TL;DR: 32k --> 20k...? Here's my current EW count and HTF thesis. If my count is accurate, I think we can squeeze 33k out of wave 5. This will also satisfy the Wyckovians among us but we will not make the D1 gap around 35k. After 33k, I think there is a good chance we can begin dropping back to 20k, where we just made a new D1 gap on the way up. 19k is also...
STX has a trend line breakout / retest after a double bottom @ the VPOC. Looking for STX to hold & climb from here. Stops below the DB.
HNS tgt looks to be 1685. Volume & TL targets are lower. Seems likely to play out through the weekend.
USDT just re-tested the 7.2 range and this diamond from 4/22. This looks like a good setup to start the week off bullish for CRYPTOCAP:BTC and CRYPTOCAP:TOTAL and, of course bearish for USDT, from here.
ETH looks to have a head & shoulders with a tgt below 1700. VPOC for this area is in the head around 2100, and we have just back tested the yellow TL.
I believe the quick drop yesterday could have been a large order that was triggered by backtesting this trend line. Im bearish from here until proven otherwise.
Looking for 24-25k on this drop depending on how you want to drop your lines. 20k is on the table if we dont hold there and try to fill the gap.
straight forward...possible pullback below 24k if the wedge plays out too.
6.5%, as expected, is proving a very strong level. Scallop tgt of 6.43% was met then we retreated into a double bottom (so far). The most promising part of this though looks to be the possible "peek-poke-pop" that could result from working this level.
If this plays out & holds, it will take us through the Great Wall of 6.5%. Scallops typically move quick...also be ready for a possible quick plunge (higher USDT,=lower TOTAL) to grab liquidity before market open. Short USDT = Long TOTAL, BTC, etc
H&S on USDT = bullish for BTC & Total. Tgt is 5.32% and should break out by the end of the month, but no later than mid May. Rising wedge tgt will take longer to play out and could take us down to 4.0%. 6.5% is still proving to be a formidable resistance level, so anticipate more bounces before breaking through. However, we have already bounced at this level...
Looks like we may see USDT at 4% again in the near future. Targest are 4.0% from wick measurements and 4.69% from candle body measurements.
Poss ETH pullback to 1600 based on this R. wedge setup.
Looking at another possible pullback to the 21D EMA before continuation. Im waiting for b/o from this R. wedge & below the r/s for confirmation.
BTC megaphone pattern appears to have already broken out & retested the upper TL. Looking for continuation to about 30.750. Alternatively, the short entry from this pattern is also included, but due to upward b/o, is very unlikely compared to upward continuation.
Im bullish on this one, but short entry is also included. we need to break out & retest from here to actually be bullish above current levels.
Looking for BTC to complete this HNS back down into the 19k's. Hang on tight to your stops!!! :)
Looking to see if FTM is going to fill back down to this wick, or move up to form a hammer setup. Both seem about equally likely at this point.