Hello, we may get a really nice trading setup here for today/next week. Currently I am just waiting for a next move up into the red target box. The 1/1 ratio for wave C is at 27460. We may then push a little bit further to grab liquidity and get a triple top scenario, before moving down to highlighted targets. The RSI would allow us, to get this move. My TP´s...
Possible Trade Idea: Enter at current price TP1: 21450-21500 TP2: 21200 SL: Recent High
Hanging man candle, demand zone, overbought, we will correct soon. Long when we retraced, expecting the 0.5 Fib Level here.
I am currently long until 17250. I am looking to short a wick at the 16500 (0.618) to complete the pattern into november lows.
After we got an impulse move downwards we are currently looking for a healthy retracement. I am expecting a move towards the golden ratio at 17290 - 17540. We could go a little bit higher, but the possibility is low for me. I am going short at the red box all the way to november lows. If we don´t break the low at 15500 we could see a massive push upwards and...
If we fail to hold the red box at the 0.618 and turning into resistance another leg down is imminent.
I would assume we finished the 5 wave move up, hit the 1.272 at 17270 A 5 wave move up is followed by a corrective move If we hold the low, and it's all about that low, we could see another 5 wave move leading to 18000.
Expecting a small push up here to the 1.618 at approximately 17400 Small bullflag/ falling wedge on lower timeframes could play out Invalidation would be a close under trendline
If we take out this high we could move big to highlighted targets. The full ABC Retracement takes place at approximately $25 Be careful, could just take out the liquidity of recent highs and then dump. Look at BTC Price when breaking the high. (Linked this idea) Happy Trading
A sharp upward move is possible but for me very unlikely. Favoring the second scenario here. If Low of 17600 holds new lows will get invalidated. Then we are ready for some real upside.
Bearish divergence Overbought on nearly every time frame This will drop fast to 26$ Trade with caution
Reached my price target, perfectly played out. Due to BTC not looking good, increased dominance, I really don't see that Solana will get another push up, like stated in previous analysis. We could just have an extended C leg here and not a 5 wave move. Invalidation of my scenario would be crossing the recent high of 42.745. The second wave could have started...
Yesterday we made a really sharp move to the upside, the big question is what will happen next ? I am anticipating two scenarios here, either we got our ABC move to the upside within our pump yesterday, or we still get our C leg and then pulling back down. The 1:1 ratio is approximately at 21368 for the C leg if it comes. The macro trend is still bearish...
Very high probability of price reaching 21k (it could push higher tho) After a 5 wave down move, I expect an ABC before making another 5 waves down
Currently looking at 3 scenarios: A test of the 20k is most probable for me. Blue scenario: We push through recent high approximately 21800k and finding resistance at 23500 - 23800k Red scenario: Head and shoulders pattern plays out, test of 20k region and IH&S Neckline and then we push through upper targets (favouring this scenario) Yellow Scenario: Double M Top...
Target of this pattern is the 0.382 with the rising wedge 19.7 - 20k
Either we break 21700 over the next few hours or BTC will go down at least to the neckline at around 20000.
Please trade with caution if you're long. Very clear 5 waves up, due to high overbought stochastic, I expect wave 5 is nearing to an end. Expecting correction to 0.618 to 0.702 before another leg up.