jongjingyantoy

jongjingyantoy

If we pull back from here, we have a strong support at 44K.

jongjingyantoy

We’re not out of the woods yet. First we need to break above B and hold. 44K flipped as support..

jongjingyantoy

Did we just broke that flag pattern? Can it hold and break above next resistance?

jongjingyantoy

Are we there yet? Or we still have to go lower before a bounce? This is purely speculative short term price action analysis.. not financial advice.

jongjingyantoy

When everyone is waiting at lower levels, bitcoin will tend to do the opposite move. Often disappoint those eager buyers at lower levels. Will it be?

jongjingyantoy

Comparing to 2013 price action with corresponding elliott wave count.

jongjingyantoy

Usually triangles appear "as the second to last wave of the larger sequence."

jongjingyantoy

Potential inverse H&S 4Hr chart.. must break current resistance first.

jongjingyantoy

Previous wave count was invalidated, so this might be the final wave count for being a bull? I believe we’ve ended our first impulse (wave 1) and currently correcting to wave 2. Next is wave 3 - start of manic phase then to wave 5 and the blow off top. But this will be invalidated if we go back to 30K. If you’re not on leverage trading, then stop worrying. Bitcoin...

jongjingyantoy

another hocus focus for your entertainment.. What if this happens accordingly? Or we could drop to 50% (41K) just like what happened in 2013 before mooning? Or are we currently in a correction from 64K top?

jongjingyantoy

April to December 2013 price action, will it rhyme or do the opposite?

jongjingyantoy

Waves 3 and 4 (black label) invalidation point below 42.5K.

jongjingyantoy

What if we repeat 2013 price action, anything is possible right?

jongjingyantoy

That was a quick impulse (a), so if we have to bounce from this area, then this could be the time to do that. But if we move lower then next support is at 40K area.

jongjingyantoy

Just another day in crypto world. If you are in this for the long haul, nothing to worry as long as we're above 35K. Some invalidation from my previous wave count. Just go with the flow and follow the price.

jongjingyantoy

As expected correction from my previous post. Not really sure if this is over though. Will adjust accordingly with the price movement.

jongjingyantoy

Must hold above 50.5K to validate sub-wave count. Anything is possible, will just adjust and follow price movement (The market is always right)..

jongjingyantoy

ETH 4Hr chart with Elliott wave count. Possible first impulse on the third wave. Purely subjective, always take it with a grain of salt.