Ian_Carsen

Ian_Carsen

This may be a very Nice trade on bitcoin! It looks like it is still trying to reach higher in the short term.

Ian_Carsen

Looking for ALCH to have some upside volatility after this move down! If it bounces from the 2 indicated levels above the entry and gets close to the target, remove entry order.

Ian_Carsen

I Think the likelihood that we may have finished moving down on bitcoin is over, however, even if that is not the case, This may be a nice trade!

Ian_Carsen

Indicated are the supports I’m watching. If price goes below the ‘invalidation leg’ I consider the btc bull market to be over.

Ian_Carsen

I believe this can fill in the next day or 2, RR depends on the lvl taken, Sui is currently in a very bullish move so it makes sense to take the higher red lvl for lower RR IMHO.

Ian_Carsen

My previous hypothesis of a sharp correction (scenario 3) looks to be incorrect. I believe the most likely corrective structure is a contracting triangle at this point (scenario 1), and the last leg should be bought for new ATH, however, it is also possible we had the last major low for this correction and new ATH are imminent (scenario 2)—which will be on the...

Ian_Carsen

Currently looking for something like the following, Take out the stops, and hold the the range below Before new all-time high

Ian_Carsen

I believe bitcoin is eventually making a new local lower low, however, that it will likely bounce off the indicated range first, moving up in a three wave move before continuing lower. Well, the target may need to be adjusted, the indicated trade is attempting to take advantage of this Analysis.

Ian_Carsen

Bitcoin most likely to continue higher from one of the indicated ranges. It may be best to split a trade 1/2 entry on one and 1/2 entry on other with stop below the second, or 2 trades with 1/2 normal risk.

Ian_Carsen

Bitcoin has risen significantly, if it retraces some it will likely stop at the indicated range. Target will need to be selected after the entry based on the development of the chart.

Ian_Carsen

Possible Elliott wave triangle suggests a new local high in the near future giving a trade opportunity at the untested range. Target may be adjusted--that provided is conservative.

Ian_Carsen

I expect a short move up followed by a bigger retracement. While I’d try a long at the lower indicated range, a move further, below it, is certainly possible.

Ian_Carsen

I think bitcoin will likely find resistance at the current range, or slightly higher, and move down in a stepwise fashion to the indicated supports in the near future.

Ian_Carsen

Wif seems to be going up to a longer-term target. A trade could be taken as so

Ian_Carsen

While I believe it is still possible to target the more global support zone below, a sequence of events like that shown (another smaller push higher before a larger drop) would suggest BTC is on its way to new ATH again. Conversely, a larger drop from current resistance levels would suggest we still have one more larger leg down to me.

Ian_Carsen

Indicated are some of the major support and resistance levels I'm looking at. I'd expect price to break out of the current consolidation to the upside before moving lower.

Ian_Carsen

Should be a fairly safe trade, and a minimum first target. Could possibly hold for a bit more, or less depending on how the chart develops

Ian_Carsen

Anime seems to continue to be upward bound toward the indicated eventual target, a safe exit is shown for the 1.%7 RR, although one could potentially hold it higher for almost a 5 RR--or something in-between.