We can make a case here that this correction might be done but at the same time, I don't have enough data to back that up. If we get an impulsive reaction out of here on the lower degree then I'll be more confident in that case, if not I am looking for another leg down into the Daily Support area which coincides with the Golden Zone.
We can clearly see how the price action aligns with the case that this will more probably not stop here but just from the elements that we have I would like to point out a couple of things that I think might be worth watching. Pitchfork Nr1: We see how Median Line principle #4 applies here when we don't reach the median line and we have a move on the opposite...
The price action appears to contract on the macro level but if we take a look at each swing from a geometrical point of view we have so many textbooks events that lead me to the idea that we might have finished something here and we are going back into the contracting area which eventually we'll reach the apex when we decide which way we are going in terms of...
Classic Price Action, we see this all the time. For now, it looks like he wants to come lower to test the previously broken structure. I believe this is healthy.
I like the reaction from the Golden Zone, it looks like this move is complete and we are ready to advance higher in the trend. I also like how the Geometry aligns with the algo target (hot box) which is next to a major resistance zone.
We got a beautiful reaction from the low at around 76 creating a character change in the structure. I believe that if we come down in a 3-way move in the highlighted zone we will see buying interest starting to rise.
The idea it's from the other day but I thought to share with you guys. We are not going to go in a straight line so this can become a little tricky along the way.
A potential case here for 1INCH to start climbing again and validate the proposed count. I believe we can see new highs if the correction it's indeed completed.
On the chart are presented some of my current beliefs about where bitcoin is right now at a macro level. The idea gets invalidated if we close this week above the Median Line and we start to challenge some of the previous pivots (41k) that touched the median line several times from above before breaking lower. Note: I don't have any Elliot Wave labelled on the...
With Bitcoin price action moving higher I thought that I can share with you my view on a Daily chart with some simple market geometry and some fib measurements which contain some critical levels including the golden zone fight that we keep on seeing since 2019. What caught my attention is the second break of the white trendline but not with as much significant...
Beautiful alignment of the price with the upper parallel channel, a median line, and close to the second target of an algorithm.
temporary channel, support, resistance and Elliott Wave. It looks like ETH is seting up for a high probabilty R:R setup
I adjusted my count due to the price action that we had from the beginning of June and proposed another setup which can be in play if the price action fallows. Of course we can take in consideration the fact that we can see much higher prices before a correction will fallow but it's less probable. All i can say it's that the price action and the pivots that we...
Since we pivoted in march around 222 BP has showed a nice impulsive move from the low and we are still in the process to correct that. If that is a hard pivot and we gonna maintain that establishing a new trend or correcting the move of one larger degree. I've managed to find a point of confluence in terms of market geometry and Fibonacci levels in order to...
A little food for tought with a little market geometry.
My opinion is that bitcoin will end up in a 18 months bearmarket just because he need to complet the pattern that he started and because it's going to be something big in the future he need to respect that. Maybe i am to dramatic but this is what i see. Please let me know what do you guys think about this.