Expecting surge to 19000 sats in the next few weeks. Then 3 wave dump down to the bottom of the corrective pattern, then surge back up around September or later. This should move with Bitcoin's correction so this would mean Bitcoin pump up to possible $6k zone before dump down to 1-2k level.
Looking at Sears it appears price is moving in a channel. Seeing some nice green wick candles indicates to me that buyers are stepping in.
Could see another drop towards the bottom of the channel, otherwise it could be a good high probability setup to wait for impulse above the channel, then correction (bull flag), and then continuation above the price for bullish setup.
Price action shows momentum is slowing down for bulls. We tested 4k zone and haven't broke it so it appears this corrective structure will dump down soon and maybe test 3200 area. We could see another surge up to liquidate shorts around that level before longs get trapped again and then see a dump to 2k or lower.
Looking over my past count I see a different corrective structure now. This could be labeled a few different ways but overal looks like some type of ABC corrective structure. Previously I thought we could see more of another leg push higher before drop, but now looking at the market I see a big drop coming and you can already see the price action slouch over to...
I see a bigger wave one with a long wave 2 correction. According to EW theory there is a rule of alterntion where if you see a long wave then you could expect a faster wave 4 for instance. I think that is what we are seeing here. Everyone is talking about recession 2020. This is what it would look like with a blowoff top close to or at 4000. Then just imagine the...
Could be in the middle of an ABC correction. Also this one could just take off and not come back. Given the time it took for the 5 wave impulse to complete the probability favors short term boom them bust, then new cycle to start up.