Chart description
- Skewed H&S pattern. Looks confirmed;
- Price broke previous local high;
- Additional confirmation 50/100 sma cross;
- Expecting this to be a C-wave (3rd wave);
- Intermediate price targets laid out in chart
Nota
Price is still moving within the base channel. Seems like we're on the verge of a 3rd wave extension. Red wave count is not supported by RSI and the final price structure (box) suggests a build-up. Time will tell.Nota
Some long-term perspective on STX. Other views/insights are much appreciated.Nota
MACD Hook (1h) confirmed more bullish actionNota
Honnestly believe this might be it! If BTC breaks 65k then w4 is finished.Nota
Have this primary BTC scenario in mind.Nota
As anticipated, BTC's price moved further down and showed a nice reaction on the 1.23fib lvl. As for STX, the previous move might be another 1-2 setup, which would indicate a different ew count. For that, I keep in mind a finished WXY (triangle Y). Nota
Keeping it simple. If BTC can break $64.5k then wave C is finished (w4) and we're looking at a potential w5 in the making. **My chart displays a 1-2,1-2 setup, but probabilities are low. For that, we need see some volume. MACD(4h) could go first a bit lower to finished w5(2) before a ZLR to support w5(3). Either way, I want BTC to take out 65k.Nota
Update BTC:Nota
BTC's attempt to break 65k!!Nota
Boom! HHNota
As long as we don't go below $1.84, I expect STX to still make a big move up.Nota
BTC update.Nota
**Retract my BTC ew chart from 24th of Sept. A 'zigzag' pattern for a wave-Y is not allowed because wave B is longer than wave C. Nevertheless, I'm holding on to a bullish narative untill the chart tells me otherwise.
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.