description on chart. wait to short in red box, take profit at maybe bottom purple line
this seems more symmetrical with the minor yellow abc counts making up the B of the yellow wave. meaning that the past few days are a sideways flat correction and maybe a slight pump to 1550 or lower before continuing to make our B leg to double bottom, then one more bounce to make the major C leg then doom to new lows
i think i drew this right for the elliot waves. black arrow is doom to new lows. the minor abc correction in purple does not seem symmetrical and proportional. the a leg is so long compared to the b and c leg in purple. i will publish an alternate more immediately bear scenario
i have highlighted in the yellow boxes the october dump/bounce with our most recent dump/bounce. the october rally off the bottom took 4 days to hit the daily center BB which is also the 20 day sma. then it consolidated and made a run at the top of the bb failing slightly below it. it did all of this on sideways volume. it also had a bullish div on the rsi in...
i found the volume, it was in the dump candles on futures. probably chop around then moar doom
what breaks first yellow or orange? short heavy here, set stop above 1360. why does the 1hr pump candle have the lowest volume out of all the previous pump candles into same resistance zone? are the whales finally going to break resistance or are they filling shorts?
where's the volume? since the low this is attempt #5 to break the yellow resistance zone.
probably will be scalp short, target to enter is in solid red box. keep in mind the weekly lower bollinger band which is currently at 1421 which can offer significant resistance on the way up. however it can easily wick above it. so 1460 to 1490ish is safe target to enter a short. 1373 can be first take profit target for half of position and reevaluate as we...
yesterday's pump happened right at midnight china time. (thick black trend line) hidden bear div played out. higher rsi into the overbought zone and lower high in price. i see 2 target zones on the downside in the red circles. today is settlement, lets see what shenanigans are in store for the next few hours. note the 1h macd line just hooked back down. 1hr...
the low of the week may have been put in already at 1905. the downside targets in the green boxes have been hit, so it's quite possible we've "bottomed" for the week. 1hr macd histo crossed and more importantly the macd line is now positive which indicates a primary uptrend. there is a threat of a 2hr and 4hr macd line cross above 0. if the macd line stays...
hidden bear div with higher high in rsi, lower high in price. these are anticipated targets. sell pressure by recent bagholders in the red ellipse. fibonacci OTE short zone. we may have hit top already since it's hit the 61% fib
head/shoulders confirms doom within 2hrs. target for price at bottom of arrow
time of doom within 4 hours. watch the red box, it is a time target not a price target. direction is down
these are my working charts, so it's quite messy. "major" price purple trendline from 1870 was tested in the two blue circles before failure. the first circle was the OTE long zone for the previous post settlement pump. the second circle was a test of the trendline and many people thought was a double bottom for more up, when that failed, more baghodlers were...
apologize for my messy possible path in red or blue within a symmetrical triangle. i consider this a consolidation pattern before a decisive move up or down. likely to be down since price was trending down before it started the symmetrical triangle. larger time frames of 1h, 2h, 4h macd is still below the 0 line. i dont think 1h rsi is low enough and does...
15minute bear div, weakening up trend, wait for it to playout before shorting. red box is optimal target to short
hidden bull div on 5m chart, lookin to short red box. higher time frames of 15m rsi will have hidden bear div