jongjingyantoy

jongjingyantoy

Previous wave count for leading diagonal was invalidated since wave 3 is the shortest after a slight breakout. If we have another breakout from this resistance trend line, I’m expecting 29 to 33K short term targets. I have biases that we are in wave 4 or wave 4 is ending and bottom could be in already, so not financial advice.

jongjingyantoy

Some bearish hidden divergence on the daily and 4hr chart. Let's see if green area can hold if we start to go lower. Invalidation for wave 2 below 17,600. Not financial advice.

jongjingyantoy

Let's see if this is the case for BTC. Expecting short term bounce to complete wave 1, then next is short term correction for wave 2. Not financial advice.

jongjingyantoy

This would be my smaller wave 1 from this bottom bounce. Double bottom is also acceptable. Not financial advice.

jongjingyantoy

Still my short term price target, which I adjusted a little bit from prev PT for minor wave 4. Lets see how PA reacts to this level? This could also be wave 1 unfolding, let's see. NFA

jongjingyantoy

My short term price target for minor wave 4 (red) or this could already be wave 1 unfolding? Fear and greed index at extreme fear right now and people are expecting lower prices, this could mean bottom is in already or we are very much closer to the bottom. Must hold the line at $21900 for us to bounce. NFA.

jongjingyantoy

With an extended minor wave 5. This is not financial advice and not always the case.

jongjingyantoy

If minor wave 4 is a triangle and wave 4 correction has ended or going to end. FYI This is NFA and not always the case.

jongjingyantoy

FIB 0.382 has been reached which is our main target for wave 4 correction and RSI is now back to oversold territory.

jongjingyantoy

BTC is now below the lower trend line of this diagonal or triangle formation and HL PA.

jongjingyantoy

Another wave count in red which is also a possibility of a leading diagonal wave 1, which means wave 4 correction has ended. NFA

jongjingyantoy

These two wave count points to the same direction for wave 4 correction to end. It means more pain but also an opportunity to add more BTC. NFA

jongjingyantoy

Sharing some similarities with the previous PA in the daily chart using RSI. Let's see what the daily candle close will be.

jongjingyantoy

Let's see what Bitcoin can do this time, looks like momentum is slowing for now in this 4Hr chart.

jongjingyantoy

Either way, I am all prepared for my short term trades. No time for egoism to be right all the time, just adapt, survive and flourish.

jongjingyantoy

I haven’t closed my 30K level short position and moved my stop to 29.9K which I believe to be the end of wave E (wave E is also a lesser degree triangle). I noticed a downward motive wave in lower time frames which I think to be wave 1 of wave 5? FYI, there is no certainty that this will be the case in the future and this is certainly NFA.

jongjingyantoy

Took a small short position earlier at 30K (limit order was hit). My thesis is that it’s forming a barrier triangle which is commonly found in wave 4 type of correction. My stop loss is above wave C (refer to this chart) which is at 30.8K and my initial target is the barrier line that connects B and D which is at 28.6K (1:2 rr). Some of my other targets are also...

jongjingyantoy Updated 

Looking forward to these short term moves all pointing towards the upside 33 to 38K and either grind towards higher or fall back down below. (FYI not guaranteed it will happen, just my personal opinion. NFA.)