Possible wave 4 of 5
wave 4 of 5 is still in progress as long as the price still above 17622. if price break below 17622 then last wave 5 of 5 is in progress and price will probably make a new low ..
Once we confirm a wave 5 end with a divergance ,the price will have a very strong up momentum to start wave A of ABC and the price should reach above 48189.84...
Possible wave 4 in progress if price stays above 18626. if price breaks below 18626 then wave 4 is completed at 21888 and wave 5 will be in progress and the price will probably go lower than wave 3 (17622) .
I PUBLISHED THE SAME FOR BTCUSDTPERP
Possible wave 4 in progress if price stays above 18563. if price breaks below 18563 then wave 4 is completed at 21888 and wave 5 will be in progress progress and the price will probably go lower than wave 3 (17593.2) .
BTCUSDT weekly momentum is still bearish .The price reached the target zone 22500-24000 as said 2 weeks ago , if BTCUSDT break below 22k then the next price level is the 0.786 fib . I added GATOR & ALLIGATOR indicator to confirm the strong bearish momentum (the Gator is eating and expanding).Weekly still bearish until the Gator in sated phase
Invalid if price...
BTCUSDT weekly momentum is bearish and price has a high probability to reach the price zone 22500-24000 , if BTCUSDT break below 22k then the next price level is the 0.786 fib . Worse case scenario is breaking below the 0.786 fib level and if that happens, we will have a strong selling pressure that will dip the price back to the red POC level and 0.886 price...
BTCUSDT price will probably reach the red POC level with a strong downward momentum ( i.e Red uptrend line and the 40467.94 support level are broken ).The price has a high probability to dip lower to the Value Area Low (VAL) level. Short term is still bearish
BTCUSDT with 4 resistance levels scenario. The short term still bearish and price has a high probability to reach the green 0.786 and white 0.886 fib cluster. The Price will need a very strong up momentum and high volume in order to break the downtrend line and the 4 resistance levels ( i.e start of wave 3 )
Invalid if 34322 is broken.
BTCUSDT is re-testing the red trendline and will probably reach the orange 0.886 fib level . Rsi is showing a divergence and the price is in a very strong support zone. VAL+fib level + divergence
Invalid if price breaks 37793.80
BTCUSDT currently in wave 4 of 1(higher degree) scenario and it is developing a triangle or a pennant in classical charting pattern.
Soon the price will break up to complete wave 5 .
I believe we reached the bottom but BTCUSDT still need one last correction down to form wave 2 on higher degree chart . A high volume and strong momentum is needed to form the...
BTCUSDT will retest the green trendline and probably fail the first time and retrace down to the 34800 level to complete wave 2 . wave 3 is usually extended and should have a high volume and a strong up momentum in-order to break the green and red trendline .
if wave 3 extend then target levels should be adjusted accordingly .
invalid if 34322.28 is...
BTCUSDT is approaching a critical price level .If the green trendline is broken, BTCUSDT has a high probability to reach the next fibonacci cluster at 0.886 and 1.618.
If 39249.93 is broken with a high volume candle then price has a higher probability to rally up.