This is a bearish count downward from angle of Monthly chart and a shorter time frame.
Actually a video made for my sister regarding a BA trade and decided to make it public.
It appears quite clear that SPY and virtually all equities indices have at least another wave to go down and see lower lows.
This video walks through the thought process of a Mid-term USD Bear trade.
We work out two elliott wave scenarios that could possibly be unfolding in the hourlies. We do Fib math on the go and "think out loud" about what the price action is telling us.
Elliott Waving analysis on the go...
BitCoin Bottoming Corrective Patterns Scenarios/Possibilities
Athena health to be Sideways to Bearish for Extended Period
We have deduced that the Bitcoin price action wave pattern off the 20k price high is a Complex Combination commonly referred to as an Elliott Wave Triple Three- W-x-Y-x-Z. It is our tentative forecast that. Price action is between the 61.8% and 78.6% Fibonacci : One can notice the capitulation price action nature quite indicative of a final Termination Wave....
From an Elliott Wave standpoint the price action varies from market maker to market maker. On the coinbase broker we have an irregular flat pattern a-b-c that is currently in the wave c. The wave c structure appears to be playing out as a wedge patter that moves in 5 3 wave movements that whereby the wave IV reaches above the terminus point of wave I. The...
The a-b-c irregular flat pattern is expected. The momentum is expecting to wane above 17697. AS of the time of typing this market rose to 17032. A look at the minutes suggest that the most recent high was of the end of wave b and the wave c down now should come underway and market price should find support at 13501 minimum. We shall keep an eye out for a failed...
This is an extremely tight yet high probable setup because per ellliott wave guidelines our short term count/setup is wrong if market breaks 1.1595 in the near term (minutes charts) Buy @ Market 1.1605-1.1613 Stop@ 1.1593 Target W (1.1573-1.1687=114pips) = Y up from 1.1595 Target 1.1709