This is an idea I have had for quite some time but have yet to really post until the first target became close. From a HTF perspective, I had a wave count on the bitstamp chart that indicated $69k could have been a HTF wave 5. Indicating a long corrective ABC type pattern would come next. This is certainly not trading advice, but what I am looking at for the next several months.
This $20500-$21k area could be the end of an A leg of a hypothetical (5-3-5). So we could look to take a long from there to appx .5 to .618 of wave A for a B target. Somewhere around $41-$52k. Then possibly making a move down for the C leg. Ideally would be around $19k.
Lots of confluences given in the screenshot for the area. Wont list them all here.
Yes, that is a Hank Hill watermark.
This $20500-$21k area could be the end of an A leg of a hypothetical (5-3-5). So we could look to take a long from there to appx .5 to .618 of wave A for a B target. Somewhere around $41-$52k. Then possibly making a move down for the C leg. Ideally would be around $19k.
Lots of confluences given in the screenshot for the area. Wont list them all here.
Yes, that is a Hank Hill watermark.
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.