KenzoYagai

KenzoYagai

I speculate here on formation of EW triangle and repetition of previous fractal. RSI 4H and 1D is getting downwards momentum though, so we might see a pull-back as far as to .786 to form a trend-line of the 1st degree - but at least .382 is expected before continuing up.

KenzoYagai

Let's go brrrr....

KenzoYagai

I follow here a formation of (abc) correction, whereas we've just finished wave (b) and are heading for wave (c).

KenzoYagai

I speculate here on a formation of a EW triangle (also know as a bullish flag), whereas as see a formation of wave (a).

KenzoYagai

So far, so good.

KenzoYagai

I follow here 5w impulse into the marked zone.

KenzoYagai

This is the most bearish scenario, assuming a minimal pull-back to .382

KenzoYagai

We reached TP1 as due to previous analysis and now will see which other direction will SPX take.

KenzoYagai

Is SPX heading into a deeper correction?

KenzoYagai

One more leg down?

KenzoYagai

Assuming correction (bearish) scenario.

KenzoYagai

This simple BTC analysis tells us that the current accumulation phase has been unusually long and aggressive, suggesting, we can expect nearly vertical price rally in the next 18 months or so. The price could reach 300k by the end of year 2021, peaking at as much as 400k-500k.

KenzoYagai

To me, the odds are now bearish.

KenzoYagai

I follow here various EW counts within ascending wedge.

KenzoYagai

We§ve likely finished the 5th wave and once we break the trendline, we enter the downtrend as marked on the chart.

KenzoYagai

Is that possible that major bullish flag printed on D will bring us above the trend line?

KenzoYagai

We'll break this, and we're on the way to the Moon in 18 months.

KenzoYagai

This the scenario I currently follow. Not surethough how high we might go when breaking up through the upper trend-line when the biggest guys will just watch.