jongjingyantoy

Some alterations from my prev chart, take note the blue letters which is a possibility since we lack momentum to break diagonal resistance. I don't mind if i'm wrong as long as I trade it right.

BTC 052823 Looks like we start going higher from here? Might as well expect some impulsive move sooner?

Let's see if this is the case for BTC. Expecting short term bounce to complete wave 1, then next is short term correction for wave 2. Not financial advice.

This would be my smaller wave 1 from this bottom bounce. Double bottom is also acceptable. Not financial advice.

My short term price target for minor wave 4 (red) or this could already be wave 1 unfolding? Fear and greed index at extreme fear right now and people are expecting lower prices, this could mean bottom is in already or we are very much closer to the bottom. Must hold the line at $21900 for us to bounce. NFA.

If minor wave 4 is a triangle and wave 4 correction has ended or going to end. FYI This is NFA and not always the case.

FIB 0.382 has been reached which is our main target for wave 4 correction and RSI is now back to oversold territory.

Another wave count in red which is also a possibility of a leading diagonal wave 1, which means wave 4 correction has ended. NFA

I haven’t closed my 30K level short position and moved my stop to 29.9K which I believe to be the end of wave E (wave E is also a lesser degree triangle). I noticed a downward motive wave in lower time frames which I think to be wave 1 of wave 5? FYI, there is no certainty that this will be the case in the future and this is certainly NFA.

Took a small short position earlier at 30K (limit order was hit). My thesis is that it’s forming a barrier triangle which is commonly found in wave 4 type of correction. My stop loss is above wave C (refer to this chart) which is at 30.8K and my initial target is the barrier line that connects B and D which is at 28.6K (1:2 rr). Some of my other targets are also shown. There is no guarantee that this will be the case result. NFA