Dogelon is poised to make another leg up. Price action is expected to be violent upon breaking the triangle pattern
BTCUSD is running low of gas and is currently testing massive resistance at 78% fib level as well as doing a typical extended 5th wave with an bearish ascending diagonal triangle. Look out to short at 50250 price level.
Price is following a clear defined paralled channel. Looks like we have retraced to a algo level ready for a another bear run down to the levels mentioned below if it plays out as per my wave count to arrive at wave C. Otherwise look to long till first target being at 50000 and second at 57000.
wait for the traingle break
Look out for a break below the HnS neck line
Lets see if i breaks above meadian line or gets rejected and come down.
ZOOM OUT AND ZOOM IN ON MY CHARTS AND YOU WILL GET A HINT OF WHAT I BELIEVE IS GOING TO HAPPEN> MASSIVE BULL RUN IS JUST AROUND THE CORNER> THE PRICE RANGE HAS BEEN PLANYING WELL WITHIN THESE BOUNDARIES. IT MUST BREAKAWAY!
Please see graph for the potential path upwards. I see we are currently ranging in the massively oversold range on the RSI and MACD. Looking for a potential pivot point for a reversal
Hi FOLKS, The chart suggests that C is bound to complete at 71 to 80 percent of fib retracement level. Look to buy at those price range
Potential a double top to complete 5 waves up to end C wave. So far EURUSD has been doing double bottoms or double tops. Lets see if this plays out the same. look at exiting around 1.1800 ish if this long plays out.
Target to complete wave 5 of wave 3. Target is as per the fib extension line. Trade with luck folks. Lets go for long
feel free to comment
Looking at small time frame, its looks like we have arrived to a over bought region and mid to long term time fram of up to 1 D TF, looks like its unable to break above 50 RSI. Looks at shorting anywhere 1.0744 to 1.0822. TP expected at 1.012 which is the 1 to 1 extension of ABC correction wave.
From what I deduce, I was leaning on bearish before my Elliot wave was violated few days ago at 1,16400 where it made a higher high resulting in me charting a bull count. It has also broken above the descending trend line in yellow on a large time frame suggesting that it will try to find that as support now unless bears fails the attempt which to me isnt gonna...
34 minutes ago From what I deduce, I was leaning on bearish before my Elliot wave was violated few days ago at 1,16400 where it made a higher high resulting in me charting a bull count. It has also broken above the descending trend line in yellow on a large time frame suggesting that it will try to find that as support now unless bears fails the attempt which to...
BTCUSD is due for a heavy correction. Please look at the red boxes as potential target zone