My next swing trade will be short Bitcoin in the next few days from 10,100 - 10,200 range.
Watching the Leading Diagonal 1 to finish in the next couple of days in a decent pump for the 2 in preparation for the bigger 3rd wave dump!
Looking Down From Here. Waiting for solid 2-4 Trendline Break (orange) and Wave 1-2 Confirmation Down before entering Short.
This is the detailed view of the Y Wave which should complete the correction. If we are in an ABC Flat I have the final 5 Wave count going to $6,756. My alternate count for ABC Zigzag (purple) I have the final 3 Wave count going to $8,098.
IMO we have been in a WXY Correction since $20k which should end at $6,756 to complete the Wave 2 if Wave 1 was $0 to $20k.
IMO we have been in a WXY Correction since $20k which should end at $6,756 to complete the Wave 2 if Wave 1 was $0 to $20k.
Lets see how this ages as we head into September!
Bullish for the next month until we complete Wave 4 before heading down to complete the final Wave down in order to start the longer trend A-B-C correction. Double bottom or lower bottom incoming in February - March.
Because why not!!! as of January 1st BTC ( BITMEX:XBTUSD ) looks to be headed to 4,800 - 5,200. After which it breaks down to 3,600 and back up to 4,200 before going down to double bottom at 3,100 or to set a slightly lower low at 2,900. Then it moves sideways to be rejected again by the upper line of the falling wedge pushing it to a final low of 2,400. It...
Now a beauty H&S on the 12hr! Measured Move down to 2940ish - bottom of February Falling Wedge!
BITMEX:XBTUSD I am 80% bearish that we are going down to 3350 - 3400 on break of the 2-3 day long sim triangle that has been forming and will break in the next 1-4hrs. Support to be found along the bottom line of the 11-12 day descending wedge. A bounce off 3350 will shoot the price up by the measure move of 13% and in doing so will break the top line of the...