This correction is still low volume and a no signs of bottoming yet so I am feeling that Longs will load up at 33,500 and that will trigger a stop hunt down to 33200-29700.
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wave 1 confirmed and top of wave 2 is the best entry for this short on BTC. first target is 37300. 2nd target ios 36300
volume is low and so price is going down and profits are being taken. With the current ABC in play we likely will drop to 37K where longs started to really pile in and stop them out. that will likely be the bottom of wave 4 and my entry for a long.
My target on BTC is based on macros which are not on here but I wanted to show Elliot wave correction and Impulse wave to my students. We are in wave 4 now and could see a correction as low as 27066 and still hold true that this is an Elliot 12345 Wave on the 1H
So 20 million has been being trasnfered every 15 minutes for 3 days and still goiung so the big boys are making a big move just like when we went to 17K. Same moves anfd the volume never lies this is the big move and honestly 50K could be next month if this keeps up for another week or two. This is the highest i have ever seen volume in 4 years. Meanwhile XRP is...
the volume is out of control the highest i've even seen! I think this is the big move we have been waiting for for 2 years and 20 million at a time is being transfered in every fifteen minutes to the exchanges! XRP is being sued and the price is plummeting and probably going to .10 and in the meantime BTC is exploding to 30K or higher with 70% dominance. I think...
The 50 ma crossed the 200 and we are heading to 20K
Volume profile support and resistance.
bottom indicator says buy and volume picked up significantly on the volume profile. I
looks like we should run of of gas and hit resistance where the pin bars occurred. There are still clusters showing shorts in that zone. this looks like a possible Elliot wave down to as low as 14300 by the end.
we broke the ribbon zone and if we break the cloud could be down to support at 13064