Maybe the next week will be decisive for BTC, the 43k$ level must be broken to go bullish.
Falling Wedge Perfect Eliot wave count on the way up 1,2,3,4,5, ABC correction wave Lingering at the 200 EMA and SMA (previous bounce zones) MACD rising from the beginning of the year RSI < 35 IV on call contracts is historically low, buying OTM August opex
AUD/CAD Wave 3 returned from 1.618 of wave 1. If we are in wave 4, wave 5 may begin. A zigzag formation is seen in the 4th wave. It received a response from the region.
Canarabank has berish wolfewave with AB=CD , currently at reversal. Target on chart...
day time frame - $BA is forming the right shoulder of the H&S. Surpassed old resistance level labeled bearish confirmation $240p for 7/16 is a money maker for sure. Best of luck
- Eliot wave theory is very interesting in the way it works with market phycology to predict trends. - Ask your questions and we can discuss how the theory currently applies to btc. There isnt a perfect answer, I think ultimately it helps us determine better entries and exists.
and Finally we find the perfect #BTC PENNANT pattern, its #BERISH pattern but all is possible in #BTC and i'm #BULLISH. i take long X10 trade in 35.9k with SL under 34.5k and TP0 in 42k
#ENJ big chance to break out and make quik +15% gain from now
Waves is good, it has nice volume and is on the support now #WAVES: ENTRY: 13.8-14.1 TARGET: 15.9 - 18 -24 Stoploss: 12.9
Uptrend - minuette wave (ii) of minute ((iii)) unfolding in 3 waves – zigzag subminuette b of (ii) ALT: ((a))((b))((c)) correction is over – motive wave down may unfold critical price area previus daily close 1.2190 PP 1.2180 static S/R 1.2159S FIB: 1.2238 - b of (ii)
Shark , deepcrab and wolfewave all has almost same PRZ... Lets see how it react at PRZ... Target on chart...
ABCDE Wave and a dump to around 30000-32000
I see BTC in a correction right now that could go to a low of 24k completing its correction wave II. Then once this correction wave is complete a close above 4 would confirm the start of wave III which would take BTC to 120k ish.
& This phase E of wyckoff distribution can play with 70% chance