Seems like that $100k per coin in the long-term is not a dream. The log chart is indicating that we well see soon the resumption of the upside trend in the series of 4th and 5th waves to completed the structure. Note, this is weekly chart. !Log scale For those who wants some evidence - take a look at the next post with Apple with a potential clear example
This sell setup may play out in a longer-term, keep in mind. So far the assumption is that daily chart shows the triangle (completed) and we are in a wave 2 of a larger impulse to the upside Anyway, I try not to miss such opportunities.
I am waiting a larger correction to continue to the downside Confirmation, as I expect, will be the strong bearish candle at H4 closing below the critical level as shown on the chart
Current structure may represent a wxy as shown on the chart I am watching for a reversal price action to enter short
The structure that is developing on the daily/ H4 is becoming more and more similar to a running flat... It means there is a good chance to see a lower low at the end, before a huge move to the upside
clear sell setup for a larger wave down
There are opinions that the price arrived at a WXYXZ structure, with a recent higher high signaling that a reversal may occur any time soon. I would like to offer another structure that also fits into the larger layout. I am waiting for a sell structure. Confirmation and second entry will be if a consolidation occurs at a trendline shown on the chart
Impulse seems to be completed. At least, I am selling within a three waves correction
One of the alternative options
Better stay aside and watch for the future development of the structure Obviously, we have an impulse, latest movement. There are alternative paths, as usually. Basic options are on the chart Going upside in a larger context will lead to a larger triangle
Short-term downside, lower low and reversal
Expect a deep correction to the impulse Short-mid term long then reversal
Simple. I am waiting for a local lower low to complete wave X in the form of a flat. Then - upside
Most respectful wave analysts state that we have a completed DXYXZ and SELL-SELL-SELL I tried to verify their counts and think absolutely different Locally I will expect a pullback in a wave 2 and will buy as shown on the chart. Sell will come, but not soon Will see
I am expecting a running flat as shown on the chart. Therefore the next week should be a continuation to the upside and then will look for nice entries to catch the large movement in favor of ZAR
The structure may turn out to be a flat. mid-term downside before the trend resumes to the upside
Nothing changed fundamentally over the week of waiting. I wrote about the potential Wolve Wave, and the EPA line may be a reasonable target for short-term buys When the price hits this line, it may be a good indication that the wave (c) of a larger correction is over, and we will get a nice running flat to continue the larger downtrend. Have a nice day, traders.
To my mind, price will go north to complete the larger combination as suggested on the chart Upside run potential around 500 pips for the wave Z = wave W