This is the local count that I get when looking at the previous 4 wave count which is a possible A wave down, as a full macro retracement. The red wave count shows possible target points when following the down trend, basing off the macro model I am following shown below
The green wave count is going off if instead what I am calling a wave 5 is actually...
Just basing off of my previous idea that panned out, and my over all view of the market, I think we are in a B wave correction, still heading to lower lows, once we hit the target areas in red.
However, below is my bullish perspective which is still very viable, depending on how this B wave plays out, but we could have possibly already completed the regular...
These are the counts I have come up with after a stressful month.
My price targets are shown in the green boxes with the 3 possible outcomes for the end of the 5th leg.
It can be truncated if we find a lot of bullish support near the previous bottom
Just a quick simple overview of what I see on the MIR chart. It seems to be forming a textbook descending broadening wedge, and from the counts I receive I expect one more leg down near .90 before a massive move up.
This fits in with my bearish perspective on Alts, such as FTM - Idea here
And the macro perspective of BTC market as a whole - Idea here
This is just my personal outlook on the state of things. I believe we are still in wave of 1 of the beginning of the correction since 69k.
Please feel free to troll me if you want in the comments below,
THIS IS NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH.
This is a general over view of the state of Bitcoin in my personal outlook. I believe all TA is just a lens, in which you use to view the same thing but in different angles, different perspectives.
In this case is the macro Log scale trend line that I separated into 3 parts. Showing global resistance falling to it's middle line and then back to the green support...
This is just my personal view on the pathing that FTM is taking. Of course predicting so far out can bring massive uncertainty since anything can literally happen between now and then.
But using TA this is what I have come up with and will trade accordingly until it becomes invalidated.
Below is my previous idea that shows this current move in a larger scope.
I believe we have rejected the 40k range through a failed wave and I believe BTC is still in a wave 5 of the meso scale and we can expect more downside, as shown below
Based on this I am looking for an actual bottom near the 25-29k area.
Currently I believe we could still be within a larger correction heading down towards the 33k Range.
We could still complete a 5 wave count up to 50k shown in the green wave count.
The end of that wave count could still be part of a correction within the bear cycle, but I would need to see how it acts around the targets mentioned.
Above is my analysis on accumulation for ICP on the Daily chart.
I am basing it off of accumulation explained from the Wyckoff method. In its theory we should see a mark up in price for our Phase E, unless we are in a new TR during this Phase.
If you believe I have mislabeled something please feel free to comment and explain.
*-Disclaimer- I am not your...
EOS and the entire crypto market has been going through a much needed, and anticipated retracement.
Currently I see multiple coins forming a very similar formation after bouncing from their respective support lines.
In this case EOS found support near the $3.50 - $4.00 in which I am calling the bottom of the 2 to begin wave 3 into the $16.00 zone (this is the...
The above chart shows the 12hr scope for what I see in 1INCH.
We retested the overall channel and started an impulse wave in which I believe we are now in the correction of.
I then saw what, to me, looked like a 5 wave correction that should have lead to a 3 or 5 wave B wave. As shown in the chart below in the 1 hr scale
But it looked like the mid line of...
ICP is forming a triangle formation with lower highs, and higher lows. This sometimes indicates that the market is indecisive of which direction to take.
I only trade these breakouts on confirmation of a closing candle, in this case the 1hr.
I will be looking at the AO to ensure a bullish cross up to 0.00
Also looking at the alligator green 'Lips' to cross over...
Initially I anticipated a correction to $11.00 - $11.50, before we continued a wave 3, or 5.
However at the time the 1hr RSI, and CCI look very bearish with volume declining.
If it doesn't pick up then we may fall below the $11.00, and may be part of a larger correction.
Any insight from you guys would be very helpful.
**Disclaimer - not financial advice,...
From my previous post I was waiting for the $11.5 area to resupply in hopes that the 3rd eliot wave would continue.
The chart above, like always, shows the possible bear outcome.
We might still be retracing into a larger B wave to still complete a larger C wave down near the $9.00. This would imply the impulse yesterday wasn't the start of a new wave or we...