Not for trading advice, it is a sketch only.
BTC is making super big failing wedge with 2021 bottom is around 26K and mid-2022 higher high on 62K
on Failing Wedge, the 4th wave can respond in anomaly where the trend will reverse on super support area then bounce up
The normal failing Wedge, it requires 5th waves before bounce up
Warning, Base 3 usually is known as Rejection Parabolic Base
So I set 2 supports the yellow and the green
If correction is broken down the yellow, then we will test 9200 as bearish support
lower than 9200 the target is very clear and we'll be on crash
Strategies: Triangle, Parallel Channels, Fibonacci, Neo Waves, ABCD
BTC can continue move up to 11910, this is resistance for triangle and also ABCD (0.786-1.618)
With confirmation breakout, if price can cross over 11910
The bullish triangle target is 13K3-13k8 and it will be new HH
After that BTC will make hard correction to 10000-10300 and then rebound to...
XAU performs SHS with yellow line as resistance, if rejected, XAU will retest 1824-1805
But if can cross over, it will retest green line which is bullish resistance
I think, it will cross over, and the price can retest 1992
XAU Double Top Scenario:
XAU can have double top above 2000, I think 2030-2060 is idea for double top
But if the price can...