BTC (Y20.P3.E24).Short Term. ABC correction.
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Hi All,
As per my previous post on ETH.BTC I did mention that I see BTC dropping and doing a ABC correction as per the chart above.
Hence I see the following taking place as I described it in my ETH.BTC post, and that is:
More details here that wasn't covered:
a> Wave 5 completed and ABC correction taking place.
b> We can have it go as low as 10280, anything below this, then we go bearish.
c> I'm expecting the price to go down to this box section and have a number of levels for support:
10280, 10525 and 11050
d> Using the 21 and 34 EMA daily to potentially be aligned to one of these and if a fib retracement has conflence, most likely as well.
e> ABC as per chart finding support > What would be interesting to know what type of structure will take place.
f> Expect BTC dominance to go up.
g> $10280 is where it can go down too, however I'm leaning towards 10525 area or the 0.5 fib retracement
h> I have not put much thought to the ABC levels, I will take it as it comes, so the diagram or chart doesn't really reflect any thoughts just some demonstration.
Charts details
d chart, fractal on indicators
Macro chart:
Note: 21 and 34 EMA
1 HRLY chart:
Note the red lines, each a key support or pivot point. 10280 is where it can go down too, however I'm leaning towards 10525 area or the 0.5 fib retracement
Please give me a like or tick for this post:
Regards,
S.Sari
PREVIOUS POST on ETH.BTC with BTC commentary.
As per my previous post on ETH.BTC I did mention that I see BTC dropping and doing a ABC correction as per the chart above.
Hence I see the following taking place as I described it in my ETH.BTC post, and that is:
More details here that wasn't covered:
a> Wave 5 completed and ABC correction taking place.
b> We can have it go as low as 10280, anything below this, then we go bearish.
c> I'm expecting the price to go down to this box section and have a number of levels for support:
10280, 10525 and 11050
d> Using the 21 and 34 EMA daily to potentially be aligned to one of these and if a fib retracement has conflence, most likely as well.
e> ABC as per chart finding support > What would be interesting to know what type of structure will take place.
f> Expect BTC dominance to go up.
g> $10280 is where it can go down too, however I'm leaning towards 10525 area or the 0.5 fib retracement
h> I have not put much thought to the ABC levels, I will take it as it comes, so the diagram or chart doesn't really reflect any thoughts just some demonstration.
Charts details
d chart, fractal on indicators
Macro chart:
Note: 21 and 34 EMA
1 HRLY chart:
Note the red lines, each a key support or pivot point. 10280 is where it can go down too, however I'm leaning towards 10525 area or the 0.5 fib retracement
Please give me a like or tick for this post:
Regards,
S.Sari
PREVIOUS POST on ETH.BTC with BTC commentary.
Nota
Difficult to say, but here is my guess
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