limitlessroh

limitlessroh

Main Scenario - Double three-ing -Let's suppose 49-39k was an impulse. -After a retracement(Blue B), a falling wedge was observed as the first wave(green), meaning there will be more. -Despite a sharp drop(grey B), there was a strong bounce from 42k. The bounce had impulse characteristics. (Dark grey; Grey C) -This opens up a possibility of a flat wave. (Grey...

limitlessroh

Main scenario -Anticipate a drop to 37k, making a 535 zig-zag pattern. -Previous wave from 49K-38.5K can be an impulse. -Suppose CRYPTOCAP:BTC is wave 4-ing, if the first wave within wave 4 is an impulse, it substantially raises the possibility of breaking the previous bottom. (aka. 5-3-5 zigzag). Sub scenario -If CRYPTOCAP:BTC penetrates below 37K, it...

limitlessroh

Main Anticipate one more drop below 39.5K, making a wedge pattern before CRYPTOCAP:BTC retraces to minimum 43K. Today 4h RSI dropped to a new low, raising potential movement to go down further. Looking through a wave lense, I see a potential impulse downward movement presenting suppose 41.7K level was truncated(pink) When a rapid movement such as wave 3,...

limitlessroh

CRYPTOCAP:BTC finished a wedge with an overthrust E wave. It dropped a 40K support area with a 4h divergence (white), potentially finishing green wave 4. I expect CRYPTOCAP:BTC will break above 49K finishing green wave 5, and immediately drop to 40K again.

limitlessroh

CRYPTOCAP:BTC current wave analysis (update 1/4/2024) -To complete an impulse from 15K, there must be at least three more ups and downs between 40K-48K to finish wave 1. -Because the wave from 32.5K cannot be counted as an impulse, I expect an ending diagonal. -32.5K is the starting point of the current ending diagonal because of the correction size between...

limitlessroh

CRYPTOCAP:BTC Current wave breakdown -Speculating 48K to be a resist level, and 40K to be a support level. --Looking at the fib of the 65-15K correction, --Neither the 0.382 nor 0.5 range worked as a resistance level, making 0.618(48K) compelling to be the top of this wave. --48K is also the end of the thickest value area within 64-15K correction --Historically, ...

limitlessroh

Main -Finishes a wedge with classic five higher highs. -Risk/Reward ratio: 3.5~20 Plan -If it breaks the upper trendline, take a loss, and watch till it makes sense. -50% profit at 37.9k. -If it keeps making higher highs, short with lower leverages, and hold until the trendline breaks. -Next 25% profit at 37k. -After 75% profit, there could be a flat wave,...

limitlessroh

CRYPTOCAP:BTC Short switching Reasons: - C=A, possible triangle B is finished. - Channel resist. - 1h, 5, divergence confirmed. - Risk/reward ratio: 23. Risks: - 15m oversold - possible to break 37.9k (Sub scenario) Plan: 1. Half profit at 37.3k. 2. Take a loss if it shoots up. 3. Switch 36.5k ish

limitlessroh

The first wave of the 19-21 Bullrun can be broken into impulse five waves. -Wave 2 was a triangle with volume decreasing, and took about 90 days. -The bottom of the wave 2 was below Fib 236. -Wave 4 did not hit 618, bottomed thickest value area. -Wave 5 ended with a weekly divergence.

limitlessroh

The 5th wave of the first cycle can be broken down into an impulse five waves.

limitlessroh

The first cycle of 5th wave can be broken down into five waves.

limitlessroh

Speculating it is in the first Cycle Waves-impulse 2.