I think we are in wave 3 of an extended wave 5 of 5.
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blue shows where I believe we are within wave 3 (zoomed in)Nota
Price at resistance but showing no signs of slowing down. RSI broke the trendline, Stoch RSI looking good, MACD crossed. All systems go.Nota
Great newstwitter.com/lopp/status/925870585611091968
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Looks like wave 3 is complete:Nota
Targets for wave 4 are the purple line ($6850 or so) and if that doesn't hold then the blue fib ($6350 or so)Nota
If the price makes new ATH's then i'm wrong and wave 3 is still in progress.Nota
$6900 bottom close enough...I think that's it for wave 4, time for wave 5: Nota
Wow looking great moon moon moon. Seems to confirm $69xx was the bottom. Slight adjustment here, wave 3 is still in progress I think:Nota
Looks to me like wave 4 is in progress:Nota
bouncing now but don't think we're out of the woods yet, seems we are going up to make former support resistance then we head down to finish the correction to $6k-$6300 or so. Then new ATH's.Nota
I think that's it for wave 4 guys:Nota
Eh, bad call, sorry guys. It happens, but as far as the count goes, still totally valid as long as we dont go below $5k.Nota
Looks like a good risk reward here, possible 4 is now complete. Careful though, if it goes below $5500 going straight to $5k. Nota
Looks like we're going to test $5k...Nota
Eh maybe I spoke to soon, we'll see. Honestly could go either way. Probably which ever breaks first $5600 or $5900-$6k.Nota
Could not break through $6k...Nota
So well see, could go either way.Nota
Looking good, as long as we stay above $6k than I think wave 4 is complete:Nota
Looking great, and now we have a beautiful bull pennant forming:Nota
Short term target reached more or less:Nota
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Keeping an eye on the 1.38 extension...if we can successfully clear this level, the uptrend resumes...if not still can expect a decent pull back before we go to $10k+Nota
Just updated the fibs to take into account the new high, again unless we break the 1.38 ext (around $8500) still expecting this pull back for wave 2 of 5 of 5:Nota
Sorry guys, forgot to update this one, price broke above $8500 and pulled back a bit and went higher, seems clear we are going up and the uptrend continues. Could get still get that pull back from higher prices, well see.Nota
Could still go higher tough to say but regardless I think this is just the first wave, so could get something like this soon:Nota
Stoch RSI overbought on every time frame from 30m up to the 1 week...could get something like this soon:Nota
Went a bit higher, but starting to slow down a bit, might finally get that nice drop here. So, been thinking about it (and I don't want to scare anyone lol) but it is *possible that this was the entire 5th wave and the cycle is complete. NOW, I don't think that's the case, I think more likely this is just a 1 and 2 of another big impulse up. But its important to consider all possibilities. So if i'm right, and we head down, this is either the start of an "A" wave of a big A-B-C correction, or its just wave 2 of a huge move up. Again I still think the latter is more likely. We have no way of knowing, so let's see how the market reacts to the next dip (assuming it actually comes): Nota
Here's a visualization of what I mean on the daily chart, looking for a nice pullback, and then either the green arrow scenario or the red arrow scenario. Let's hope it's green : ) Nota
*Sorry 1 should be: 1/5, and 2 should be 2/A!! Hope that makes sense.Nota
Like this * Nota
Looks like she's got more steam left in the tank...still think we'll get a nice pull back soon...then I will basically look to see how we react to that dip...Nota
Time to ruin the fun?Nota
Guess not, so wrong haha. If it can maintain $10k who knows how high it can go.Nota
HMM okay, finally reached the target of this chart. This is strong resistance, if we're goign to get a pull back it should come in this range. If not, you can just throw the charts out the window : ) Anyway, few premature pull back calls aside, ended up being a nice chart. Will probably publish a new one instead of updating this one going forward. Gluck all.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.