if we're going to continue up, this zone was inevitably going to be retested. market reacted to nfp numbers this morning. expecting this to wick up and/or consolidate out. bear div leading into hidden bull div. we'll see what happens.
still not really seeing any reason to deviate from this plan. each level attempted/rejected, then flipped and retested as support. momentum on the daily has been increasing, not decreasing. no bear divs and has yet to get anywhere close to overbought. this move is still full bull, imo.
price currently being accepted above our resistance zone. strong close on the weekly. think we should consolidate around here before a final push into 4360 range.
120 day downtrend breakout/retest is finally ready. think it'll outperform just about everything. we simply melt up.
updated wave count. can't flip bias here as we potentially higher low. had this area marked for a good while now. will flip bear if we lose 20k. long and strong.
actually showed strength in the afternoon session heading into fomc tomorrow. think this still looks really strong. oscillator looks good. rsi no where close to oversold. this might have legs to push into that 4100 formal resistance.
$eth showing serious strength as we're coming up to our tp zone. showing slight signs of momentum drop off on the daily, however no real divs to work with just yet. looking for $1860-1900 potential target zone.
like bitcoin, no real divs to work with. but retesting rsi eq on the daily. don't think we've hit the real swing top. retraced to standard wave 4 zone.
adding confluence to bitcoin longs. $bear (3x btc short) feels like bear flag. rsi tapping overbought. think this moves down.
short targets hit this morning. currently showing support aroound $21.6. no bull divs really to show for on HTFs, but retesting rsi eq on both 12h and the daily. think this wicks up the remainder of the day as we start to make our final push to 28k.
still looking for 28k after this pullback to 20-21.5. note this significant unfilled cme gap in that region.. this should eventually get filled. was originally thinking by eom, but might push back into august.
expected a little bit more of a challenge once we reclaimed the zone, but closed really weak and below yesterday. if that was top, then this might actually end up retesting 20k as a thick wick. couldn't be down there long, as that would invalidate our count. would potentially take 28k off the table.
currently printing bearish engulfing on 4h. looks like most alt charts, other than eth. attempted the high and ultimately rejected. bear divs on multiple TFs. think it forms a HL before the run to $10 with the rest of the market.
2nd leg finally hit overnight. should get a minimum move of wave A. likely slightly extended. invalidation above the high.
ranged under the high and ultimately rejecting. expecting a slightly extended wC to bring us down to $20, where we're looking for w5.
currently failing our retest zone similar to eth. btc didn't even make it up to it's retest zone, which makes me think this could bleed a little further than wave a did in comparison. invalidation above the high. still want $20.
add to shorts at this resistance as well. ride to at least 21.5 before we reassess
thank you for this opportunity to add to our avax short at this resistance. ecb rate hike lol like anyone cares about the euro. nuke this back down to $20 with haste.