I think that if one is to interpret the move from 5333.50 to 4963.50 as an impulse wave, this is the best way to do it. Wave 1 of the impulse (orange ellipse) is a contracting leading diagonal. The proposed ES1! impulse wave down correlates nicely with NQ1!'s price action (NQ1! has an expanding leading diagonal in its impulse wave).
If the impulse wave from...
BINANCE:ADAUSDT
COINBASE:ADAUSD
Hello dear traders.
⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr.
📈 What to Expect Next?
💡As long as ADA is above the $0.5682 level, the bullish scenario is quite valid.
The bullish scenario targets are on the price chart.
🔑Key Insights:
📈If the bulls stabilize the price above the 0.5682...
BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr.
📈 What to Expect Next?
💡The price of Bitcoin is in a vital situation. As long as the price is above the BB midline, the bullish scenario is quite valid.
The bullish scenario targets are on the price chart.
🔑Key Insights:
The...
BINANCE:ONTUSDT
CRYPTO:ONTUSD
Hello Traders
📈ONTUSDT 15min📈
⚡️Quick Long position with a mid-risk status.⚡️
TP 1-2-3 and SL 1 are on the chart.
⚠️Don't forget to risk-free your positions.⚠️
BINANCE:TIAUSDT
COINBASE:TIAUSD
📈TIAUSDT 1H📈
⚡️Quick long position with semi-high risk status.⚡️
TP 1-2-3 and SL are on the chart.
⚠️Don't forget to de-risk your positions.⚠️
My count has wave 5 of 5 of primary wave 3 complete, primary wave 4 projected to complete towards October 2022 low of 10484.75. I'm looking at 11806.25 to be support for primary wave 4. Area in orange ellipse ends of being an expanding leading diagonal 1 of 5 of 3.
Working primary count has impulse wave from ATH at 5333.50 to 4963.50. Area in orange ellipse is suspect, so if this count doesn't play out, will likely need to go back and tease out this price action. Corrective bounce off low of 4963.50 appears to be an ABC zigzag. Looking for another impulse wave to complete a C wave or a 3 wave.
I'm looking at price action from ATH as having completed an impulse wave down to 17181.75, with an expanded flat corrective wave (area in orange ellipse), likely to complete today. Wave C (bulls, green) or wave 3 (bears, red) should be another impulse wave down below low of 17113.25.
I have one completed impulse down from the ATH at 18709.00. This impulse started with an expanding leading diagonal and finished at 17181.75. Bulls (green) see this an A wave, and bears (red) see this as wave 1. Bounce off low tagged the 23.60% retracement with a zigzag and then found a new lower low. With this I see two possibilities: either we start forming more...
As a regular flat, this looked pretty reasonable, and then we got another daily lower low on our current candle. Bulls should be worried that the area in the ellipse is an expanded flat and, if so, would imply further downside is ahead.
Bullish count in green, bearish count in red. Completed impulse off high of 18709 to low of 17181.75. Impulse had expanding leading diagonal to start. Bulls looking for B wave in 17765.25-18261.75 area. Bears may already have the 2 in at 17553.25. If low of 181.75 holds, bears looking for the 2 no higher than 17854.
Bull count in green, bear count in red. Tricky impulse down from 5333.50 to 4963.50. The question is whether the impulse is an A or a 1... if it is an A, I would think the bounce should be back up to 5148.50-5225.25 area. If it is a 1, the 2 could already be complete, but I wouldn't think the bounce to go any higher than 5123.25. The C or 3 should take us down to...
An updated bullish count showing impulse wave 3 of 3 of 5 complete and wave 4 of 3 of 5 in progress. If this is correct, then wave 4 is looking like a zigzag, and I anticipate the (A) wave to complete between 4834.76 and 4929.37 before the bounce of the (B) wave starts. 5264.85 will likely be the top for the next several months.
Looking at EW triangle to still be in play. If bottom of the day (59729.39) holds as support, looking for impulse wave up to 70-72k area over the next week, with 72756.63 to hold as resistance.
Bull count in green, bear count in red. Area in orange ellipse started off as chop monster, more impulsive action since 12 April. Given the depth and price action since ATH, odds moving strongly towards top being in. I am now watching for a larger (and more complicated) leading diagonal setting up. Even we get a (temporary) bottom today and move back towards 5200,...
BINANCE:BTCUSDT
COINBASE:BTCUSD
📈BTC 2H📈
⚡️Quick long position with medium risk status.⚡️
Bitcoin may continue towards the announced targets without any correction.
But if the price pulls back to the entry area , as long as it is above the pitch-fork (near white support), the long scenario will be valid.
TP 1-2-3 and SL are on the chart.
⚠️Don't forget...
Although 15 April was a bearish day, and the daily price action continues to give us lower lows, I think the possibility of a leading diagonal is now less likely. 5213.25 is now key resistance, and I anticipate that resistance to hold and at least one more daily lower low before a bottom is found.
