Target is $222 based on divine Fibonacci to measure the energy of wave A
I think the energy in wave A should be equal or close to the energy in wave C. Using the 1.618 fib for condolence. Target is .68-.70 to take profit.
Follow the golden line to the emerald city! Chart says it all really this is wave 4 correction to the upside and I am looking to enter at the top of wave 5 and ride it to the target of 43200
OK so it's been a big drop but look at the Boll bands dialing in and the cloud pulling out of a dive and leveling out and LOOK at all the volume is green. Ok if I run the fibs on this to measure the power of this tide it is gonna be huge we should see consolidation from here and then energy will build up for a nice size wave up after that. Of course after a big...
Targets are marked and the lower target is extended wave 5. Waiting for this wave to crash and end wave 4 and looking to enter at the top of wave 5 for a short to 43200 and possibly ride it to 41200.
Fibonacci confluence zone in the puple box...Entry for LONG is here because there are no signs of smart money or institutional buyers getting out yet. Tons of money is still in the market and we will see clearly when they pull out but for now we stay in and go LONG again for a third snipe!
so this is where all the fib are coming to for me is from 48200-49200-50600 Everything tells me a bunch of money is on the market and they intend to use it! We have several clear effort candles that were a sucsess and a clear volume catalyst. I see a stop hunt pattern cooking up with a 1000 pump coming soon followed by more upward pressure perhaps to 52K
I see that smart money bought the dip at 42800 and we are still flowing with green volume. I ran Fibonacci confluence Lon wave B to determine this target zone marked by the purple box. This is where I believe the energy of wave C will run out or at least get bounced around.
Chart shows bnb has dropped double what btc has. Bnb is looking bullish but BTC STILL HAS MORE TO GO DIWN.
Chart says it all. We have come back to the order block and potential to start wave C soon with a target of 325-329
Stop hunt pattern completed after an effort to rise attempt failed. People box was the order block entry for wave C down.
if we dont close today green meaning a close above 30100 then this is an effort to fall succeeded! And down we go! we are watching for a volume catalist to tell us the bearish market is changing. until we see the catalist by smart money in an effort to rise sucsess or an effort to fall fail then we stay SHORT!
RED and GREEN lsma are crossing and volume shows they are protecting against LONGS. No short squeeze expected. Target 31,300
looks very good for entry on this breakout at the bottom of wave 2 where you always want to get in ideally! Retest of 39-40K then we will see if it's back dow or on to the 50's
Nice volume coming in the last few days and I think we have an invalid ABC and this could be wave 2. Looking for a fibonaci target of 71K
Looking very bearish with lots of selling volume. I think this C wave will be extended. Target is 53,900-53K next target would be 51K
looking bearish going into the weekend. yellow line is last level of key support.