powdah

powdah

nice 5 waves up. Now we will likely enter a correction to the vicinity of the previous 4th wave.

powdah

Good day all. I am monitoring what I believe may be a 3,3,5 ABC correction from the $8200 high of most recent EW #3 wave of BTC that took it past the upper trend line, drawn from the all-time-high. I think we may eventually see a test of the upper trend line with us on wave C of the correction currently. The subwaves may change as this progresses. Give a like,...

powdah

Curious if anyone else is looking at BNB in the same way? I see either an inverse head and shoulder pattern that lead to a breakout and/or a cup and handle that lead to a good breakout followed by what appears to be a possible repeat cup and handle. If so we are in the handle right now. If one were to trade this handle, we would need confirmation in the form of...

powdah

Over simplifying here but good to take a step back and look at a zoomed out EW possibility with a matchup of 5 wave descending wedges and a previous support in the 5300-5500 area. I think this area, if reached, will at least give a decent bounce and will therefore be watching action very closely at this point.

powdah Updated 

I like looking at fractals. When zooming out, one can potentially break recent BTC movement into three sections with double tops preceding downward trend toward the 0.786 area of the preceding rise. Lets see if the last fractal plays out to a similar path towards the lower trend line. Please give me a like if you find this helpful or interesting and as always,...

powdah Updated 

If you look at the most recent impulse up before the 0.5 fib retrace and the current retrace, you will see a very similar impulse pattern up which (look at the current impulse up in 5 min view and last one in 30 min view), with any luck, will repeat by going to the 8500-8600 area and then up to the neckline of the inverse H&S pattern that I have sketched here...

powdah

I am noticing a repeating descending wedge with 'e' wave up to 5 wave EW impulse followed by retrace to 0.5fib with descending wedge and repeat. The overall theme could be consistent with a larger ABCDE with the D wave about half way to the destination of low to mid 9000s (we will be close to the 4hr EMA 200 there as resistance too, perhaps) followed by a...

powdah Updated 

I see a descending wedge forming. 8125 for BTC/USDT is in the ballpark of a 0.618 retrace from most recent 5 waves up

powdah Updated 

Looking like a 5,3,5 underway with the 3 wave finishing in the ~9000 region and perhaps back down to 8300-8500 area for a retrace. Anyone have any feedback on this?

powdah Updated 

Starting to look similar to previous action after the most recent descending triangle/wedge. Wonder if we will see similar 0.5 fib retrace followed by movement up to the upper trend line of the bigger ABCDE triangle?

powdah

Don't like to paint such an ominous picture but I see potential for H&S within a bull flag with potential preceding fractal -- landing zone $6000-7000? For educational and entertainment only. I am not a pro.

powdah

Looks like we are heading towards the end of a leading diagonal on the BTC/USD(T) charts. Could we see one more ABC correction then up? I've sketched out possible subwaves based on previous supports/resistances.

powdah Updated 

Noob here but I am going to watch this one to see if it goes through to the target which is based on my idea of where the original fib Retracements are and overall look of where support/resistance has been in the past. Volume for H&S pattern not too convincing but 4 hr and 1D MACD look to be bearish. Certainly do your own research and validate because again, I'm...