DXY has created a clear imbalance to be filled all the way back to 99.6 level. Expecting price to fill to this level to create efficiency in the market before pushing higher.
DXY just printed an upthrust after distribution we can expect in to 'cool off' potentially before a large reaccumulation near the monthly trendline.
The DXY is on 5 wave move to upside and we can expect an interaction with the 1.618-1.88 Fib extension levels.
There are several harmonic patterns that have played out on the the smaller time frame, looking for three drives into supply before the next sell off, and ultimately the ideal buy will form at the C point of the higher timeframe harmonic pattern illustrated here.
DXY Harmonic is bearish on a low timeframe we are looking for a strong retrace. The expectation is for DXY to fall until the middle of April. Follow a retrace there will be a bullish impulse on the 4 hour harmonic pattern in the background. The B point is always a potential reversal zone.
This is depiction of both the buy and sell setups for BTC on a daily timeframe. Expecting a rejection at 45000 level where institutions have rejected price prior.
Using Harmonics and Smart Money in conjunction with Elliott Wave one can find setups on low time frames that lead to very high risk to reward setups.
Using Elliott Wave and Fibonacci Time We can expect a continued move to the downside before we mitigate positions above $50,000. Follow, Like and Comment. Much Appreciated.
Detailed in prior ideas, now that we have completed our ABC correction to the upside we can expect a 5 wave move to the downside, to our accumulation zone below $30,000. This is in line with the extended bull run model shared before and will likely be followed by a continued uptrend after months.
Cardano will soon complete it's 4th wave before completely its 5th at the D point of this harmonic. It is possible that Cardano will fall to the the point of control where the marjority of the demand lies.
We are seeing very bullish impulses from Ethereum. Expecting the culmination of 0-A leg within the next 12-48 hours and a continuation to the A-B-C legs by March the 5. Geopolitical news will likely impact the derection we go from there, but the expectation is bearish for as long as early Summer.
While recording we began to see the anticipated reactions, expecting an ABC correction back above $3000 followed by a 5 wave move to the downside and a subsequent multi-month bear market.
As we anticipate the bounce for the next rally to upside, it is vital that one practices personal risk management as world markets are fragile right now.
We are currently making our way upto the $40,000 level in a potential bull trap, expecting rejections between $40,000-$41,000.
As mentioned in last idea price is currently making a strong move to the downside. Looking for reversal near the $33,000 level after the market balances gaps made between $33,000 and $37,000 level. Pending concerns about international geopolitical matters, we may see a reversal to the upside to capture liquidity, if not we will continue below $30,000.
It appears that we are having a strong reaction from the demand zone at 41600-41800 we can expect a scalp to the 43700-44200 level and a continuation to the downside.
Expecting a correction at the Fibonacci commonality zone of $38,400 when we factor time and price, look for bearish divergence and hard rejection at the C point of the harmonic to execute short. Invalidation $39500, Interim Profit Target $33,000, Swing Target $17,500.
Providing the sell is invalidated at $39300, here is the setup we might see using time and price.