play on TL / SR
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Experimental work
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less experimental work :The double bottom hasn't been confirmed yet on here, so be cautious if BTC flips arround this idea would be canceled.
Otherwise I can see a move down to the retrace target
before heading north to the TP above
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Price has reached my target.
We have a clear 5 wave count here, with an extended third. This is good sign of strength instead of the fomo of an extended fifth.
We are now at fib 0.6, this is an "acceptable" correction
But following on what i mentioned in previous post, unlike BTC we haven't confirmed the double bottom yet, so there is more room to the downside here.
If we don't go above 1.01, we could head toward fib 0.5 and 0.6, those levels would be more profitable entry than what you can get on BTC.
But that's assuming that you are overall bullish !
Usually i've noticed wave 3, to be more profitable for alts than for BTC/ETH
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That gold line was good enough..
Next target in the chart above.
To be upfront, my main iota targets are 1.24 and 1.43 (for now), the targets i mention here are only minor retrace/take profit.
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We could be setting up for an inverted HnS here, down 0.97, that's if BTC starts closing down below 6300
otherwise, money flow has turned positive, OBV also
those are good hint that we are to break through the resistance from the peak of the double bottom, more-so than the HnS scenario.
I'm also starting to see motive waves. And sub-count confirm that trend so far.
Be aware, would go down fib 0.2 before testing that top resistance tho.
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nice clean break, retesting it as support now. could go as low as 1.05
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Perhaps this... a little bit out of wack but still "okay" on other time frames.
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i'm sorry, i was totally WRONG on that last post.Got caught on smaller timeframe and missed the bigger picture
I wasn't subwave iii, but 3 that got completed
In red on the left fin extension from wave 1 at 1.6
in blue in the middle fib extension of wave i of 3, perfect match at 1.6 and 2.6
To the side, my own personal target in orange, and since it's wave 3, anything from 0.6 down to 0.3 are acceptable retrace.
If we go past the first dotted line, then my target and probably fib 0.5 will be touch
We shouldn't overlap the top wave 1 ,-and that's the second horizontal dotted line- so that exclude fib 0.2.
Once again, sorry and good luck !
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*i meant "my target and probably fib 0.3 will be touch"ملاحظة
now that it broke, i've seen a tiny bullish divergence on m5 (RSI), so we might glide up the orange trend line before breaking it toward targetملاحظة
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nice !we've reached one of my take profit @1.14. We have decent support and it might not make sens to keep a tiny portion of fiat on the sideline,fomo hasn't kicked in yet, and some descent selling is still happening.
But this is an intermediate reversal zone (between here and 1,30) where some of my bearish alternative EW count could be validated. We are in the fib 0.2-0.3 of the entire down move from 2.5 and those level have been reversal point for corrective pattern during the downtrend.
So i'm being extra careful here but i'm willing to miss out a bit, just to be safe.
Otherwise, with more positivity, next more likely target in orange, others in black.
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HnS and pin bar on M5-M15This seems likely
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