The BTC are showing to my eyes a Ending Diagonal, this could be the beginning of a correction in the crypto world.
The diagonal are compose for 5 wave and internal correction waves.
So, the ending diagonal normally was generate at the ending of 5 wave or C wave to change the market direction.
If I'm wrong the invalidate point are 38600 at this chart.
Very impressive rally, the long was a very good trade. Now we have an interesting price on the SPY, the previous support is now a resistance and the bearish trend line since July is at the same level.
I see a bearish impulsive wave 5 and I suspect that this rally was a correction, very strong correction, but this week could show us the true face of the market.
This asset shows a triangle at Fibo 1.61 and in the last bearish impulsive wave of, so I think this could be the beginning of a correction wave ABC.
This level is a historic moment, because the volatility is extremely higher for TLT.
I am bullish on TLT, selling puts at the 81 level.
Possible reversion into the price of US20Y, the MACD show a divergency and the stoch and sensible RSI are overbought.
Maybe the 5% is the top, maybe I'm wrong but there is a good time to buy TLT for long run
I think that the correction was accomplished at the lows of August, this is the ABC in yellow, so the wave 5 is in process, the last wave is the 5 of 5 and this wave could fill the GAP or extend to the 4700.
The people is very bearish, and the market is a contrarian, I speculate that the price goes up and then correct with a ABC to the 4100 by the end of the...
At the monthly chart we are in front of a hard resistance, could be a retracement to the 9 BTC/Gold or maybe more deeper to the 6 BTC/Gold.
In the other hand, we are in a possible corrective monthly ABC wave direct to the 24 BTC/Gold (48k/2k maybe), with fib, very frequently if the price don't cross the 0.61 means that want to go up!!
I try to draw the best and...
The index has completed an impulsive wave including a 5 wave extension to reach the 4300 resistance zone, it could correct and I could go on but I prefer to watch and then trade at this point ....
If I'm wrong please give me a feedback.