halimpalim

halimpalim

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halimpalim

Beautiful Line Up of a few Symmetries it could squeeze more to the downside to take out a few stops This is more a scalp set up but it could be a good entry for a longer term position if you are bullish

halimpalim

This is my main count right now. The red zone is the liquidity zone. Lots of Short selling happened there and they are trapped. They are forced to buy now. Sitting at a golden zone currently. If the price breaks it, there is not much holding it down.

halimpalim

Strong Impulse to the downside. Now would be a good time for consolidation. There could be one more wave down to retest the major support area and finish the extendend 5 wave structure of the impulse. Lets see how this plays out.

halimpalim

Bearish Scenario was that this moves up the last few days were just an ABC Correction to the Upside Bullish Scenario is that it was just the beginning of a leading first wave diagonal, which could be the beginning of a larger Impulse to the upside Lets see how this plays out

halimpalim

If the 5-Wave Impulse down gets confirmed and finishes clean, there will most likely be a reaction at 1770

halimpalim

The overall Trend is still down, although it broke out of a major trend line to the upside That could be bull trap, a lot of people bought that break, creating liquidity for short sellers The whole move down since the All Time High, does not look finished There are also a few bullish signs The break happend after the major support at 30000 rejected sellers. You...

halimpalim

Either it finished a Wave 2 or a Wave B. In the first case, the most likely move is a Wave 3 with 5500 as a target. In the second case the most likely move is a Wave C with 4800 as a target. Of course ther are still other possibilities.

halimpalim

Bitcoin might go to the 0.5 and 0.618 fib region

halimpalim

Bullish Divergence on the RSI + Bullish candlestick formation. I am expecting a trend reversal here (for the short term)

halimpalim

This looks like a completed five wave structure to me. Now we should see something like an Zig-Zag to the 0.618 fib level and this big resistance line. Also there is a bullish divergence on the RSI. If you are trading this, you could set you stop-loss under the support line.

halimpalim

According to my Elliot wave count, there is a good chance that the market might reach 2525 in this year. It is based on the Fibonacci retracement and the Pitchfork tool. As you can see the market got rejected at the golden zone and now we are heading to the first algo target whis is the -0.236 fib level.

halimpalim Updated 

Elliot Wave Correction + Bearish Divergence This bear market could be a good thing for crypto.