we may be a little late to the move, but we're officially bearish. key deviation and eventual rejection at our S/R pivot. this feels like the start of 5 more waves down
feels bottomed with everything else. looking for the retest. should be almost 20% move up from here, if pa allows it. would look to short a failed retest once we're up there.
ran the untapped liquidity and finally got the huge bull push we've been looking for. getting to local resistance now. will assess pa at the potential tp zone at most recent local high.. if we can push through that, we're goin to 28-30 keks.
hit our box, almost to the penny. really want to see this push through and break out. wave b is our tp. the volume and wave count of this most local leg down concerns me. think we likely will get another local 5 down around our wave b zone. for now though, we long.
you can literally feel the strength building here across markets. spx failing to get to the low. this really feels like bottom. minimum target is $4190-4250ish. long your longs, anon.
bullish confluence here with $bear rising wedge setup. admittedly, we weren't expecting powell to rock markets like that heading into the weekend, but it's given us a great opportunity to make it all back in one trade. linked btc setup as well.
wave A feels complete. we're long mainly avax with a little bit of eth atm and looking to play the retests. expecting some resistance at 1720 for tp1, with tp2 ending somewhere around 1900. also showing momentum divergence and 4h rsi trendline breakout and retest.
macro count is a little easier to see on eth. similar to btc, eth showing 5 down wave A, so we should look for a wave b retest, followed by 5 more waves down. what's compelling about this play is it times up with a 'sell the news' type merge event. additional confluence, if we get $1900, a move to get us to our wave c zone would be equal to wave A. where...
there's nothing quite like a 5 min powell speech on a friday morning to completely nuke the market. unfortunately, looking right now like a 5 wave down A, so we should be expecting an ABC wave B, followed by another 5 waves down for C. our standard wave B retest zone confluently sits right at the aug and q3 vwaps. looking for somewhere between 23 and 24k.
nice div loooking to confirm on 3d. tapped oversold. huge gap above. think this could run up.
$sol looks like every other alt out there. ran up to resistance and failed multiple times. like everything else, looks destined to revisit the bottom. $30 bottom ticker target.
$eth looking like most other charts... completely topped. potential leading diagonal, so macro count looks good. however, expecting significant pullback here. full target @ <$1100 to retest the low.
slight truncation here, but feels like we topped. this is the potential swing macro bullish thesis, which has this most recent move off the bottom as a leading diagonal wave 1. would lead to abc wave 2 down towards the yearly bottom. really like this count for now. short to the lows, anon.
$xau rolling over at resistance. following more closely the path of crypto atm. looks absolute terrible. expecting retest of the lows, at a minimum.
closed all shorts this morning. will look to reopen post bounce. going to be away from my desk all day, so this is the only chart i'll be posting. I like avax for the bounce here. strong bounce off eth pair support and held overnight vs usd while everything else dumped. if we get even the slightest bit of recovery here, avax should be high beta.
finally flipping back to support. the real pump (btc dump) hasn't even started yet. all shorts are comfy. this should retest the high. long bear. short corn.
market looks settled after the dump. looking for retests. currently long, avax for the high beta, but should play out similar to btc. think these should be safe longs for the next few days.
we've been short $link since the 10th and are expecting a serious pullback, along with the rest of the market. similar set up to our bitcoin chart posted a few days ago (linked) legacies also look topped. this is either going to bounce around the lows to form a wave 2 bottom, or this was dead cat and we have 5 more waves down. playing it level by level.