Based on my Elliott Wave count (be I could do at least), AXS is entering wave A of the Corrective phase. My Fibonacci Extension is purely for visual aid, if my thesis is correct, once wave A is complete, it'll be easier to chart wave C, by simply plotting a 1:1 Fibonacci Extension (wave A equal to wave C).
I'm planning to carefully start laddering a Short position, keeping a close eye on BTC, since AXS has been extremely reactive to any BTC price action this week.
Looking at the Level 2 imbalance between Bid and Ask volume for AXS (FTX exchange) of about 40%, seems like the market is eager to sell. On a longer timeframe of 4 hours, MACD is beginning to fizzle out.
Ideally I hope for wave A to land somewhere in the 0.786 (~$61) region.
I'm planning to carefully start laddering a Short position, keeping a close eye on BTC, since AXS has been extremely reactive to any BTC price action this week.
Looking at the Level 2 imbalance between Bid and Ask volume for AXS (FTX exchange) of about 40%, seems like the market is eager to sell. On a longer timeframe of 4 hours, MACD is beginning to fizzle out.
Ideally I hope for wave A to land somewhere in the 0.786 (~$61) region.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.