good morning,
in my last post\video i talked about the importance of the red box which is overhead.
upon waking up this morning and counting the waves of the current structure, i noticed that this move takes us perfectly to that target of about 49.7k
the indicators i use are also about to call out a massive sell signal (closer to that area), bigger signal than the previous ones we've recently seen.
while i am cautiously bullish until we hit 49.7k,
i'm going to have some short orders up there, since this was indeed my original setup from a few days ago.
the target overhead is either a wave B (of an a-b-c) or a wave 2 (of a 5 wave impulse going down, into a larger wave A).
if wave B, this falls to 40k after,
if wave 2, this falls to 35k
Wave B would signify significant upside after,
Wave 2 would put us into a crypto winter.
in my last post\video i talked about the importance of the red box which is overhead.
upon waking up this morning and counting the waves of the current structure, i noticed that this move takes us perfectly to that target of about 49.7k
the indicators i use are also about to call out a massive sell signal (closer to that area), bigger signal than the previous ones we've recently seen.
while i am cautiously bullish until we hit 49.7k,
i'm going to have some short orders up there, since this was indeed my original setup from a few days ago.
the target overhead is either a wave B (of an a-b-c) or a wave 2 (of a 5 wave impulse going down, into a larger wave A).
if wave B, this falls to 40k after,
if wave 2, this falls to 35k
Wave B would signify significant upside after,
Wave 2 would put us into a crypto winter.
Trade active:
Massive sell signals coming in.
The same kind we saw right before the drop from 53k
if you're long, just be careful - stop loss is your friend =]
The same kind we saw right before the drop from 53k
if you're long, just be careful - stop loss is your friend =]
Comment:
just posted a youtube video discussing this setup in further detail
Comment:
overnight move has created another possible scenario.
i personally don't like it, but we can't rule this out for the time being.
giving it a 50% chance probability.
i personally don't like it, but we can't rule this out for the time being.
giving it a 50% chance probability.