I did mentioned in my last post that we need to drop one more time to complete wave C, but now I also think we could be in a eave 4 triangle correction.
Wave A most likely done. We still need to finish wave B and C before the last lager wave.
1INCH is making a comeback! If we break 0.59 next stop is around 0.89. Closing a weekly candle above 0.59 is a very bullish sign.
Been looking at link for a while now, finally starting to look good but first we need to break this bull flag and second need to break above out of the square.
Do you trust Fibonacci because I do. We ended up breaking 20k support now imo I strongly believe we will one last time see 13-12k price level. NFA
Every detail is on the chart. IMO bottoms not in yet as I mentioned before this year BTC will remain bearish, I have more analysis coming very soon.
Look left to find where BTC struggled breaking through resistance and that's your support.
I will be paying a very close attention to the 200WMA, as I Know in the past years it has acted as strong support. Imo I feel like on the smaller time frame we could go lower but on the weekly time close back above 200WMA. I still believe we won't see a bull market until next year.
Imo BTC have not bottom out yet, in 3-5 days we should make a new LL most likely.
0.5 is also very likely to act as resistance but i feel like we could push towards 0.618 for a fake out and get rejected around (200DMA)
30K is a really important level to watch atm. Imo bitcoin will consolidate for a while before making a new LL or HH, I'm heading more towards the LL as I believe we are on the last leg down (waveC). If we break 30k support 20k is next.
USD looking very bullish imo. We could get a small correction before breaking the resistance nothing major, I won't be so bullish if we drop below 0.5 fib level.
If we break above 0.786, then it's more likely we might make a new ATH. S&P500 getting above 200 DMA that is already a positive sign. IMO I don't believe S&P will make a new ATH anytime soon. ATM we still have more space to go lower even making a LL.
Atm all I'm looking at is this Elliot count. Imo I don't think the correction is over yet, and i do not believe Bitcoin will reach 100K this year. I mean i hope we do. Make sure to have a look at the MACD on the monthly also.
For now two ways I see bitcoin playing out, trend line we are about to face have been acting as strong resistance, once we break I believe we could start seeing new HH. Be cautious for the false breakout. If BTC go lower, I’ll be adding more to my bags around 30k NFA.
Once the market recover Solana is going to skyrocket. We have broken below 0.618 for larger wave 2, imo anything under 0.618 is a great buy. I'll be more bullish once we break above 155 and make a new HH.
At this point i believe we are either finishing up with wave C of expanding flat or C wave on a triangle. If this is a expanding flat, i'm expecting a LL soon to complete wave 5. We could even wick down to 20k and close a daily candle above 25k.
Most likely completing wave 4. This could end up being a triangle (33333). If not triangle, I'm long term bullish but next support is around 30k. :(