Desciption chart setup:
- Possible short formed W (RSI trendbreak confirmed 4h)
- Descending triangle formation for a possible wave 4 (Retracement fib target reached 0.382)
- Target box laid out in chart
- Possible short formed W (RSI trendbreak confirmed 4h)
- Descending triangle formation for a possible wave 4 (Retracement fib target reached 0.382)
- Target box laid out in chart
Bình luận:
Setup depends on bitcoin's price action, keeping a close eye on the formation of a possible wave 4
Bình luận:
Bitcoin just pierced the 0.5fib retracement. Official invalidation at $68754.
Bình luận:
Bitcoin easily broke the 0.618. Possibilities for bullish continuation just increased. Reassessing new wave count.
Bình luận:
Invalidation for more downward pressure at $64512.
Bình luận:
Broke trendline. Looking impulsive with volume.
Bình luận:
Still indecisive whether this is corrective or a finished wave 3. Wave 3 did hit the 1.618fib level. Invalidation level at $6.836.
Bình luận:
My main scenario a wave X, perhaps a larger triangle.
Bình luận:
Breaking $6.821 will lead to lower prices.
Bình luận:
Keeping this BTC scenario in mind whilst eyeing NEAR's price action.
Bình luận:
Potential subwave B completion
Bình luận:
A bit of speculation. RSI does not yet support a triangle.
Bình luận:
That escalated quickly! Wave Y started sooner then I hoped..
Bình luận:
This was bound to happen at some point, but when it hits it hits HARD. Hope everybody executed their trading plan. This correction can be very quick and deep.
Bình luận:
Remain short-term bearish unless we break $5.758.
Bình luận:
Adjusted count to one more leg down.
Bình luận:
Update. Based on the current corrective structure, I forsee one more low for a finished wave Y/wave 4 (minuette). However, there is a clear invalidation level at $4,026, that makes it unlikely to touch the 1.236 & 1.618fib. Unless ofc this is not a wave 4. For the low to be in a double bottem (or truncated 5th) will confirm bullish momentum.
Bình luận:
Would be suprised if NEAR would follow Bitcoin's price movement and break out to the upside.
Bình luận:
Low might be in for Bitcoin.
Bình luận:
Previous chart was incorrectly labelled. The ending diagonal appears in Wave C of a zigzag. Wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 3 is shorter than wave 2.
Bình luận:
I retract my comment from the 18th, because I do see a possibility for NEAR to have bottomed.
Bình luận:
Focused to much on the smaller timeframe. Expected a potential wave 4. However, wave 4 got invalidated (diagonal seems far fetched) as well as varies ABC structures. A 1-2, 1-2 setup might now be possible, but I can't rhyme this with Bitcoin's chart unless BTC lifts off.
Giao dịch được đóng thủ công