recent bounce seems too high vs the ATH for this move to be an ABC but it is still possible that ABC can happen, but after doing EW analysis on 4H I see a new pattern emerging and we can remain strong above the 1.618 fib extension then chances are 2.618% fib lvl will be tested for the final W5 larger HTF move 2.618 around 5,700
Bitcoin just made a new ATH!! What a nice accumulation phase Bitcoin had over the last couple months. Pricetarget could be the 2.618 extension at around 87k$ Watch the altcoins too, we might get some big chances soon in the altcoins!
$AMD in full bull mode off those METAverse news! Can it continue?
Tesla only has the 2.618 left as a target, price discovery mode is in full effect Price would be around $ 1.488 Will we see it??
"2618" means 2 tops or double tops, then follow by retracement back to 618...then usually a downtrend... of course, this is juz a trading idea, no indication of buying or selling... strong resistance : 1584-1600 current resistance : 1560 current support : 1500-1520
Lets start off with taking a look back at this chart from October 2019: Heres how the weekly chart currenty looks: On the 4h timeframe red trendlines highlights both regular and hidden divergences appearing all over this market. ''C'' is a 261.8% extension that was followed by a 15% decline! Considering the huge drop, im expecting this trend to continue and...
SHOP Has just been on a tear, my goodness. I had this move marked out when it was flagging, had my buy marked at 125. Got distracted elsewhere, missed the buy, and now have just been absolutely kicking myself over this. What a run. My best estimate for a target sits around 428. May buy a put option at that point if it does in fact reach it, but I obviously don't...