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Eloquent
Nov 29, 2021 12:41 PM

btc 11-29 update~ 

Bitcoin / TetherKuCoin

Description

morning,

this little impulse here looks like a bull trap,

was observing the volume profile, and flow & it looked a bit shady.

good potential we raid the lows one last time before making a move up.

if you took any of the longs i shared yesterday, move stops up into profit, or to breakeven.

expect this if it comes, but know that it doesn't have to happen.

we might just fill the cme gap & continue moving up.

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in my opinion, it's going to take a few attempts to break downtrend.

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btc is holding the line, looks like we're going higher. looking for around 59~60k on this next leg

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the good news is, the bottom is in

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or was in

Trade active

I'm short right here.

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Choose your destiny👇

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btc is going to try to expand again here. few algo targets for a bounce swing 👇

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potentially a completed impulse here, would be spectacular to get the perfect golden zone setup into tomorrow.

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I'm pretty much hanging out in cash until btc gives me some kinda confirmation.

good night o/
Comments
SabahEquityResearch
Wonderful job
Tonpanzee
Thank you for the update dude, nice charts
eenmakkie
a normal 5 wave down for the expendad FLAT still stands for BTC
or this count:

if the 60k breaks it could be still an expanded FLAT in the last ((b)) leg up.
or a 5 wave down and now the B till 63-64k is also possible .
Eloquent
@eenmakkie, i have never seen this kinda of correction before, can you explain what im looking at
eenmakkie
@Eloquent, just a normal ABC

here is one bullish count possible

@unbeldi @stevepuri @pejman_zwin guys what do you think of this wxyxz ending the (4) for BTC correction .
that and the expanded FLAT is the only bullish count left to end the correction I guess.
Because ETH has no possibility for an expanded FLAT but could have an wxyxz 11 swing correction, this could be valid for both.
if you don't agree, please let us know.
Eloquent
@eenmakkie, i disagree with this, but i think we're in a wxyxz for this sub-wave 4 right now - and its aboutta top out

eenmakkie
@Eloquent, lets hope not and it does not break the 53k
Eloquent
@eenmakkie, i hope it does 😈



if we can get btc back in the 30k range via an expanded flat, its going to give us So much more opportunity.
eenmakkie
@eenmakkie, @unbeldi @stevepuri @Eloquent @pejman_zwin ETHUSD has confirmed the wxyxz form for the wave (4) .
it passed the 0,854 fib retracements, so this is not a B wave at all. its a new impulse.
I think the wxyxz is the only count left now to count the wave (4) ended at the 29 nov.
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