Really long term play. I dont think all of these will be hit but I wanted to mark off levels. High time frames look great.
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Already had over 7% move. Now we can look for a hold on a restest back down and then we can continue up.
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Still looking good. Held .5 fib retracement that was right below a previous top swing. In other trade I often setup buys if the .5 fib and support make a nice box. Seems to stand as a good price action point.
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Kinda dramatic swing but held previous support. Don't see LTC continuing lower at all.
Nice heads-up!
Given the 20k ATH, the 14k high, and the recent downward channel, BTC still has many key resistances layered between 9.4k - 10k. These will take time to break, and before these resistances are broken, our bias remains on the short side.
Do you agree with the setup below?
MycoTrade
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@Phi-Deltalytics, Yeah I do see what you're charting. However, I like the alternative EW count more. But I have never really charted EW. I don't think there's downward pressure to go past 9.4k, but could see a retest there before continuation up. I think we head to 10.3k soon enough.
Given the 20k ATH, the 14k high, and the recent downward channel, BTC still has many key resistances layered between 9.4k - 10k. These will take time to break, and before these resistances are broken, our bias remains on the short side.
Do you agree with the setup below?