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IF the LOW is set, I look at this:

업데이트됨

The all description is in the chart. This is not a financial advice, so DYOR... and you are the one who presses BUY or SELL ,take responsibility for what you do. Good luck.

액티브 트레이드

All this 3 scenarios looks valid for the moment. 1. ( New 4 y cycle ) Looks like it is in (potential wave 3 (2.618 fib ext. ) or almost top of wave 5 = become bigger wave 1 and i expect 0.618 retrace), but it's very possible that "bigger wave 1" + retarce of wave 2 ( 19500$ area ) was happend.

2. The scenario for an big ABC still in game, will be invalidated if (from wave A to B the move will be : wave C = 1.618 of wave A... BUT if C will be = with wave A, this scenario will be valid)

노트

In the FISRT wave it's very possible to be in area of the top 1 or wave 3 in progres

액티브 트레이드

I will focus on 2 scenarios now: 1. 4 y new cycle and 2. potential ABC

In terms of EW i see this 3 potential count's:

If you don't understand this count's, don't waste your time to coment ( I apreciate this)
This is just my opinion so DYOR.

노트

Another possible count from LOW to the moment: is leading diagonal + "doubious speculation" about time in the last wave 1 cycle :)

look closer for this count:

In theory last wave 5 need to be smaller than wave 3, so can be at any level below 1 to 1 extension of wave 3

JUST do your own resarch... i'm just a guy, watching Yt streams :))

노트

Ok pick one scenario :) than pick one level for that retrace :)

노트

For the moment 0.236 fib retrace and 21 EMA - HOLD as support

노트

"Potential ABC" scenario invalidated
Now "UP ONLY" with some retrace?

노트

All the description in the chart and don't forget: DYOR

노트

I clean the chart a little bit :)

All the description in the chart and don't forget: DYOR

노트

For the moment :) Good luck

노트

Just saying ... Sure, DYOR :)

노트

A little update: the BIG picture - for the moment both screnarios still valid.
1. 4 y new cycle: looks like we are in W 3( blue) in progress, fib extension give a target in 70k-ish area ( this is what EW theory say, if will happend or not, I DON"T KNOW)
2. 0.618 retrace for wave B : like you all see, we are above that retrace zone, BUT, if you are familiar with EW theory ,you know 0.786 fib, it's the next area to watch. + the move from LOW to this moment for that potential ABC , have target in the same area with 0.786 FIB retrace... SO IT"S NOT AN EASY PLAY NOW
Good luck to all and DYOR... DYOR ... DYOR

노트

Look closer :

노트

Decizion time :) 1,2->3 in progress ->(4,5) or ABC need more time to find wich way will be ... GOOD LUCK to all

노트

Today the chart say this: ABC scenario is invalidated

SURE DYOR... it's 100% your responsabilitie if you buy/sell,long/short... GOOD LUCK

노트

Hi... So in term's of EW i see this (for the moment) :

SURE DYOR... it's 100% your responsabilitie if you buy/sell,long/short... GOOD LUCK

노트

Q: Will BTC meet 1.618 fib extension to complete W 3 target?
or
Will close this week as "bearish SFP"?

SURE DYOR... it's 100% your responsabilitie if you buy/sell,long/short... GOOD LUCK

노트

A little bit "off the topic" , but a real question: were we are in terms of "price action, candle stick fractal" ?

노트

Hi, again :)
IF the wave 3 it's DONE , i look at this 2 scenarios for wave 4:
- triangle or - channel

노트

Triangle scenario (for W 4) is invalidated ... last "hope" -> channel will HOLD? with a little "fakeout"
RSI don't look so good !!!

노트

Intresting look at RSI (only RSI, no price)
This looks like 74k area was top of W1 and now we are close to see an end of W2.
SURE this is just a "dubios speculation" :)

노트

Update on RSI : ABC looks done ( I don't move C, I just turn on the LINE )
and for the record :) my second entry was 53200$ (bybit) and the price revers at 53216$ :) ( not so funny acctualy, i have that entry since 14 jun. so all the news was in the chart( at that time nobody know, germany, has BTC ,just saying)