Recent moves are very dangerous concerning bullish option.
The structure is not impulsive. Open interest does not grow.
Some other things make me think that main scenario now is move below 1000.
The structure is not impulsive. Open interest does not grow.
Some other things make me think that main scenario now is move below 1000.
Note
Had to reassess the ETH. It does not look like a diagonal any more. If not, I see only impulse now Note
Getting ready to go long in BTC Note
Wave C ended with failure and it is ending diagonal. Strong setup for long. Note
Correction continues Note
Despite up trend on Daily, this irregular looks nice. Which implies further down movement Note
Red wave C turned ount to be a triple zig-zag. No, I suppose, BTC is heading to 32-33k. Note
Note
Initial variant with wave C comprised of zigzags was correct. This is highly bearish chart. Note
Gone short Note
Note
If the pattern is finished, will be extremely bearish 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.