Please like and follow to show support if this chart provides you with any benefit. Also, you can donate only BTC to the trading account linked to in my profile.
The fib levels and vertical lines bound an EW leading diagonal wave 1. I did not depict the EW count, but it has 5 lesser waves each of an ABC structure. Based on that wave, I’ve used fib to forecast targets for subsequent waves 3, 4, and 5 as well as probable areas of volatility.
Sell targets: Red.
Buy targets: Green. Only if reached following a sell.
Probable areas of volatility: Purple. Areas where you should consider to buy or sell.
Bonus: Pink. Not going to explain :p but if you’re up to it consider keeping a small position targeting $4.17.
The fib levels and vertical lines bound an EW leading diagonal wave 1. I did not depict the EW count, but it has 5 lesser waves each of an ABC structure. Based on that wave, I’ve used fib to forecast targets for subsequent waves 3, 4, and 5 as well as probable areas of volatility.
Sell targets: Red.
Buy targets: Green. Only if reached following a sell.
Probable areas of volatility: Purple. Areas where you should consider to buy or sell.
Bonus: Pink. Not going to explain :p but if you’re up to it consider keeping a small position targeting $4.17.
Комментарий:
Just a thought. Perhaps an accumulation just finished and price will jump back into channel. But perhaps not.
Комментарий:
Here we go. Pink lines align with a Wyckoff distribution phase, yellow lines with an accumulation phase. If so, should pump above and then test $.249.
Комментарий:
Комментарий:
Decent opportunity to buy in at bounce of trend line. Also, a subsequent update is coming with changes to the near-term targets.
Комментарий:
Here are the near term ranges at which to consider selling and then rebuying
Комментарий:
Not a main target of mine, but based on the ascending triangle, here’s a trade to keep an eye on.
Комментарий:
Still looks valid. Also, price could drop to near .2396
Комментарий:
Based on Heiken Ashi
Комментарий:
Thinking something like this may play out. If so, wave 3 will be only slightly longer in price-length than wave 1, and the pull back could be either major or minor. That is, wave 4 can penetrate past wave 1’s price, ~$.235, and nonetheless finish at a higher price like $.25. Or, wave 4 may pull back directly to somewhere between $.25-.27. Also, it significantly affects wave 5. I think we may see a wave 5 that is roughly 1.85x combined lengths of waves 1 and 3.
Комментарий:
Clarification: wave 1’s length is anywhere between .20 and .24. It’s hard to say for certain if the .24 price is the actual peak or part of a correction from a peak at .20.
Комментарий:
Possibly time for a pullback to lower .20s
Комментарий:
Could be one last push
Комментарий:
Perhaps down to .20-.238 range.
Комментарий:
