good evening ~
after further assessing the wave structure and observing the weekend move - i've gotta lean slightly bullish just based on what i am currently seeing here.
while my short term bear case is still possible, the probability of it is a lot lower than what i am currently presenting here tonight.
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this case would be the beginning stages of wave D of my "Wicked Triangle" case which i shared a few days ago via:
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long term count (from the triangles perspective)
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and it would look a little something like this on the smaller frames:
could also come up in 5 waves; both would be perfectly valid.
time will tell what this move turns into, for now we just gotta take it a day at a time.
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if we are indeed playing out the wicked triangle, then things will get very complex as we continue moving along. consider this a rough draft of a work in progress.
it's also possible that this a-b-c turns into a wave B\2 setting us up for an impulsive move to the downside instead.
via something like this:
or a 3 wave move via:
we take it a day at a time, and see how things look like as the move progresses.
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ps. i'd like to be very clear - while i might be short term bearish at times, i'm very bullish on crypto in the long term.
ps2. i am still hanging out in cash until things look a bit more clear.
ps3. i shared a ton of data on here just so you guys can see what goes through my mind each time i take a look at a chart. the markets are never linear - remember this. there could be 10, 20 cases at times at play, and it is up to me to eliminate the ones which get invalidated, and present the ones with the highest probability over time. i can't always be right, i'm just a human, so do bear with me while i do my best lol.
after further assessing the wave structure and observing the weekend move - i've gotta lean slightly bullish just based on what i am currently seeing here.
while my short term bear case is still possible, the probability of it is a lot lower than what i am currently presenting here tonight.
----
this case would be the beginning stages of wave D of my "Wicked Triangle" case which i shared a few days ago via:
----
long term count (from the triangles perspective)
----
and it would look a little something like this on the smaller frames:
----
if we are indeed playing out the wicked triangle, then things will get very complex as we continue moving along. consider this a rough draft of a work in progress.
it's also possible that this a-b-c turns into a wave B\2 setting us up for an impulsive move to the downside instead.
via something like this:
----
ps. i'd like to be very clear - while i might be short term bearish at times, i'm very bullish on crypto in the long term.
ps2. i am still hanging out in cash until things look a bit more clear.
ps3. i shared a ton of data on here just so you guys can see what goes through my mind each time i take a look at a chart. the markets are never linear - remember this. there could be 10, 20 cases at times at play, and it is up to me to eliminate the ones which get invalidated, and present the ones with the highest probability over time. i can't always be right, i'm just a human, so do bear with me while i do my best lol.
تعليق:
watch the local golden zone
تعليق:
watch the local golden zone~ that is the preferred entry