Good day to you! This is just a follow up from my post earlier today on the running flat wave 4 concept. Our target was hit and actually hit the 1.272. I originally planned for the 1.236. O well. Profit target was met. To be fair, I am only choosing "long" because i am not in most of my short anymore. Very small portion remains. I am not saying blind long. ...
Friends. Just an update regarding this idea. It pays to watch all timeframes. Especially with as much consolidation as we have had over the past several days. It has allowed the RSI on the daily tf to potentially create a 2:4 divergence. Meaning this could be a signal for a 5th wave to come in this move. I have alerts set for $21900 on the bybit chart to...
sub wave 5 underway. entry model will form likely around pow. 27-29k still coming
sub wave 4 completed with a hypodermic. still a bit lower to go
same setup as FTX. topside liquidity still needs to be taken out as well as filling the CME around 28k area - 2W OB
trying out some diffrent counts. still no accumulation just yet still needs a few more days
no Accumulation that i can see yet. nice shark forming tho. we should bottom next week and begin the move up to 27-29k
waiting on AC1 to form soon for the final push up to 27-29k
This is just being shared as an idea to my other post after mentioning that at least a local top was in a few days ago. Considering a bullish ABC retracement idea. I presently have an RSI alert set to watch when the DAILY tf pivot low is taken on bitcoin. If that pivot is taken, I will be watching the 4 hour RSI for bull divs to potentially confirm that the...
Just an update. I have been charting ETH more as the count is more clean and appears to be more leading. I have this now where this impulse move was over several days ago and we are in the midst of a potential MTF(2/4HR) Wave 3 to the downside. Be careful out there. For what it is worth, there is potential that this could be the beginning of an ABC...
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AMZN same bubble pop and TBDH pattern BTC has right now. 1-2 more false bottoms to go
Hello and welcome to this analysis The stock has been in a decline since Sept 2021, all bounces have so far been sluggish as it continues to make a lower high lower low pattern. It was removed from Nifty Next 50 hence the recent exit pressure from Index based funds In the immediate short term due to a heavily oversold scenario a dead cat bounce appears to be in...
Shows the the last 5 wave up moves for comparison!
Long time no see. I believe ATOM is forming the fifth wave as ending diagonal and we formed only the leg A of ABC. After correction I'm going to go long. Pretty much the same picture across other cryptos.
This is just really for documentation of an idea I had been tracking for some time. As you can see, this idea is showing that we are still within a HTF wave 3. Within that wave 3, it is being theorized in this idea that we could be putting in an expanded flat for a wave 4 of that larger degree 3. Which is why the 3rd wave is not being marked with that last ATH,...
We can see on the daily chart we have a possible ABC waves with Wave C targeting around 17k to 17.3k So if BTC can keep a price action above 16210 we can keep the Wave C targets
Expecting going down using Elliot Wave and possible double bottom. Expecting sideway until around Week 2 or Week 3 January 2023, may happen market correction after this timeline. Beware of gap or long candle that may expedite reversal. Good luck.