Bullish continuation

4 апр.

Desciption chart setup:
- Possible short formed W (RSI trendbreak confirmed 4h)
- Descending triangle formation for a possible wave 4 (Retracement fib target reached 0.382)
- Target box laid out in chart

4 апр.

Заметка

Setup depends on bitcoin's price action, keeping a close eye on the formation of a possible wave 4

4 апр.

Заметка

Bitcoin just pierced the 0.5fib retracement. Official invalidation at $68754.

4 апр.

Заметка

Bitcoin easily broke the 0.618. Possibilities for bullish continuation just increased. Reassessing new wave count.

5 апр.

Заметка

Invalidation for more downward pressure at $64512.

5 апр.

Заметка

Broke trendline. Looking impulsive with volume.

7 апр.

Заметка

Still indecisive whether this is corrective or a finished wave 3. Wave 3 did hit the 1.618fib level. Invalidation level at $6.836.

9 апр.

Заметка

My main scenario a wave X, perhaps a larger triangle.

9 апр.

Заметка

Breaking $6.821 will lead to lower prices.

9 апр.

Заметка

Keeping this BTC scenario in mind whilst eyeing NEAR's price action.

10 апр.

Заметка

Potential subwave B completion

12 апр.

Заметка

A bit of speculation. RSI does not yet support a triangle.

12 апр.

Заметка

That escalated quickly! Wave Y started sooner then I hoped..

13 апр.

Заметка

This was bound to happen at some point, but when it hits it hits HARD. Hope everybody executed their trading plan. This correction can be very quick and deep.

14 апр.

Заметка

Remain short-term bearish unless we break $5.758.

14 апр.

Заметка

Adjusted count to one more leg down.

18 апр.

Заметка

Update. Based on the current corrective structure, I forsee one more low for a finished wave Y/wave 4 (minuette). However, there is a clear invalidation level at $4,026, that makes it unlikely to touch the 1.236 & 1.618fib. Unless ofc this is not a wave 4. For the low to be in a double bottem (or truncated 5th) will confirm bullish momentum.

19 апр.

Заметка

Would be suprised if NEAR would follow Bitcoin's price movement and break out to the upside.

19 апр.

Заметка

Low might be in for Bitcoin.

19 апр.

Заметка

Previous chart was incorrectly labelled. The ending diagonal appears in Wave C of a zigzag. Wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 3 is shorter than wave 2.

20 апр.

Заметка

I retract my comment from the 18th, because I do see a possibility for NEAR to have bottomed.

23 апр.

Заметка

Focused to much on the smaller timeframe. Expected a potential wave 4. However, wave 4 got invalidated (diagonal seems far fetched) as well as varies ABC structures. A 1-2, 1-2 setup might now be possible, but I can't rhyme this with Bitcoin's chart unless BTC lifts off.

24 апр.

Сделка закрыта вручную