We have two strong targets in different direction now
So definitely in the future, the main chart will be XBTUSD from BitMex (Binance have some chances in the near future to rise in the reported trade volume like BitMex but until that not happen I will make analyzes just on Bitmex XBTUSD chart)!
So let's see what happened!
Price rosed above the wedge line in one smaller impulse wave and stopped around 8600 if the price returning in the next few hours into the wedge than it was just a smaller stop grabber and there's a probability our wedge scenario will be realized in next few weeks.
If the price will not return into the wedge and hit the target area around 8900 possible it will be a massive Short position there and take profits so probably it will be a strong pullback in that area. So it can be just pullback or reversal! First confirmation for reversal that price will return into the wedge and second confirmation is if the price will go under 7700 level(That mean by Elliot can the whole wave to the upside was ABC but until price not going under 7700 it can be still 12345 and in that case pullback is the only wave 4!
So let's see what happened!
Price rosed above the wedge line in one smaller impulse wave and stopped around 8600 if the price returning in the next few hours into the wedge than it was just a smaller stop grabber and there's a probability our wedge scenario will be realized in next few weeks.
If the price will not return into the wedge and hit the target area around 8900 possible it will be a massive Short position there and take profits so probably it will be a strong pullback in that area. So it can be just pullback or reversal! First confirmation for reversal that price will return into the wedge and second confirmation is if the price will go under 7700 level(That mean by Elliot can the whole wave to the upside was ABC but until price not going under 7700 it can be still 12345 and in that case pullback is the only wave 4!
Comment:
Price almost at target many of them will exit already
Comment:
Comment:
Comment:
One of the possibiltyes
Comment:
we must have something like this if the trend wants to turn bearish
we must have something like this if the trend wants to turn bearish
Comment:
Comment:
Comment:
Comment:
Comment:
Ending diagonal?
Comment:
Short term targets
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.