M4 PCS (NOT EWP) count analysis of BTC 1D
Updated
Watching the counts from the struct beginning at the middle March low, and judging from price behavior around the Dyad lines, we could be close to seeing this daily structure top. Will likely see a new high above 10494.8 but may then turn down for a good shorting op... Please see the orange box for definitions on all my cryptic comments! Enjoy!
Comment
Yellow comment shows the most likely outcomes... should read "clued @ points D and E" - the "16fD" comment should also be labelled as point 'E'. Bottom line is this struct keeps 'pointing' to a 8 (our Dyad) or a multiple of 8. This is price telling us that a Dyad multiple is the most likely endpoint. As always there are other possibilities. If you care not for attempted forecasts, wait for the drop then short on the first pull of the next downward struct...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.