Got the move down I was looking for, and now it reacted to 45$ a couple times here with some interesting Elliott Wave patterns at the end there. BUT I am waiting for a break of the range here with at retest, throw back here.
Lower lows and Lower Highs, the definition of a down trend. Looking for a trend change here. So far nothing convincing that the trend have began moving back up yet. May be a triangle/pennant here so if it gets a lower low on the price action and a high low on the rsi, bull divergance, it may point to a potential turning point. Again, waiting for a trend change,...
Some Elliott Wave thoughts on Binance. At a support area atm just hit 1:1 in time 2:4 Did not breach High Double top Possible flat Or other sideways trend line acting as resistance EWO fitting PF is acting as temp channel and caught the top with some recations on the .5
Here is a chart with some Elliott wave guideline i am seeing for the current bitcoin count. Does this mean this is THE count? No. But some of the studies and teaching of Elliott wave to offer some tendencies of the market, of which some are in play here.
Bear interpretation Posted first else where. Using the impulse variant, W3 has a nice impulse so anchoring around that the cleanest impulsive finish, IMO would be 1 more Low. Gotta go soon! Hoping for clarity of count either way. Circle is a bit sus so meditating on that. Clue locations labeled.
Posted a shorter time frame analysis else where but, so far the short term bullish played out pretty good. So from here thinking OMLU possible, not exiting all my longs, but from here will be watching for a possible retrace or lower low depending on the context of the move, if down from this area. Flipped resistance into support Hit some markers for an impulse up...
Had This option back at the pivot. Looks like its playing out pretty good. Could be done and bounced out of the GZ, but would want to wait for at least the .36 to get flipped back to support, or if it breaks down below .28607 the POC and the low of the consolidation.
One Elliott Wave count im keeping an eye on. TLDR: Want to see these previous resistance lines be breached and flipped into support before getting too excited for a bounce up. But have been short from the top so may be a bit biased. The Elliott Wave pattern just doesnt look complete. But I am fickle and can be swayed easily by the PA. And AXS can always do AXS...
Shared with the fam last night and caught the pivot at 42605. Looking for it to get to at least the algo first target and the Pitch fork median line. If it pops higher than that, fantastic! BUT there are some structural resistances over head its going to have to blast through so watching those areas!
Since the last post, Doge has invalidated the Elliott Wave Contracting Ending Diagonal and has bounce back above a strong support. But its hard not to see this Elliott Wave pattern. To invalidate it, a nice shot up would help or a correction down to the previous support and a rocket up. Watching how this develops.
AAVE some Ideas im keeping an eye on. Swept below the Neck line but reclaimed it and bounced. At an interesting area atm.
So looks like doge pulled the leash toward the red path and has broken below a pretty big previous support, has tested the underside with a throw back and atm rejected... The bulls need to bust back above that area with more then just a wick and find it as support again to at least subside the bleed and give hope. There are some tiny areas of structure here but...
Breaking below that support was not great for the bulls...either is the current rejection ATM of this. If this level stays flipped this retest could be a throw back to test for interest at this area. If rejected, could see a 1$ retest minimum im thinking so it can test the low of the range. Bulls want to reclaim this level as support and move away ASAP. MO. This...
AT A GLANCE: Going through some tickers setting alarms and tracking. Fun little run up. These are a couple bullish ideas im seeing at the moment. Breaking below the previous neck line and flipping it to resistance, would not be ideal but will have to check the context if the alarm goes off.
AT A GLANCE: Going through some tickers setting alarms and tracking. Not great Ideal patterns but may be some clarity here at the end so will be watching for this to play, if not...adjust.
Followed my path up pretty good and have been playing off of the lazers well as well.... Well Looking for these to potentially play out whenever this move down has completed.
Caught the pivot on this one. Looking for these paths to play. Looking like an impulse down atm MO.
So Elliott wave style, could have been an extended W5 which would explain the pivot, wave 2 of the expanded wave and the potential termination point of the previous W4. Its in the area MO. And is a most likey target for a retrace based off of the Guideline of Depth of Corrective Waves. Some more good is that some EMAs are starting to cradle the PA and got a bit of...