Opening in Range, in value, on a Friday, its Quad Witching, looking for an open auction, we have a poor low OVN, that could get retested, the delta is pretty short here before the Open, watch for clues in the order flow on the Open for signs of direction. Its been a good week, dont give anything back, we could definitely have a balancing day here. GL
Set your date and distance according the chart you are using, find the range with ATR, daily weekly or monthly depending on your start date
Looking at the past three weeks, breaking each week into its own micro composite to see the volume profile, and analyzing the profile as a whole (on the right) we have seem to come back into balance, closing just above the Point of Control since we hit the local bottom. This week I'm looking for an initial test lower and finding support around 270, if support...
Will she break out of this channel? as I have it counted here it looks we still have another wave down but there are many ways to count this thing, waiting for confirmation at this point, one thing is for sure we don't have much room left to fall, will crypto see any bullish action this year? I think we will know soon enough, stayed tuned
There are a few counts Im working with at the moment and this one has COINBASE:LTCUSD finishing the Y wave of a WXY correction, this doesnt mean we are going straight to all time highs but does support the idea we are moving higher. Waiting for the retracement of what looks like a leading diagonal going in at the moment. If this is a Wave 1 leading diag look for...
This market is starting to take shape, lets see how she shakes out
One possible count I have here is a Flat, Triangle combo, it starts with an Expanded Flat w/ short C wave then the X into a triangle, this plays nice as a wave4 with one more motive wave down then we will get another retrace
ETH possible ABC in and on to new lows or will we find support here
BITFINEX:BTCUSD has a very high probability of hitting this Median Line (ML), the middle blue line, this will be the make or break area. Typically with ML analysis the price will initially fall thru the ML but will almost always return to it to retest, even if it bounces off the ML on the first touch watch for a retest, just look at the chart every time it...
she found Support again at this long term trend line off a pitchfork from 2017, now running into resistance from trend line off previous wave 1 or A depending on how this plays out. BTC is know to make deep wave 2 corrections, could this be the start to another wave up or is this just another ABC before we head lower
This count plays out very well, following all guidelines
looking for this lower parallel to hold, if not its a long way down, have targets at 5.3-5.2k then 4.7k