Hi guys. I'm not posting often but I have work to do.
Anyway, that's my count. 3 or C incoming. To early to discuss targets but reversal imo is imminent at this timeframe.
Sorry for the laser show but It's vital to see the confluence from every fib and also the respect the chart showed both the fib fan and the pitchfork. One more ending diagonal push to go for the fifth of the fifth of the lowest degree, if it hasn't finished which is also a possibility.
IMPORTANT! This setup is my own count.
First this is what I can come up with.
Second there are other counts that can play still valid.
Third No matter if Im wrong or right, TRADING IS A MATTER OF PROBABILITIES. WE GET STOPPED 4-5 TIMES OUT OF 10.
Sometimes you are wrong, sometimes you are right. Winning is discipline taking little losses and winning big when you get it right.
Sometimes low percentage probabilities happen and really often we get the count wrong.
I read a lot of hate to traders publishing so I wanted to say this. Don't rush putting a ticket on someone. We are here to help.
Good luck!
Anyway, that's my count. 3 or C incoming. To early to discuss targets but reversal imo is imminent at this timeframe.
Sorry for the laser show but It's vital to see the confluence from every fib and also the respect the chart showed both the fib fan and the pitchfork. One more ending diagonal push to go for the fifth of the fifth of the lowest degree, if it hasn't finished which is also a possibility.
IMPORTANT! This setup is my own count.
First this is what I can come up with.
Second there are other counts that can play still valid.
Third No matter if Im wrong or right, TRADING IS A MATTER OF PROBABILITIES. WE GET STOPPED 4-5 TIMES OUT OF 10.
Sometimes you are wrong, sometimes you are right. Winning is discipline taking little losses and winning big when you get it right.
Sometimes low percentage probabilities happen and really often we get the count wrong.
I read a lot of hate to traders publishing so I wanted to say this. Don't rush putting a ticket on someone. We are here to help.
Good luck!
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wow, sry I'm still sleeping... That Y is cannot itself be an impulse, it is an abc double zigzag corrective move therefore instead of 1-2-3 of the Y it is an A - > Flat B instead of 4 and the last move now is an ending diag C. It doesn't correct the targets whatsoever anyway...
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Channel still holds price as proposed trying to get to it's target but it has absolutely no steam.... If something crazy doesn't happen shortly bitcoin is very probably dropping hard.
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Target reached and rejected at the 1.272% W to Y ratio.
My setup is now a short trade with 5x lever - stop in bitmex is 5325 - just above the last top with a 3% risk. If it makes another try to hit the -23.60s or even the 78% of the prior big high I will reshort it again.
Remember it is a win/win setup if it is either 3 or C of the bigger picture. Huge risk/reward
My setup is now a short trade with 5x lever - stop in bitmex is 5325 - just above the last top with a 3% risk. If it makes another try to hit the -23.60s or even the 78% of the prior big high I will reshort it again.
Remember it is a win/win setup if it is either 3 or C of the bigger picture. Huge risk/reward
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At a 1h it is 11:1 Risk:reward to hit that yellow box for a C wave of a 4th of the subminuette degree - which is the worse option.
If all in the left is a finished ABC and we are starting the last macro wave down and this is a first wave impulse we are going to get a 3rd wave of this first meaning a -100/1.618 most possible target as low as 4400...
If all in the left is a finished ABC and we are starting the last macro wave down and this is a first wave impulse we are going to get a 3rd wave of this first meaning a -100/1.618 most possible target as low as 4400...
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Well, we most certainly got the target's reaction.
In Elliott terms I think the ending diag has finished.
There is still an upper target as fibonacci algorithm is concerned.
The channel rejected the drop and still holds it.
Basically, we need to break the channel (orange), the fib fan support (blue), and the last 65 (yellow) to confirm the short term has ended - seeing some downward pressure applied.
We will see what we get tomorrow.
Hope I helped whoever saw that today.
In Elliott terms I think the ending diag has finished.
There is still an upper target as fibonacci algorithm is concerned.
The channel rejected the drop and still holds it.
Basically, we need to break the channel (orange), the fib fan support (blue), and the last 65 (yellow) to confirm the short term has ended - seeing some downward pressure applied.
We will see what we get tomorrow.
Hope I helped whoever saw that today.
Bình luận:
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Everything going according to plan
Broke all 3 points and started the reversal with a vol spike
Let's see what we get after the retrace that is going on.
Broke all 3 points and started the reversal with a vol spike
Let's see what we get after the retrace that is going on.