Please refer to the chart. I made this chart on monthly timeframe since January. It's playing out now. Wave 3 is the longest wave. With the heavy stimulus from the US Fed, we are in big time for inflation which results in the big jump of BTC price.
TA seems to not work very well when the market is being driven by fear and artificial rate cut.
Goodbye Deutsche Bank
You only need to risk 10-15 pips to capitalize on at least 50-100 pips with simple EMAs and divergence
Main trend is down, but we still need to break out of this zone to confirm the sell
Look for wave 5 up then a sharp reversal to complete wave C
Please refer to my Higher TF Analysis on GU
I'm looking at wave 2 on AU. Wave 3 is not confirmed yet but wave 2 is hovering around the 61.8% level
I'm looking for a quick 50 pips move to the upside before a reversal to the downside. If this is the case, we are looking for a massive wave 3 coming soon. The 1D analysis is saying we are in a Wave 5 impulse downward. Please see my other chart for higher tf analysis