Still in range, 2 corrective legs down. Bigger picture should at least finish 3rd leg in bullish trend at $13k. Fifth leg finishes around 16k.
Risk is now limited. Full moon pisces (strengthening of illusion) dump, tomorrow waning moon in aries (diminished movement (of dump)) -> consolidation, bart up + continuation trend.
Risk is now limited. Full moon pisces (strengthening of illusion) dump, tomorrow waning moon in aries (diminished movement (of dump)) -> consolidation, bart up + continuation trend.
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This idea failed. Count was totally off and contrary to higher timeframes and big picture, by doing the counts on 4h timeframe which got overriden in a single daily bar. Also, the chart layout is fubar, probably because it wrongfully resized from ultrawide screen. Will post a new idea that is complete.
In short, not satisfied with this publication at all.
The new one, like in picture below, looks and feels right.
In short, not satisfied with this publication at all.
The new one, like in picture below, looks and feels right.
Monthly looks ugly, so probably a good idea to bail out if it doesn't break out towards 13k near the end of the month otherwise a stop below last low depending on liquidity or wait to get support tested as resistance, in case we go lower (9.7k or 9.3k), although that should not happen, if it does, it would be bearish and first sign that the trend changed.
As for now, I don't see or feel bearish circumstances. Also, many alts look unfinished (eth for example should go to at least $570). When everything pumped, tron and some others pumped, which didn't happen before.
Anywho, this coming weekly close should preferably be above the daily range low $10.9k, which I think it will, to consolidate more so alts can run.