>multi zigzag as wave 3 of expanding diagonal to the downside >rally up 9% to scam pump >this projection would also form an inverse head and shoulders for a potential bulltrap after the scam rally. >lead into new moon >tank
top of the corrective channel fits nicely with the w5 algo level on the current wave C move to the upside. Currently working on a wave 4 before moving up once more to finish this correction.
The move down on BTC fits nicely in this wave channel drawn from the peaks of w1 and w3. I made this my case as it displays a very apparent alternation between a flat w2 and a sharp w4 correction. The w5 target is also in confluence of the hourly OB located on the 1st pullback of the initial bottom in June 18ish
The current trend of BTC is very weird. What was once a possible wave 2 pullback is now invalidated and where is we going now? The structure of Wave C to me looks weird to be a regular impulse and could be a potential diagonal. If this is the case, the final target of w5 of diagonal matches nicely with the 50% retracement of the last major impulse to the...
Had two potential counts on EGLD depending on which leg to start on, this could be either w2 or w4 and current PA may have a bounce before further downside
Currently looking for a potential wave 4 on btc. Price looks to be playing an accumulation. Once confirmed, looking for 20500 at the 38.2% fib level + liquidity grab
LTC looks to have formed a nice ABC correction with previous PA forming 3 waves. Currently looks to be in the middle of an impulse move and looking for a nice scalp
Pulling a channel from end of wave 1 to the end of wave 3 seems to fit very well. Rejection off the median + multiple rejections during wave 3 adds confluence to the validity of the channel. Only thing I'm concerned about is how wave 2 and 4 may both be WXY and alternation is not present. however, wave 4 is definitely more complex than wave 2 possible expanded...
BTC looks to have formed an expanded flat. This move down does not look impulsive at all and on the last subwave of wave b its a clear 3 wave move to the downside. Looking for 24K to touch the 38.2% retracement
DXY looks to have made a complete impulse cycle on the HTF. Wave 5 also had a bearish divergence as extra confluence to confirm this count. Looking for mid term correction to occur on DXY.
Wave B might be in the occurrence with the current subwave being its impulse down. people are extremely bearish and I think more fear has set in with the recent leg down. a 60% pump on sol would be the least expected in this current market.
Bottom looks to be near the bottom. This will be the last bull run before a major correctional cycle Will be buying in the orange fib zone
I think I got this correction set out. Looks like an accumulation for a bull trap and a move down.
GMT made a massive impulse to the downside. This could be the start of another major impulse down OR a ZigZag. in the bullish case where GMT actually ends it correction here with this latest impulse being the end of a correction, I dont see it making ATHs again.
SOL looking for the last 5th wave down to complete wave C May form into a diagonal since price came after such volatility.
BAL seems to be in demand. looking for bids to fill at the sweep low and having an intraday sell later on today.
Many buys came in the 39-40K zone. I'm currently seeing bullish momentum that will probably push price higher short-mid term. Price ranging in a possible wedge that may break down from high 40Ks as it reaches the resistance. This will also mark the end of wave e of this triangle correction. From there, we will be sent down to 29K to finish this correction.
KNC tried to push above the key high and selling pressure dominated price down. Opened a short on the sweep just below the daily close below of the key high and swinging short to fill in those imbalances.