It's over
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Here is updated view.
BTC still developing this third wave and its still bullish. After that it will turn south for wave 4 and then Elliot Waves theory suggest 5th but will it be able to leave the big downward channel? As fractal shows, last time it couldnt make it but fractal is not an oracle, rather just usefull roadmap that might happen so I'm bearish at the moment but will change my bias quick if they break the resistance and cancel the fractal.
BTC still developing this third wave and its still bullish. After that it will turn south for wave 4 and then Elliot Waves theory suggest 5th but will it be able to leave the big downward channel? As fractal shows, last time it couldnt make it but fractal is not an oracle, rather just usefull roadmap that might happen so I'm bearish at the moment but will change my bias quick if they break the resistance and cancel the fractal.
Kommentar:
Going as expected so far. Wave III entering its final peak
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we're hitting this fat weekly cloud resistance right now
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My idea didn't worked as planned but price looks topish right now with resistance from the weekly cloud. Looks to me like a diamond top formation and maybe h&s. Wait for break of important support lines for confirmation.
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On smaller timeframe we have likely finished bearish setup ready for a drop with bearish harmonic
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Possible route if we build bear flag here
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Broke up so I have yet another fractal to consider
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Some kind of wedge here. Bull strong in this one. Bear div on daily timeframe will end this rally with a correction but it's not finished/confirmed yet. But clearly seen
Kommentar:
Price action inside wedge as expected so far
Question is how much steem has it left? This support must hold for further move up. I rather expect at least one more try to break through 9k but fractals posibilities roadmap showing there is no certain path
Question is how much steem has it left? This support must hold for further move up. I rather expect at least one more try to break through 9k but fractals posibilities roadmap showing there is no certain path
Kommentar:
Possible bearish harmonic and maybe bigger triangle pattern forming
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This one looks like extended one. ~10k or higher is likely now
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Rising wedge. This should retrace for one more dip before pumping higher
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some sideways now
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Big wedge on daily timeframe. 10k will be interesting to watch
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Important cross with price and fib time zone here + end of the wedge. Bearish divergences on many timeframes. Top might be close but lets see
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As it's going up still it's more likely a channel like that. Elliot wave is on big 5 and small 5. Last waves of this run. Acording to the channel and resistances the target should be around 11400-11800
Kommentar:
Historical resistance, 0.5 fib retracement and two channels I follow all cross around ~12k. Also 5th wave of elliot we doing now indicate possibility of up target for this run
Good Luck!