Very strange movement was yesterday, I even thought it was impulse. Now I think that it is green wave (X). So, I am still expecting 24 300 level.
• green (A)(B)(C) discussed a lot of times, and I think it is a correction instead of the impulse • I expected, that price started impulse up after it, but now it is definitely the corrective wave, so I marked it as (X) wave • if the previous is true, then BTC now started bild wave (Y) to the downside Goals in the down very different - from 23k with 1:1...
Blue XYW looks finished. Reached yellow trendline of channel. RSI without divergence for now - it is not impulse (but likely, it has not finished yet, and price will do one more top with divergence) I think it is good plase for short with goals below 25 000. Also, likely, price will still growth, but I don't see any possibilities for long with good SL.
• price reached edge of yellow channel • wave C did 10%% of wave A • purple v did 100% of i+iii
Last green (w)(x)(y): • first ABC clear enough, maybe it is not impulses, but it is triple • wave (x) very near with impulse, but ok, maybe it is middle-wave • wave (y) - it is definitely not impulse, because blue wave B created the lower extremum, which divided two parts on triple A and impulse C. I cannot count blue A as an impulse, maybe I am wrong middle...
• price reached edge of red channel • green (y) reached 100% or green (w) Likely, price finished red wave ((x)), and we can growth to wave ((y))
No any sharp moves, and price still in the downtrend channel. 27 000 still possible for wave c. 27 200 - good level of liquidity 26 920 - also good level of liquidity, but for wave c it will be too much (just for my opinion, not for market, of course). Is it possible, that my ABC it is impulse down? I don't think so, at least until price doesn't take 161.8%...
Still in channel. Green (w)-(x)-(y) looks finished Seems like BTC wants start something new to downside. Today we will get CPI y/y, so we can expect some sharp moves. I am expecting that it will be move to downside, but usually for similar news we got or stablecoin or move in two directions. Move to upside still possible, to the edge of triangle, and this will...
Last move down looks like motive wave. Last flat can be WXY or ABC, but index needs one more leg to upside, around 105-107. I am expecting this move until 06.06.2023
Last move looks like completed corrective structure ABC (or WXY). Now we got good reaction to the liquidity zone, good chance to enter to the uptrend for testing triangle's edge. But be carefyl - it is posible, that downtrend will be continue to 161.8%
Timing: • until the 100% period we have 2 weeks • right now we reach 61.8% by the time • also, the price reacted to 38.2% Correction levels: • regular for wave 4 it is 38.2% (for our case it is 26 600 level) • for crossing with fibo-time it is 26 000 level - it is possible because upper than 50% • triangle for wave B also likely • divergence for wave A very...
I am really surprised, that we reach my previous goal after FOMS (29 200). I changed red wave from WXY to ABC, because of assumption, that we have impulse in red ((c)). It is really true? I am not sure, actually. Red ((C)) is already reach 100% of red ((A)). It is enough. But, move down did not look like something new, so maybe we still in blue wave 4 and we need...
I hope we will reach goals for red wave ((Y)). Need to now, that today it is very dangerous to trade because of FOMS.
Very possible, that we already finish correction, and now road to down is open.
15 minutes ago I though, what we are building blue 12345, but now I marked it like blue ABC. Did we finish green (X)? I am not sure about it, but it would be great.