


oakoakoak999
The bottom might in, we are finding wave 1-2 right now(don't know where it is)
We spot head and shoulder pattern on 1D timeframe. expecting target would and at 84K (161.8). Best of luck
Elliot wave told us to go bullish in this set up. the price is finding the new wave one. could be bullish continuation.
Big trend, In Elliot wave: We are on Leg B->Leg C (Bearish) In Medium trend: we are spring back from 61.8 (15K-73K). can either go up or down. In Daily trend, we are in bearish flag (orange parallel line) and we spotted 2 butterfly pattern. so our trading plan is we are going to long until 60k. then we open the short position in the red box range. and our target...
Currently VIX 11.57->12.78, DXY also rising. The chart on 4H time frame is forming head and shoulder. on 15 mins time frame forming quadruple tops. and the price already break the base line. I expect the price to come down to 62000. and might spring back from previous local high.
1st TP around 70-71K (Short view) 2nd TP around 100-106K (Long view) The price forming "Running flat" and going to attack 70K zone soon.
Overall (Short-term, Long-term is hard to tell): possible in both Long (40%) & Short (60%) Color system: Start from purple-> On 1-hr. time frame there's a little bull divergence on it. So it might spike to the green area, but the volume is so low that I don't think it will go up in that way. So let's see the blue lines are the test line (support). If it cannot...
Elliot wave shows that 1->2 is 80% 👌 2->3 is 161.8% 👌 could be higher but for now I just set it as a dummy target. Where are we going? • we might going 3-4 around the green box. and 4-5 after the collection
If the price break any black trendline. the trend will change I guess. in term of RSI, it feels like retesting the higher low. so I assume that the price might go down first then pull back. If it's not gonna make it, it will drop like a hot bullet. you could see the fibo that I have drawn. for current situation (short term, weekly), I go -> bullish 60% bearish...
higher low higher high. SL 26900. Target 29-30k xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Trend is going down, but it is nearing support line so we gamble.
Historical all time low for RSI, so there might be a chance that there will be some spikes (could be no spikes). I can see 2 scenarios (as shown in the graph). Let's wait for the FED speech.
Should go down at least 21k(Wave2) to go up for the next (wave3).
the chart looks good, and I think it will go down for collection for a bit. target =-3000 pts.
over expected for BTC. for now I go with the trend. and plan to open long in a near future!.
I do a fast long over here, the idea was that we hit both 0.236 and 0.5 in both elliots. so I think we might be in an "A" spot going to "B" Happy trading!
It breaks every possible trendline. Once it breaks more you will see targets 1 2 3. Happy trading.
3 times breaking lower trendline. So I expect the trend will go downward. it will go one way or another as shown in the graph.