Taking a trade on the short side here with a range for profit targets was a bit late posting this in a bit higher gl.
A Bullish Case with setup and targets for potential next big cycle up.
Spent a lot of time doing the counts here for a potential bullish case..It's not classic EW it's Harmonic we have a key support level we must not break for this to play out...The patterns are not a time prediction more just so an outcome that could happen gl.
Quite likely the bottom is in and we're just consolidating before our next cycle up spotted this harmonic pattern also which is confirming my thoughts.
Have an EW count chart for this but here is another scenario that could play out also.
Posting to see what plays out expecting to land and bounce somewhere in green box.
Potential count forming expecting us to land and bounce somewhere in green box let's see how it plays out.
2 potential counts to play out let's see what happens not taking my alt charts too serious.
Not taking this too serious as alt charts change a lot depending on what BTC does however if we see a volume spike come in we could have a big move up gl.
2 possible EW counts to play out with target box's for both let's see what happens gl.
Overall Still bearish but I have spotted a 3 drives on the lower time frame the max extension of this is around $7700~ before it's invalidated however given the price action I see this could be the bounce happening already low risk trade gl.
Looking like an irregular expanded flat count which has completed/very close we have an invalidation line marked if we bust below gl.
On a clear wave 3 up blue box is peak for this wave however it could have already topped and we correct before next wave up let's see what happens gl.