Bullish continuation: this looks bullish AF

23 Apr

Description:
- 1-2, 1-2 setup, 2nd wave (leading diagonal).

After some research concluded that there are only 2 bullish scenario's, namely 1) straight into 3rd wave or 2) in B wave (ABC). For obvious reasons, a prolonged correction would be ideal. A deeper pullback for a wave C would bring the 1.618fib much higher.

23 Apr

Catatan

Waiting for confirmation to decipher this particular structure.

23 Apr

Catatan

For the record, have ignored the wick, because this was not present at other exchanges.

23 Apr

Catatan

This is/was the only bearish scenario i.m.o. left. However, price action broke the 0.9fib level. If price breaks previous high. This scenario is definitly exit.

24 Apr

Catatan

Perfect, straight into wave 3. Got enough room to grow.

24 Apr

Catatan

Let's see if will get a reaction on the SMA8.

24 Apr

Catatan

Got some price reaction on the 0.5fib and sma 8 (4h). Not sure, if the low is in, because I'm not identifying a zigzag, but just 5 motive waves down.

24 Apr

Catatan

Potential alternative ew count, expanding diagonal.

25 Apr

Catatan

Price broke 0.618fib. Looking for lower prices. Potential leading diagonal (1/A). If you got caught in this move wait for wave 2/B.

25 Apr

Catatan

Not happy with my labeling, but as long as I don't see it cross the red line HBAR could see higher prices. Next move up will tell us more.

25 Apr

Catatan

27 Apr

Catatan

Update on Bitcoin_v0.2. ABC turned into a 1-2-3-4-5.

29 Apr

Catatan

Take notion of 3 possible Bitcoin scenario's:
1) double zigzag for a potential wave 2 (bearish/bullish)
2) double zigzag for a potential wave Y (1.618fib at $57087) (bearish)
3) leading diagonal for a wave 1 (bearish)

29 Apr

Catatan

Update Bitcoin_v0.3. Finished wave 1? (RSI bullish divergence w5, 4h)

2 Mei

Catatan

With bitcoin taking a (short-term) bearish turn, I'm favouring a WXY pattern over a finished ABC. Double zigzag for wave W and forming a possible 3-wave X-connector. After X confirmation, we can look for lower prices. Waiting game for the complex Y structure. Currently MACD(d) at baseline and entering bearish momentum. RSI(d) isn't giving me any solid information. Take it one at a time.

2 Mei

Catatan

Reassessed the Bitcoin chart and this it is currently my best guess in terms of getting ew count right. Don't know if anybody else has this count, but feel free to comment.
X wave is done and we're in wave Y.

5 Mei

Catatan

Opportunity for bullish continuation. Another ZLR accompanied with ema contraction.

6 Mei

Catatan

Minor adjustments. Ew count still looks solid. Might see a bit more consolidation within the minute base channel. This rocket, however, is fueling up for some big moves ahead.

17 Mei

Catatan

MACD(d) displays a possible hidden bearish divergence.

20 Mei

Catatan

Update Bitcoin v0.5. 1-2, 1-2 setup.

31 Mei

Catatan

Haven't updated this idea for a while, but 2 May idea remains intact. Expect a slow grind to 0.07c, which i.m.o. presents a great long opportunity.

31 Mei

Catatan

Update Bitcoin v0.6.

31 Mei

Catatan

**correction 'label: this structure is not impulsive' in bitcoin chart can be identified as a leading diagonal, see invalidation lvl in chart.

1 Jun

Catatan

Update Bitcoin v0.6.1.

18 Jun

Catatan

Nice! HBAR hit the 0.618fib lvl retracement at 0.072x.

22 Agu

Catatan

Penny for your thoughts