A really bullish BTC scenario with an implied new ATH today.
I have no good experience with Elliot waves, so I might be doing it wrong, though.
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Perfect entry right now.
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Now pushing through resistance. A nice target for today would be $4350.
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This idea about the big channel does not seem to work out. We can be a bit lenient and move the uptrend line, but no big push so far.
I'm still bullish, since BTCUSD forms a smaller uptrend channel:
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The second and third push into the resistance failed to gain enough volume. Pullback below $4200 is likely and an even further drop is posible. Exiting now with small profit.
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Twenty minutes later it pumped up and hit my target. Sucks.
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Still bullish. Looking for another entry.
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That dump has thoroughly invalidated my game plan. Now it looks very ambiguous.
The hourly chart looks bullish:
The daily chart looks bearish:
Either, we see a strong push and a new ATH soon or we should dive down during the next days like $3500 or lower.