TWTR daily update.
BTC has been pretty uneventful, so I have been watching this one more closely.
On the daily structure, this is still reading like an expanding diagonal to me. Once you start seeing these show up across actionary waves in crypto, it becomes hard to unsee the footprint. That is the lens I am using here.
The move tagged the most likely Wave 2 retrace level, the 50 percent area, which is why this spot matters. From here, I am watching for follow through that confirms the diagonal interpretation rather than chop that bleeds back into the range.
What I want to see next
Clean reaction off the current zone and continuation that holds above recent structure,
Price behavior that stays impulsive on pushes and controlled on pullbacks,
What would make me step back
Failure to hold the current reclaim and a move back through the prior pivot,
Price action that accelerates the wrong way and turns this into a deeper correction,
Trade safe.
Trade clarity.
BTC has been pretty uneventful, so I have been watching this one more closely.
On the daily structure, this is still reading like an expanding diagonal to me. Once you start seeing these show up across actionary waves in crypto, it becomes hard to unsee the footprint. That is the lens I am using here.
The move tagged the most likely Wave 2 retrace level, the 50 percent area, which is why this spot matters. From here, I am watching for follow through that confirms the diagonal interpretation rather than chop that bleeds back into the range.
What I want to see next
Clean reaction off the current zone and continuation that holds above recent structure,
Price behavior that stays impulsive on pushes and controlled on pullbacks,
What would make me step back
Failure to hold the current reclaim and a move back through the prior pivot,
Price action that accelerates the wrong way and turns this into a deeper correction,
Trade safe.
Trade clarity.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.