- Sharing some thoughts on BTC on 4hr chart. - The primary factor to monitor would be whether or not the bottom of the yellow upward parallel channel can successfully support BTC. It’s the red box on the chart. - If it fails supporting, BTC is most likely to get into corrective phase and at least test the bottom at $55200. - I have marked some of considerable...
#Bitcoin #XBTUSD #Daily #Tommy - Here is XBT daily chart. After a massive bullrun up until 42k, Bitcoin has broken the blue upward trendline below and has been on its correction phase. - Making lower highs and lows, it is currently forming a falling wedge. Moreover, it’s testing the support of the inner upward trendline which I have marked it with yellow dotted...
#EURUSD #Weekly #Tommy - Here is EURUSD weekly chart. Assuming that the impulsive uptrend wave cycle has started from the low at 0.82311 that was formed around 2001, here is my Elliott wave counts. - I interpreted the corrective phase as WXY structure where wave X has tried to make a swing high, but has failed and thus the correction cycle is considered as...