Iwagsz2

Iwagsz2

Channel

Iwagsz2

1 day BTC

Iwagsz2

ADX Trend Indicator

Iwagsz2

Watching downward channel and using Heikin Asai candles for trend and TD Sequential plus 5MA, 10MA white and 20MA green. Although it looks like decending triangle forming they seem to break down. I have an area of interest between 5K and 5300 i'm interested in but have not placed any bids. I will wait for breakout of down trend with solid green candle crossing...

Iwagsz2

Sub wave channel

Iwagsz2

Target for recovery wave 1.

Iwagsz2

Watch Channel for Breakout.

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9500 Channel

Iwagsz2

If my Elliot Wave count is near accurate then this would be my projections.

Iwagsz2

Based on my noobie understanding of Elliot Wave counts this is my idea.

Iwagsz2

Daily chart shows clear double bottom.

Iwagsz2

Looking at the overall chart I thought It looks like it is a mirror image of how BTC resets.