Aiming lower . Losing of 4500 can bring us 4300. The only option that ecan have triangle correction.Let see.
If we can not have a volume buy over 46.200 we are going to make one low becasue the move from 39.5 not looking a strong impulsive we need confirmation with a pump and hold over46.2 other wise we are gonna go lower becasue of nasdaq and spx aiming lower and latley btc correclation with stock ultimate level so both to ideas makes me to have one more low. According...
On futures, it looks more clear if 40k hold we will have a retracement around 50 to 56. Looks like A or first wave to down according to the time we spend while retracement we will decide is it A or 1
BTC looking a little scary but if it will stay over 40k it will be fine. Ada against Btc on weekly rsi looking like it is going to have a rally next week.
we didn't make one more low I am gonna long if it will come back to one more retest.
Looks like bitcoin in spring top formation 86-95-75
According to Elliot count of the euro against USD look like we are not supported and about to start an impulsive wave to Up I don't know how much Elliot makes sense here but on the other hand correlation for bitcoin tells us that the bitcoin rally didn't end yet.
Looking like exchanges playing around and shaking out the people before going up. Possible scenarios on the chart at least need to bounce here.
Look so similar to a pattern if it holds over 46k it will pump from here as a V-shape. Long the dips with stop loss
I think BTC most likely push around 53-50.500 k reasons that I think that; eth looks bullish ( alt could have a few green days) dominas could fall under 40 cme gap and there is some player who needs to be liquidated over 50k if we are going to 40 k region again.
eth looks should make one more run up so it means btc should move up to ?
If it is on the 3rd wave 52-58 support needs to hold if support keeps holding and BTC comes back around 60-62k this looks ready for a new leg to up.(shown in blue ) But if BTC keep poping there is the possibility that move 38 to 80 can stay as and ABC and we can go back to the 30-40 dollars region to have wider correction ( shown in yellow )
Looks like it is looking for the dip to the moon but possible if BTC poop it can goes back to where it comes you can try your luck with stop loss in the first green box
Break down the main trend, wheater it should jump over white trendline or come back to support otherwise too risky to buy. Looks like it needs more time to accumulate and recover to come back to the game. But if it will come over the white trendlines we can think about it again :)
Explain everything on the chart. it might break out the canal and hold then it can be long with a stop loss but as we experience it before it has a lot of fake our previous canal. So safe longs bottom of the canal.
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after bitcoin back in business even it can be corrective altcoins gonna have some green days. One of the best conditions in the market is now, dot. Turn back over weekly support and at retest position gonna make ABC here in my view. Here is the possible ABC gameplay on the chart.