HankHill_1

HankHill_1

Hello, Been a while since i Have posted, but it has equally been as long since Bitcoin did anything tremendous. Overall, I think this move up is a part of an internal corrective zigzag structure that could lead to FWB:21K on the daily tf. After that, I would look to potentially FWB:42K area as a potentially higher tf zigzag structure on the Weekly. There...

HankHill_1

Looks like bitcoin could be backtesting this diagonal on the HTF. Just keep this in mind. Trade Safe

HankHill_1 Updated 

Hello! Hope this finds you blessed. I am writing as a follow up from my prior wave 5 idea. I am encouraged by this impulse up we made. It indicates we could be in a potential alternating wave 5 compared to the wave 1. Wave 1 was a little more lethargic in nature. This potential wave 4 could be extremely impulsive and might not last very long. I do have...

HankHill_1

Good day to you! This is just a follow up from my post earlier today on the running flat wave 4 concept. Our target was hit and actually hit the 1.272. I originally planned for the 1.236. O well. Profit target was met. To be fair, I am only choosing "long" because i am not in most of my short anymore. Very small portion remains. I am not saying blind long. ...

HankHill_1

Friends. Just an update regarding this idea. It pays to watch all timeframes. Especially with as much consolidation as we have had over the past several days. It has allowed the RSI on the daily tf to potentially create a 2:4 divergence. Meaning this could be a signal for a 5th wave to come in this move. I have alerts set for $21900 on the bybit chart to...

HankHill_1 Updated 

Jsut a follow up from my prior idea. We hit a really nice 5th wave target for the end of this idea. For it being a running flat, we will need to see bullish MS going forward. I am encouraged also by the local 4hr divs at the bottom. This can be a good sign. if it is, a lot of confluence with $26k area Will stay in touch. Trade safe.

HankHill_1 Updated 

THis is just an idea that we completed a running flat wave 4 on bitcoin and have wave 5 inbound. Potential target would be $26k area.

HankHill_1

This is just being shared as an idea to my other post after mentioning that at least a local top was in a few days ago. Considering a bullish ABC retracement idea. I presently have an RSI alert set to watch when the DAILY tf pivot low is taken on bitcoin. If that pivot is taken, I will be watching the 4 hour RSI for bull divs to potentially confirm that the...

HankHill_1

Just an update. I have been charting ETH more as the count is more clean and appears to be more leading. I have this now where this impulse move was over several days ago and we are in the midst of a potential MTF(2/4HR) Wave 3 to the downside. Be careful out there. For what it is worth, there is potential that this could be the beginning of an ABC...

HankHill_1

After a review of my prior analysis, bitcoin could be in the final 5 wave structure. Locally could have completed a 2 of 5 of a higher degree 5th. Happy to be wrong but there appears to be some signs of strength for another push.

HankHill_1 Updated 

Correction from my first post. I dont believe my first chart was zoomed out enough to see the correction. Bitcoin hit a critical resistance earlier with a running flat extension potentially signifying that this corrective move could be over or near it very soon. Additionally, what is really interesting is that the C leg of this move is 1.5 times the length of A...

HankHill_1

Bitcoin hit a critical resistance earlier with a running flat extension potentially signifying that this corrective move could be over or near it very soon. Additionally, what is really interesting is that the C leg of this move is 1.5 times the length of A which is very common in these corrections. The date hit exactly at the current high. Could still l go...

HankHill_1

This is a very interesting area right now for bitcoin. It could very well be completing a running flat (red) or could push up for an expanded flat (yellow) Other possibility is that we could retrace for a 2 down to maybe 21k. However, the higher we go without doing so, makes me think it is a liquidity grab for an ending 4 and we push down for another 5 waves...

HankHill_1 Updated 

Just an Idea on the local PA. Could be an expanded flat 4. If so would look to that .236 and .382 confluences for a long on a 5th. Chart is in log due to the impulsive nature of the PA prior.

HankHill_1

Not a whole lot of commentary on this. It looks like we are in a wave 4 of 5 of a higher degree 3rd on Amazon. I would look for a buy opportunity if it hit those confluences around $60-65. Would look at a possible 5 of 3 inbound at that point. Just my perspective.

HankHill_1

This is just really for documentation of an idea I had been tracking for some time. As you can see, this idea is showing that we are still within a HTF wave 3. Within that wave 3, it is being theorized in this idea that we could be putting in an expanded flat for a wave 4 of that larger degree 3. Which is why the 3rd wave is not being marked with that last ATH,...

HankHill_1

This is an idea I have had for quite some time but have yet to really post until the first target became close. From a HTF perspective, I had a wave count on the bitstamp chart that indicated $69k could have been a HTF wave 5. Indicating a long corrective ABC type pattern would come next. This is certainly not trading advice, but what I am looking at for the...