BITO's Elliot Waves on 1D

29 Kas 2024

Two resistance nodes were found on $28.44 and $33.67 on the daily TF.
Based on the MCB indicator, there is no sign of bearish divergence on both lower and higher TF.

Daily RSI is at the overbought area, and two nodes on the VWAP show two possible prices at (0.618/0.768).
Hoping for a healthy pull-back to $21.5 to pick up more shares.

No plan to shrink my holding until the $40+ area.
I think it will take us at least 6 months to reach the $40 area, and on MCB, I will expect to see both MF/VWAP trending out with a ton of bearish divergences.

29 Kas 2024

İşlem aktif

Cash-Secured PUT contract at $21.5

28 Ara 2024

Emir iptal

Cash-Secured PUT contract expired worthless at $21.5 on 12/23.

28 Ara 2024

Not

The projection that was previously mentioned of a healthy pull-back to $21.5. My expectation is to see the order-block between $21.5 to be filled and continue its momentum toward $28.44 and $33.67 nodes.

Expectation: MCB's shown weekly high, there are hidden bearish divergence on daily, and waiting for the healthy pull-back to be completed before heading higher.

25 Oca

Not

Market structure retain bullish since $16. Fib has slightly adjust and we have a confirmed range formation between $28 and $21.73

Marketcipher B has confirmed a green dot on the weekly, and I'd love to see $28 re-test and stay above before heading to $35.48 target.