If we can't hold this channel this could mean we're in a new impulse wave down.
Alt could be this move is an ABC before new waves, and we're starting C leg down but that would make C a bit short so not really cutting it.
I'd see wave 3 to 10-15k if the 5 waves scenario confirms, or C leg to 29-30k if ABC.
Anyway both of these scenarios are IF AND ONLY IF we cannot hold this channel.
Bonus: Here is a very interesting blog post I found shortly after making this analysis -> blog.bitmex.com/the-q-trap/
Alt could be this move is an ABC before new waves, and we're starting C leg down but that would make C a bit short so not really cutting it.
I'd see wave 3 to 10-15k if the 5 waves scenario confirms, or C leg to 29-30k if ABC.
Anyway both of these scenarios are IF AND ONLY IF we cannot hold this channel.
Bonus: Here is a very interesting blog post I found shortly after making this analysis -> blog.bitmex.com/the-q-trap/
Not
ps: the time length of the waves is not intentional, I'm mainly showing price levels
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.