UNI/USDT - Long and Short Plays
Not really sure about this one, as I'm expecting BTC to do a fat ABC retrace after the Elliott Wave that recently finished playing-out (see last two posts) - If BTC does retrace, ALTs should follow.
Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence.
For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions.
Red EW- Long term (1D).
Blue EW - Medium term (4h).
White EW - Short term (1h).
Short term - White EW
Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak.
Medium term - Blue EW
After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak.
Once wave-4 is complete, we should head up to wave-5 @ 2.618.
Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile.
Long term - Red EW
After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618.
I think UNI will top at the red wave-5 range @ 2.618.
Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile.
I put a fib extension on my Volume Profile:
Red wave-3 taps the Volume Profile's 1.618.
Red wave-5 taps the Volume Profile's 2.618.
Let's see...
Ignoring all timings. I'm only focusing on the Elliott Wave counts and any confluence.
For UNI/USDT, I've got 3 x Elliott Waves to give me short, medium and long terms plays in both long and short directions.
Red EW- Long term (1D).
Blue EW - Medium term (4h).
White EW - Short term (1h).
Short term - White EW
Assuming we've already bounced off the white wave-4, I'm now looking for price to tap wave-5 @ 2.618. However, if wave-4 hasn't hit yet, price could first come down as low as the white wave-1 peak.
Medium term - Blue EW
After the blue wave-3 gets tapped @ 1.618, we should retrace to create wave-4. This could be as low as the blue wave-1 peak.
Once wave-4 is complete, we should head up to wave-5 @ 2.618.
Blue wave-5 also aligns with the Point of Control (POC) on my Volume Profile.
Long term - Red EW
After we retrace from Red wave-1 to wave-2, price should back head up to the red wave-3 range @ 1.618.
I think UNI will top at the red wave-5 range @ 2.618.
Red wave-5 also aligns with the Value Area High (VAH) on my Volume Profile.
I put a fib extension on my Volume Profile:
Red wave-3 taps the Volume Profile's 1.618.
Red wave-5 taps the Volume Profile's 2.618.
Let's see...
Trade active:
Short term white wave nearly complete (or already completed, if that wick from yesterday was the wave-5 tap).
I'm now looking at Mid term blue EW, with a retrace from wave-3 down to wave-4.
Screenshot is a 15m close-up:
I'm now looking at Mid term blue EW, with a retrace from wave-3 down to wave-4.
Screenshot is a 15m close-up:
Comment:
On the 15m screenshot I've made the short term wave red (it's white on the main post).
Trade active:
This is still playing out.
Now looking for a big (but slow?) move up from blue wave-4 to blue wave-5 ($10 range), completing the larger Red wave-1.
Price will no-doubt chop up/down between now and $10, but as long as blue wave-4 holds, I'm still hoping we go higher (much higher).
Now looking for a big (but slow?) move up from blue wave-4 to blue wave-5 ($10 range), completing the larger Red wave-1.
Price will no-doubt chop up/down between now and $10, but as long as blue wave-4 holds, I'm still hoping we go higher (much higher).
Trade active:
Blue wave-5 (2.618) just tapped!
Price should retrace to near red wave-2 now, before heading back up to around $14 (red wave-3)
That pump was pretty sick though, price could just keep going up....
Come clear some vectors below first, please!
Price should retrace to near red wave-2 now, before heading back up to around $14 (red wave-3)
That pump was pretty sick though, price could just keep going up....
Come clear some vectors below first, please!