Could the 5th wave close above 9500...
Hi!
This is a fast update of a possible scenario and might be worth following!
My EW of 5 seems to make sens and looking at stoch rsi, macd and the rsi, it may still reach one more hump to complete the 5th wave. I might be way of target, but keep an eye on this one if it still plays out.
Point 1: the wave 1 and 3 are very similar and the 5th could be the longest of the three.
Point 2: RSI wave count/length is way shorter on the 5th wave compare to first and third wave, even tho time might fluctuate with EW scales. I still think it is a little too short cycle to have completed the 5th wave.
DYOR!
All the best, B!
This is a fast update of a possible scenario and might be worth following!
My EW of 5 seems to make sens and looking at stoch rsi, macd and the rsi, it may still reach one more hump to complete the 5th wave. I might be way of target, but keep an eye on this one if it still plays out.
Point 1: the wave 1 and 3 are very similar and the 5th could be the longest of the three.
Point 2: RSI wave count/length is way shorter on the 5th wave compare to first and third wave, even tho time might fluctuate with EW scales. I still think it is a little too short cycle to have completed the 5th wave.
DYOR!
All the best, B!
Nota
BTC is right now above the channel formed by the first and third wave highs. I would consider this idea to be valid until 8000-8050ish breaks to the down side, in that case the 5th wave is done and we are correcting down. Inside this supposed 5th wave up I think BTC is forming the 4th down right now.
Nota
And now the battle is on, big buy walls are eaten up by panicing sells, lets see if this bounces as a beartrap or if this really is the turning point to correction. :)Nota
Could this be the turn, RSI got a bounce of, MACD bullish cross. Tiny ascending triangle could break up. Bigger picture, this might be making a bull flag to consolidate for a couple of days here.For now, it hasn't fallen under 8050, so idea is still valid.
Nota
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Declinazione di responsabilità
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.