This is a chart showing the ranges of multiple alts. Most are near the bottom trading range (BTR) and or have had a spring. This is an amazing R/R opportunity provided we see a minor sign of strength (SoS) off the low. Ideally, we want a steady grind above the top trading range (TTR) with a health consolidation of support. Flipping the top trading range line as...
(BTC - 4-Hour TF)
Many great levels have been achieved with Bitcoin over the past weeks. The most anticipated being that major top/down 0.886 at $60.6K. Now as we look towards the local top/down 1.886 at $64.9K, we must keep great caution as this is the double top resistance area.
Optimistically, we have taken the local top/down 1.272 and 1.618 at $61.3K which...
This assets is primed and ready from some exciting momentum building as we approach the major top/down 0.382 at $0.03. Once there, I'm looking for and signs of resistance and or consolidation before continuing into the greater areas of interest (green boxes). The EW count is based on fibs to account for the potential extensions that have been observed during...
Like most other ALTs, ENJ is ready to provide very handsomely. In what appears to be a local 1 & 2 sub wave, I’m looking for a nice push to the first area of interest to the local top/down 1.618 and 1.886 at $1.90 to $2.06. We are still in the major top/down chop zone (orange fib) so there could be plenty of volatility after we reach the area of interest.
For...
This BTC Wyckoff trading range observes the potential SoS/UT to $43K. BTC could also see a minor dip to the bottom/top 0.618 retrace at $34.3K before continuing with strong momentum. Keeping caution is the way until we get our SoS above the trading range and a success Back Up (BU) to confirm support.
Let's go!
