37k is key level support and 48-50k is a massive resistance, let see who wins, elliott wise this is the most probable count, BUT not the only one, i have shared below 2 most probable counts price actions wise, we have broken down from our 2 rising wedges, and we need to retest before falling down further rsi has been showing weakness on daily as well since 37k approx
eth is now in wave 5/3 soon will be correcting to arround 3.5K we have a massive support there with good volume, then off it goes to 6K, i am gonna buy the dip are you?
wave 3 of 1 59k we have finished wave a b, c was a triple combo flat flat tringle we have finished wave 1,2 now we are in 3 all these wave are from wave 1 of 5
we still have to drop around 1.5K from current price and start our bull run
Doge to decide its path in the next couple of days imo it has a stronger chance in falling down reasons: 1. h&s 2. inverse cup and handle 3. little to no volume 4. decending triangle bullish scenario (less likley) 1. falling wedge 2. voulme squezz 3. very strong rejections from the below support marked in blue how we trade? simple wait for a break up or...
we can see clearly a very bearish monthly chart on dxy, and we can bears of dxy affect on btc, now we are testing the the bearish flag and the inverse cup and handle once we see a break down we have the main resistance of the neck line of the cup and then our target is high 70's to low 80's smallest bearish move will trigger the suppressed btc bulls starting a...
btc looking good, i will open long at break of the falling channel, with a couple of retest on 4h and close at key level, trade safe and use risk management
NOT SOMETHING TO BASE YOUR TRADE ON JUST A POSSIBLE MARKET STRUCTURE
Market is highly volatile and unpredictable please use proper risk management and position sizing, any thing can go wrong market is not respecting any type of analysis since 25 days consider adding up to the wining position after the other is stopped out *Long Position: Position Size: 5% Of Wallet Entry: 36400 SL: 31900 TP1: 40000 TP2: 47000 IF 51000...
i could be wrong its analysis in the end, so dyor and use risk management
Read About short cycle theory guys, knowing one new thing is never bad
if we go up to 37.5 30K if we don't enter triangle again our target is 24K 0.786 is 22.3K sl 22- 21.8K