Price completed a macro wave 3. Wave 4 is expected to end at the 0.382 Fibonacci and may not extend below the 0.5. Crypto assets can overextend in wave 5, which I believe we will see over the next year.
ave 4 is underway testing the previous all-time High Volume Node and 0.236 Fibonacci retracement zone. Price remains in an uptrend.
🎯 Terminal target for the business cycle could see prices as high as $2000, the R5 weekly pivot
📈 Weekly RSI printed bearish divergence from overbought and is already resetting below the EQ. It rarely gets oversold.
👉 Analysis is invalidated below the weekly pivot and 200EMA
Safe trading
ave 4 is underway testing the previous all-time High Volume Node and 0.236 Fibonacci retracement zone. Price remains in an uptrend.
🎯 Terminal target for the business cycle could see prices as high as $2000, the R5 weekly pivot
📈 Weekly RSI printed bearish divergence from overbought and is already resetting below the EQ. It rarely gets oversold.
👉 Analysis is invalidated below the weekly pivot and 200EMA
Safe trading
🎓 PhD Econ: Market Psychology
📈Trader / Investor 15Y
👑 Master Trading Plans, Signals & Strategies: tradesignals.substack.com
🏆 Market Psychology & wealth growth techniques: marketpsychologist.substack.com
📈Trader / Investor 15Y
👑 Master Trading Plans, Signals & Strategies: tradesignals.substack.com
🏆 Market Psychology & wealth growth techniques: marketpsychologist.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎓 PhD Econ: Market Psychology
📈Trader / Investor 15Y
👑 Master Trading Plans, Signals & Strategies: tradesignals.substack.com
🏆 Market Psychology & wealth growth techniques: marketpsychologist.substack.com
📈Trader / Investor 15Y
👑 Master Trading Plans, Signals & Strategies: tradesignals.substack.com
🏆 Market Psychology & wealth growth techniques: marketpsychologist.substack.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
