YetAnotherTA

BTCUSD hit it's all time high above 126000 yesterday and yet, when you look at the structure of #BTCUSD, it doesn't inspire confidence. It looks like a huge rising wedge with bearish implications. And if this structure is going to play out then bitcoin is likely near it's top.

BTCUSD weekly is showing breakout from a base around 119500. Volumes are increasing but not good enough yet so a retest maybe. Or could this be a fake-out? Only time will tell ...

NVDA is just unstoppable. It broke out again from this base which can also qualify as a cup and handle (C&H) continuation. Going by the size of pattern, it could very well he hitting 200 soon, though exact size comes at around 205.

NVDA and AMD are both showing 5 wave rise in weekly chart after a correction in WXY. I haven't checked but other AI related stocks also might be doing something similar. Once the 5 waves are over, we can expect some correction but the 5-wave rise post a correction typically signals fresh uptrend so it might be worth keeping an eye on these stocks. Waiting till retracement/correction of this rise is complete.

Some degree of 5 waves completed yesterday and reversal signs are there. Now, this 5 waves up could be just 1st leg of larger 5th or the 5th itself since this leg was 2.6 times of leg 1. Either way, we are heading towards 90K and if this was larger 5th that got complete then it's time for "serious worry", specially if you are a HODLer.

Being cautiously optimistic - I can see a potential leading diagonal formation followed by 3-3 legs which could be legs w-x of w-x-y or w-x-y-x-z.Only time will tell if this is what I think it is o it evolves into another corrective rise followed by further downside.

BTCUSD has broken down from a bearish wedge in hourly. I expect it to do at least 38.2% retracement around 84k, though it could likely go lower around 50% as well which is around 82,600. Closing below 80k might open doors to resumption of downside trend.

SOLUSD managed to defend the super important 120-125 support zone. As long as it stays above it, we can hope it would climb higher. On the contrary, if Solana breaks down below this then it can go much much lower.Keep an eye.

Let's face it. None of us want BTCUSD to go down. Isn't it?So whenever I see a potential/local bottom, I start looking for a bullish possibility. Few days back, #BTC dipped below 77K so I started counting waves from that point to see if there could be anything good happening here.On the 4H chart here, I can see a 5 wave move up (wave (i)) which could be described as a leading diagonal followed by a a-b-c down in wave (ii). The next move up (supposedly wave (iii)) seem to be looking fine so far. I can easily count 5 wave impulse in it by drilling it down to 1H chart. Note that, this would be just i of (iii). SO far so good.Disclaimer: Note that this is something we all elliott wave chartists do when we see a bottom to assess if a new trend could be starting. This is just one (bullish) alternative that I am exploring. There are bearish alternatives as well.

SOLUSD has been a nightmare and has fell significantly in past few days, much more than #BTC and #ETH relatively.But I can see a potential leading diagonal (3-3-3-3-3) rise. It the retracement of it holds above/around 61.8% which also happens to be the wave 4 low (165.945) then the next leg up should start which would give more insight into whether this is really an impulse up in progress or just another corrective leg.