kany_c

kany_c Updated 

Expecting a bounce from the support.

kany_c Updated 

Perfect 5-3-5 correction like in technical books. is it ABC or WXY?

kany_c

Correction to 10000-96000

kany_c

End of wave 5, increasing price with decreasing-low volume, divergence on RSI, MACD, ADX. Correction will take place soon. As we are in a bull run my correction target is around 0.318 fib zone.

kany_c

WYCKOFF PHASES COMPRESSION

kany_c Updated 

Update. If breaks down the second green zone we go down further. If bounces back we see above two different green zones as target 1 and target 2

kany_c Updated 

SHORT TERM

kany_c Updated 

We have so many different scenarios. 1-If this wave is impulse wave can break up and then we can expect it can reach major resistance are 9300ish. If not then we may treat that wave X. 2-If this wave is not impulse and volume is not enough then we can expect a correction WXY or further WXYXZ. If this is the case, it can retrace to 0.618 fib level of bidder wave...

kany_c Updated 

2 different H&S, should watch both patterns. It seems small one is not valid anymore but lets keep watching a bit more. We might see a strong uptrend if brakes the bigger H&S.

kany_c Updated 

Target 1 & if extended wave Target 2. About to break out the triangle.

kany_c Updated 

Correction in progress. Broke down the channel, still trend is bearish.

kany_c Updated 

Second wave is over and consolidating perfectly on 61.8 fib. Still needs volume to move up. If btc keeps being a good boy,to me worst scenario, considering a 1:1 fib extension we can see a move on 3rd wave like this. If she goes above 1:1 extension, 1.618 a small update will be needed on this chart.

kany_c Updated 

Retraced to 61.8 fib level and consolidating on it. End of symmetrical triangle - wait for confirmation. Bunch of different and complicated options. Better to wait for a while to take positions.

kany_c

A-B-C correction seems completed or almost completed. Can possibly move up and down, zigzag through the pennant till we pass the yellow circled resistance of the pennant and 0.5 FIB resistance (actually 0.5 is not a fib zone but lets say fib) but if we look at the bigger picture expecting a bullish move on the long term. Chart is time-independent.

kany_c Updated 

Lets watch the patterns and support lines.