Search for BTC Top price on this Bull run using 2 yr MA's
seems to me bulls are fading. we'll see.
here's my analysis base on the data I have on this publication
Understanding the 4 stages of the market and use it for long term targets with ETHUSD. Note: Not a financial advise.
Distribution Phase is about to end.
so far, there is a strong volume at price range with current daily pivot and both POC of SV at VR. Once there's a break below the trend line there's no more HVNs for supports. Still I'm counting this as zigzag 535 if there's no break from the trend line below
If we are targeting wave 3 going to Big wave C around 8-7k area.
a triangle might be forming for a possible wave 3 to wave 4 impulse wave
A possible 335 pattern correction upwards for subwave 2
A short from here would be nice targeting the macro wave C. a crossover on HMA's also would be a strong indication that it will go down hard.
Currently making a pennant pattern on subwave b next move is going up to C, most probably on 13k area.
Targeting 122xx - 129xx where the CME gap is present and currently not filled. This is either a 535 pattern to complete wave B macro counts.
Targeting 9xxx USD for macro wave A