The importance of the arithmetic GZ fibs in BTC (scale in log, fibs in arithmetic here). Algos defended.
The macro triangle counts are the ones to focus right now. The red count shouldn't be considered out of the picture yet, especially because the subminuette WXY appears incomplete. Notice that there is a high volume node around 6500 (active your VPVR indicator on your chart to see it). Lets wait and see if a downward three-leg structure appears in the coming weeks.
We may double top inside this (arithmetic) golden zone where algos have already started defending.
If Bitcoin has bottomed, so has XRP
NVDA lagging AMD, both in a big flat correction? Invalidation at 317.78.
Bottom could be in. Bearish count not invalidated yet.
We may have completed a triangle subwave 4 (truncation at the bottom?), as shown here in the blue count. In this case, W3<W1 so no extended 5 expected. Bearish count looking less likely now...
One higher high left on the 1H TF? This upward correction looks more like a B than a 2. 2H bearish divergence on the RSI. 1H bearish divergence on the MACD. Currently at the trend-line. Now or never for the bears?
2H bearish divergence on the RSI. Currently at the trend-line.
Bullish component of the SPX... Who is lying: FB or SPX?
Like in gold prices, we didn't get the expected dump we use to see at the B extremity of a flat correction . A triangle is possible in AMD . Prices might be pushed by the pushed by the daily Vegas waves.
Here is a scenario that would match the broader assets' bearish case. The subminuette 2 in blue is incredibly short in time which is quite an issue. We were expecting a flat within the yellow micro 2 but we are currently consolidating instead of dumping (to start subwave C of the flat).
Here is a scenario that would match the broader assets' bearish case. The subminuette 2 in blue is incredibly short in time which is an issue. We were expecting a flat within the yellow micro 2 but we are currently consolidating instead of dumping (to start subwave C of the flat).
Put/Call Ratio's 9-Day EMA Still in No Man's Land
The most important chart in the world right now: VIX futures. That golden line at 31.3 must hold to maintain the bearish scenario alive. Notice what is doing the MACD histogram on the daily TF.
Win win situation. Ride the C or the 3.
Is the DAX Index in the Most Bearish Configuration Ever?
S&P 500 CFD (4H) / Bearish (Primary) & Bullish