Blue or Pink?
I have in blue a bearish count where we are one MiniSubwave 2 of SubWave C (of Wave 2). In pink is the bullish count where we have finished SubWave C and are on Minisubwave 3 of Wave 3.
Looking at the 4 HR RSI, OBV and MACD supports the pink wave I think. The OBV has turned to positive trend since $7800, and if we are on wave 3, that means that wave 2 retraced to sub-wave 4 of Wave 1 - which is typical behavior. It's a shallow retracement which implies a bullish sentiment which we have seen this past week.
If the price exceeds $8165, then the bearish count is invalidated. If the price goes below $7800 then the bullish count is invalidated. The validation channel is drawn in purple.
I have in blue a bearish count where we are one MiniSubwave 2 of SubWave C (of Wave 2). In pink is the bullish count where we have finished SubWave C and are on Minisubwave 3 of Wave 3.
Looking at the 4 HR RSI, OBV and MACD supports the pink wave I think. The OBV has turned to positive trend since $7800, and if we are on wave 3, that means that wave 2 retraced to sub-wave 4 of Wave 1 - which is typical behavior. It's a shallow retracement which implies a bullish sentiment which we have seen this past week.
If the price exceeds $8165, then the bearish count is invalidated. If the price goes below $7800 then the bullish count is invalidated. The validation channel is drawn in purple.
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.