BTC got nuked (-20%) as it locally topped at 53K. The situation looks similar to previous corrections we had this year. Thus, another leg to the downside is possible based on my Elliott count as the ABC bounce looks now completed. Here are the price areas we could approach and am looking to bid.
After a long corrective accumulation period, Amazon is moving to the upside with an impulsive ElliottWave 3 playing out at the moment, first big target is $4000 and afterwards $5000.
$PLTR is experiencing at the moment a sharp drop after topping at $27.50. The drop looks like a corrective EliottWave 2 (sharp and short). When this Wave 2 finishes off, we should see an impulsive ElliottWave 3 to the upside, I consider an attractive entry in the $21-22 zone.
BTC, currently dangling around in the middle support line of the pitchfork, has to show some strength or the lower area (18-28K) gets in scope for coming months
Bitcoin is at the moment testing its long term RSI resistance that holds since its first peak on January. On the one hand, on the downside, we can observe clear bullish divergence, on the other and in order to become more optimistic, RSI needs a break out of its long term bearish continuation pattern.
Price has closed since Friday into the daily cloud with a bullish TK Cross. Thus, there is a high probability trade for an edge to edge move to the other side of the cloud, Price Target $31
Based on my waves count $ABNB has bottomed out. I expect a blowout earnings report tomorrow that will create a huge bounce. Great opportunity here imo.
