Chart description:
- ABC correction - C wave (final 5th wave)
- RSI trendbreak (confirmation 1)
- MACD - move down to zero-line (confirmation w4)
- MACD - Zero-line reversal (upward) + signalcrossing would confirm 5th
- Waiting for price to make a higher low (HL) in which price moves above previous high (see previous flag indications)
Note
Note
CKB is holding strong. Consolidation with low volatility, which supports a bullisch narative. As pointed out, I expect CKB to make one more high. Minimum target $0.0202.Note
Moreover, a MACD zero-line reversal with a bullish signal crossing confirmed a finished w4.Note
If BTC breaks 65k then w4 is finished.Note
Have this primary BTC scenario in mind.Note
Keeping it simple. If BTC can break $64.5k then wave C is finished (w4) and we're looking at a potential w5 in the making. **My chart displays a 1-2,1-2 setup, but probabilities are low. For that, we need see some volume. MACD(4h) could go first a bit lower to finished w5(2) before a ZLR to support w5(3). Either way, I want BTC to take out 65k.Note
Update BTC:Note
BTC's attempt to break 65k!!Note
BTC update.
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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.