rareGear96

rareGear96

Invalidation for current impulse :37400. It looks like a continuation of the small impulse is due . If it's a relief rally 4th wave we will see an ABC where the 5 wave impulse is A . In case it crosses 46800 on the current impulse that bearish scenario is invalidated imo and a bullish retest of the range at 41-42 is most probable.

rareGear96

The 3rd macro wave was extended which puts a question if we can see a bigger altbtc season without a bigger correction

rareGear96

In 2017 the logarithmic channel top connected with the 2013 bottom . If it repeats it would look like this

rareGear96

The RSI daily trend since January is about to break to the upside .If it breaks the trend and big players don't hammer the liquidity obtained from shorts stoploss betwen 39 and 43 we will see 40-50k at least.

rareGear96

This is my numbering for what I believe is the 4th macro elliot wave out of 5. These waves are usually big if the 2nd macro wasn't , and are usually made up of 3-3-3 WXY or a 3-3-5 ABC . I think both labels are probable in this case , and in both the direction of the next spring is known :)

rareGear96

The previous idea played out as expected but with a fake breakout on the the 5th wave. A move down below 30k is imminent to liquidate many positions but I believe it will be short lived . Stablecoins as shown on crypto quant have increased by 40% since the selling climax and someone wants their share of the supply .

rareGear96 Updated 

Doge held better than some were expecting during the correction . The main whales held it and TA shows it might be done correcting

rareGear96

A lot of upside for 1inch if it can break the horizontal resistance

rareGear96

As we know pennants in a downtrend are bearish and usually play out in a 5 wave move ending with a weak wave 5 and a strong hammer down. Pattern was similar but on a smaller scale at previous levels indicating we're closer to the bottom