jongjingyantoy

jongjingyantoy

Some alterations from my prev chart, take note the blue letters which is a possibility since we lack momentum to break diagonal resistance. I don't mind if i'm wrong as long as I trade it right.

jongjingyantoy

Looks like we start going higher from here? Might as well expect some impulsive move sooner?

jongjingyantoy

Looks like wave c of wave 2 is not yet done? Let's see..

jongjingyantoy

IMO, this could still be wave B correction followed by wave c before heading higher. I could be wrong, not financial advice.

jongjingyantoy

On going wave 2 correction. 18K is still a possibility from this wave count, or we bounce from here at fib 0.5?

jongjingyantoy

What if we are closer at the end of wave (1) then followed by an ABC correction? not financial advice.

jongjingyantoy

I was not surprised for a short term pull back which I think is happening right now? I would eventually risk some long position to those levels in purple and also esp the green rectangle (if we hit those levels). Not financial advice, trade at your own risk.

jongjingyantoy

This could be the case if the bottom is in already, but always be cautious.

jongjingyantoy

Invalidated or not? If we hold current support, I'm expecting a bounce to at least 19.7K in the short term. Not financial advice.

jongjingyantoy

If momentum weakens, I wouldn’t be surprised if we move lower in the short term. Not financial advice.

jongjingyantoy

Update from my latest post about BTC wave count. Are we going for a final drop short term to complete wave 2 correction or are we gonna rip higher? Opinion only not financial advice..

jongjingyantoy

Expecting a leg lower to finish wave C of 2 from this descending wave B correction. Not financial advice.

jongjingyantoy

From this short term wave count, what if wave C is a triangle to end wave 2 correction? Though I have alternative wave counts, this is what I prefer the most. Not financial advice.

jongjingyantoy

The market looks weak, but what if we bounce from this area? Or a double bottom? Anything is possible, but always plan your trade and trade your plan.

jongjingyantoy

Was expecting that downward pressure after reaching 22.4K level against diagonal resistance from prev. support. Since I am bias that the bottom is in for wave 4 last June and we are currently on wave 5, so I have these 2 WAVE counts for short term PA. Not financial advice.

jongjingyantoy

I avoid complicated wave counts as much as possible, keeping it simple. If I’m wrong, so be it. No need to argue just go with the flow.

jongjingyantoy

Could this be the case for Bitcoin right now, as legacy markets reached overbought levels? Or we could still have some momentum going upwards?

jongjingyantoy

I am bias that the bottom is in, but I could be wrong. If we break above those resistance levels, it would mean an easy target to 29K. We may also revisit the lows before it happen. Not financial advice.