Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
If my counts are correct, this is the most likely scenario before we go up. 33-38k should be our bottom.
If my counts are correct, this is the most likely scenario before we go up. 33-38k should be our bottom.
Trade active
Either we're on the green/purple wave or the peach oneTrade active
So far so good. It looks like we have another leg down to fill the lower gap before going back up to fill the upper gap. lower gap fill at 34-38k and upper gap at 61k. Trade active
So far so good. It looks like we might be moving on back up or one more leg down. 28k might be the bottom if one more down. The gap at 33k has been filled. We still have the gap at 61k left to go back up to. Note
We've broken out of this cup and handle bull flag recently. We might be moving sideways for a bit while altcoins have its turn. It should be a slow move up towards 63-69k for the purple wave (3) top on the minor cycle below.The 3 white circle are the tops, we might get a triple top before we breakout of this area.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.