We are reaching the areas from where we can go long again. We are looking to buy wave ((c)) and wave Y for more upside. There might even be a chance that waves ((c)) and Y are already completed.
Looks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly...
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. The corrective structure following the upward structure also looks complete now which means we can see more upside again. However, we cannot exclude a bigger correction that goes deeper into the wave (4) area.
After retracement of the price and taken liquidity of the sell side and rejection of FVG and golden zone Fibonacci "OTE" we will see a increase of the price towards supply zone
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.
In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish...
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades. On the lower timeframe, we are now looking for short trades.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades. We see a potential short today (against the main direction).
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. Although there is insufficient evidence for a bearish NASDAQ we call for caution in long trades.
I think we can consider Bitcoin as a function of Nasdaq and hope to rise, but buy with a calculated capital. It is not a financial advice and it is only an analysis.
In the weekly, the NASDAQ looks bullish and might be preparing for a Wave III to the upside. However, the minimum requirements for a Wave II to the downside were not fulfilled. As long as we do not take out the Wave I high, it could be that we still make a new low as a Wave II. In the daily and 4h, it looks like the upward structure as a wave (3) might finish...
In the lower timeframe, we are at an area where the wave ((iv)) can be bought (ABC pullback looks more or less complete). However, we call for caution in long trades as we are close to finishing an upward structure in the higher timeframe.
