I haven't gotten back in yet, but I'm going to start on Monday most likely. Looking for my triangle. Yeah, triangle here. So, I use triangles. So, I'm going to accumulate. And why do I why is a triangle?

Because I'm pyramiding my position. I'm going to uh go in small small me that's why the width of the triangle small up here early next week. We'll see where it's at. I might if it's if it's clearly five waves then I won't I'll wait for the pullback.

Um and then as if it goes deep into a deep two um I'm going to turn this blue. I am going to accumulate and then if we get five waves um if I get five waves off this move then this triangle is going to move up and I'm going to be more aggressive, right?

because it it will form a higher low here and just run. So anyway, um that's what I'm going to be doing with this stock.

Um again, why the change? We had a pretty bad stopout given that we're up here. That's okay. It was profitable. Um I will uh what why the change? This is just too high. Too high to expect the red count now.

At least probabilistically. It's not it's not uh it's not uh invalid, but if it if it goes, it's a diagonal. So, that's that. That's a big change and looks good.

And then, oh, what's this going to do in the future? As long as it continues up, we're going to we could see circle, you know, 4x from now. That's projection. Let me check double check that projection from here.

The only thing I don't like about this long-term chart is this. This two down here was really low. Yeah. So, at least 389. Well, I'd say at least 333 possibility of 500 actually.

So, this would be um the max the max expectation. Doesn't mean it can't extend and go farther, but that's the max expectation what what we could um see at a basic fib level.

Uh so, that one looks good accumulating in that zone. Again, the accumulation zone is between here and 66. I mean, um just be careful buying the highs if you don't have position already in case it puts in a B-wave top in this RA.

Watchpoints

price action relative to the 6630 level

wave count confirmation

What this channel has said about $CRCL

ElliottWaveTrader has 2 calls on this stock; only the adjacent ones are shown.

2026-09-22BullishThis one

So, one is Circle.

2026-08-17

And then lastly I've got circle. Now, circle is interesting because uh the move it made in the last week gave me a short setup which I'll talk about it but at the same time it may indicate life for my black count and again to remind you guys what that is um it has a target of 465. I have held this as low probability over the last two months because we had breaks of support along this low but with this high here it's starting to look like that fourth wave for that two. So, as long as it holds the bottom of this box, which I have a 56, that could be a very very very low two. Now, don't get me wrong, that will send that to below what I would call the 90% failure rate because and that that is or the failure path. Anytime something breaks the 764 retrace in a way too, it 90% is likely to fail. And you can quote me on that. Actually, I would say 99%. Um, but again, uh, the thing to me is that buying at 56 with a stop at 48 is a no-brainer with this potential. And I don't care if it fails. I just simply um treat that position less um, less precious. But now, let's zoom in to where we have now. We have more short-term. And again, before we ever get to 56 or where where I will think about buying, we have a again range breakout failure or a turtle soup setup if you like the IC ICT lingo. I don't even know why they call it a turtle soup. Um, but you can see the little break over the range which I've drawn in the box and come back in. Also coming back was a nice bit of delta, negative delta, meaning people are selling into it. Maybe running for the hills as their breakout failed. I don't know. But um it's very interesting and the probability is really high again back to Bitcoin and Ether that it goes through it travels through this range and likely reasonably likely because anytime it's gotten bought in a range it's it's been refusing to flush but reasonably likely to get a quick flush and at least into that 55 region. If it's in the red count it's just going to keep going. It's going to go all the way to 40. So again I wouldn't don't buy 56 blindly. Let it show. Um, if you're, you know, you want to try this position now, I've got puts on it already, which I I uh suggested in the service. I might add to that if it develops in a nice way. I might add leverage fund in a foreign K that I don't have access to options in. Um, so I may be adding to it. Uh, but uh, when we get to the underside and if what you're real interested is longs, just be very careful in the situation. Again, it is 99% likely to fail. just um stop observe the market when it gets there at the 56 region and look for a reversal for which you can get a tight stop before you jump into it or if you want to buy a little bit here with a stop at 47 um that's reasonable just you know the problem with stocks they don't trade 247 in a liquid manner so that my my problem with um uh buying you know with a limit and then putting a stop you know is you might just get a very bad price if it gaps down um after hours. That's the problem with that. I want I would with stocks especially, I want to see a reversal. Um just in case you get caught in something overnight before it has a chance to really really work um and then get get a gap down and and a terrible price on the exit.

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