Currently believed that dxy is or has started a wave 5 impulse to new highs. I believe that this will cause corrections across stock and crypto markets, potentially for next two years. Bitcoin may have toped, I, a, looking for a pull back to low 70 this next 12months being a A wave on a large scale corrections, with a push up before failure and settling around...
Weekly Accumulation pattern lowest low at 813 Potential 5 wave rise from 813 area which would be a 1, of a new impulse, with a correction from 1246 to 915 for the wave 2, potential new wave 1, within a larger 3 wave structure. Take profit target overall, 1st target is 3700.
High Time Frame Long Potential wave 3, HTF. Accumulation/ Distribution indicating that increase in buying volume Potential bottom or close to bottom. Target $100+ No Stop
Wave Analysis Wave 1 of a wave A, or a wave 5 of a completed A, unsure at present. Unsure of scale of current waves due to recent trend change Short target 88900
Wave count update on Bitcoin. Currently believe located within a wave 5th wave, in the third wave of that 5th currently, which I belive will terminate ataround 98k, with a wave 4 correction to follow to low 80ks, before basing a pushing to 110-120k.
Ltf Scalp 15mins chart, within larger 12hr trend pattern Short to 70500 then long to ATH
Currently trading BTC. I believe we are currently on the 5th wave of BTC, currently within a smaller 5th wave within that larger 5th, with the first wave of wave 5 having completed in full. There has been a wave 2 within that 5th wave and wave 1 a wave 3 has completed and we have just completed the wave 2 within that larger wave 3. I have opened longs at 65300...
Long Reasons USD/GBP Wave 3 Stop 0.779 Tp 0.892 A/D divergence
Reasons Potential Wave 3 commencing of larger scale wave 5, therefore its subwave 1 of the wave 3 within that final wave 5. DXY showing strength Inverse head and shoulders set up At a Daily support area Stop 6.60 Overall take profit 8.70
Potential Wave 5 starting DXY showing Strenght, expecting this trade to move up.
Believe we have completed wave 3 within a larger wave A of a large ABC structure. Longing what i believe to be area where relief bounce could start for wave 4, before dropping lower on the wave 5 of A. Stop at $141.30, 1st target $202.00, max target $237.00 if bounce is strong.
Bitcoin has started wave 3, within the larger wave 3 structure currently being printed Likely a small pull back from current levels were ill be aiming to take another trade up to around 54k take profits n then aim to re enter another trade around 53 or 54k levels onto to 59k. Risky entry would be now and stop st 49550. I'm waiting for a small pull bak thought...
If btc performs strong in q4, the upper targets are possible. Stop below local lows would invalidate
If btc performs strong in q4, the upper targets are possible. Stop below local lows would invalidate.
If BTC performs strong in Q4, the upper targets are possible. Stop would be around 7.00 dollars to invalidate idea.
Uni has just completed its corrective pattern. Expecting another push from Uni to set new all time high. Stop $34.51 Max Targert Price $39.15 (may be more, being conservative)
Sxp has hit the top of its chanel, with bitcoin performing well this has led to short idea. Stop at $5.655, max target of $3.828