Forming a wedge on the 4H. I see one of three ways this plays out. Either we breakdown to low side and sweep the massive single April 18 candle or we continue the bull market cycle and break to upside. Lastly, it could pull a Judas Swing here (in either direction). I am bullish still so I think bulls know to not let other bulls scoop up the discount if it...
We have been accumulating in this range for quite some time (March 10th) and picking up a lot of volume. I think this is a very strong indication to be on the bullish side even though this pullback changed a lot of minds. IF we can reclaim the local range high, then reclaim the HTF range EQ, retest and break the market structure it should signal a long. We can...
3 Scenarios to enter a LONG A) Reclaim range EQ B) Wait to see if we pullback even further (CME gap is filling so might not happen) C) Scalp for local range EQ on LTF and front-run plan A.
Long play for ENJ if we sweep the range lows or break EQ and re-test successfully ...
Update of the Impulse wave to now include Primary waves on the last Cycle wave.
Cleaner version of initial drawing, was excited to get the finding out there. Applying the MACD also shows crossover 0 line when the initial cycle wave starts on the daily chart. Further details are listed in my linked write-up. Looks to be still on track for this target of a long position. Possible to play compound waves inside the fifth if this plays out the...
Macro level Elliott Impulse Wave for BTCUSD. Following the traditional approach, Wave 1 starts Oct 21 when we have a big daily reaction to kick off the parabolic trend. This aligns directly to Wave 3 being the 161.8 to validate first part of the impulse move that started the trend. The retracement of wave 4 is the defined 38.2 length of Wave 3 . The...
BINANCE:ADABTC has been the newer alt coin on the market with good movement. Here we can see the BTC massive sell of and weak hands giving in which triggered a downward wave trend. Based on the ADX/DI with last wave fib overlayed on the potential bull flag we might see a possible 15% position. Fib set from DE wave to present value and aligns with a .618 prior...