Recent moves are very dangerous concerning bullish option.
The structure is not impulsive. Open interest does not grow.
Some other things make me think that main scenario now is move below 1000.
The structure is not impulsive. Open interest does not grow.
Some other things make me think that main scenario now is move below 1000.
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Had to reassess the ETH. It does not look like a diagonal any more. If not, I see only impulse now
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Getting ready to go long in BTC
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Wave C ended with failure and it is ending diagonal. Strong setup for long.
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Correction continues
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Despite up trend on Daily, this irregular looks nice. Which implies further down movement
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Red wave C turned ount to be a triple zig-zag. No, I suppose, BTC is heading to 32-33k.
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Initial variant with wave C comprised of zigzags was correct. This is highly bearish chart.
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Gone short
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If the pattern is finished, will be extremely bearish