I've been looking at Under Armor. I think that it has been doing great the last few days despite all the fear in the market. In my opinion this is a great swing trade opportunity. In fact i have a strategy for both cases, either short or long. But if you put a gun to my head and make me choose, i think it's a bigger chance to go up. If the support line holds...
I'm almost convinced that BTC is in bear territory. Just waiting to see if it will brake the 200MA at daily candle. So that's why this count seems plausible for me. I know that i'm biased and i wish for a cheap bitcoin :) so i can afford to buy a lot more ... but it just looks perfect. Right out of a book. If wave 5 doesn't extend this is a likely scenario in my opinion!
It's too bulish for a wave failure. The next correction cannot pass under 20k... So too bad for those who hope to get another chance of buying it cheap.... Myself included... Also look at the RSI... it still has room to go historically, also there is a double tap of the RSI before a crash....
i see this pattern in all cryptos on daily chart.... why would BTC be any diffrent.... if it would jump now... it will go up too soon too fast. by the end of the year it will reach 200k . so maybe 2 mounths of triangle and by the end of the year about 60 k- 70 k .... 2-3 growths of 1.golden ratio.
after a crazy run... should come a crazy correction. 2 different cycles drove it up. so there should be multiple complex WXYZ corrections. and return to normal growth.
What i see in Verge. All the bad sentiment will fade. And the work will add value