Bullish continuation: Up from here.
Description:
Long & mid-term perspective for NEAR.
Mid-term target:
- wave 3 - 1.618fib at $14.34
Long-term target:
- 1.05fib at $23.904, 1.236fib at $42.143 ("bearish")
- 1.618fib at $135.038 (bullish)
Long & mid-term perspective for NEAR.
Mid-term target:
- wave 3 - 1.618fib at $14.34
Long-term target:
- 1.05fib at $23.904, 1.236fib at $42.143 ("bearish")
- 1.618fib at $135.038 (bullish)
Comment:
Update on Bitcoin_v0.1. Next move bitcoin could give us much more information on its trajectory. Expect a wave C (5 waves).
Comment:
Update on Bitcoin_v0.2. ABC turned into a 1-2-3-4-5.
Comment:
Quick ew update on NEAR.
Comment:
Take notion of 3 possible Bitcoin scenario's:
1) double zigzag for a potential wave 2 (bearish/bullish)
2) double zigzag for a potential wave Y (1.618fib at $57087) (bearish)
3) leading diagonal for a wave 1 (bearish)
1) double zigzag for a potential wave 2 (bearish/bullish)
2) double zigzag for a potential wave Y (1.618fib at $57087) (bearish)
3) leading diagonal for a wave 1 (bearish)
Comment:
Update Bitcoin_v0.3. Finished wave 1? (RSI bullish divergence w5, 4h)
Comment:
Move upwards can be labelled as ABC for an X-connector. Expecting a wave Y. For people that like to go short, this might be good oppertunity and at a later stage take long positions for another possibility to buy NEAR at lower prices, see targets. Long-term picture, I'm still bullish.
Comment:
A breather for Bitcoin. Wave 3 touch the 1.618fib and a potential wave 4 within 3 just got invalidated at $58818. I.m.o. a potential wave B (larger ABC - Wave X) got invalidated as well, because price broke the 1.38fib extension at $56978.
Comment:
Reassessed the Bitcoin chart and this it is currently my best guess in terms of getting ew count right. Don't know if anybody else has this count, but feel free to comment.
X wave is done and we're in wave Y.
X wave is done and we're in wave Y.
Comment:
Information:
The 2nd wave 1 only reaches 0.786fib of wave 1 and 2nd wave 2 got overlap with wave 1. Thus, this it’s safe to say we’re not in a wave 4.
Price still moves in a base channel and could still be considered a corrective pattern. Yet, there is enough evidence to suggest that this could be 1-2, 1-2 setup. The waves are similar in portion and time, and the corrective structure does not exhibit alternation.
Consider the 50ema cross, RSI cross resistance, and MACD baseline + bullish momentum cross a good indication for a long position. Second confirmation will be a break of the base channel (correction). Will have closer look on the LTF if there is more evidence for a bullish case.
The 2nd wave 1 only reaches 0.786fib of wave 1 and 2nd wave 2 got overlap with wave 1. Thus, this it’s safe to say we’re not in a wave 4.
Price still moves in a base channel and could still be considered a corrective pattern. Yet, there is enough evidence to suggest that this could be 1-2, 1-2 setup. The waves are similar in portion and time, and the corrective structure does not exhibit alternation.
Consider the 50ema cross, RSI cross resistance, and MACD baseline + bullish momentum cross a good indication for a long position. Second confirmation will be a break of the base channel (correction). Will have closer look on the LTF if there is more evidence for a bullish case.
Comment:
How confusing.. On the LTF, I can't find a bullish case for the current structure. I can't identify 5 waves up. Red box, 4th wave crosses 0.618fib. If anybody else has a different count please share.
Comment:
Let's see if bitcoin can touch/break the 0.618fib at $61446!
Comment:
I see a potential long trading oppertunity for NEAR. Displayed a bullish MACD zero-line reversal (from above).
Comment:
Update Bitcoin_v0.4. Classical indicators show a short-term bullish narative.