Bullish continuation

4 באפר׳Desciption chart setup:
- Possible short formed W (RSI trendbreak confirmed 4h)
- Descending triangle formation for a possible wave 4 (Retracement fib target reached 0.382)
- Target box laid out in chart

4 באפר׳

הערה

Setup depends on bitcoin's price action, keeping a close eye on the formation of a possible wave 4

4 באפר׳

הערה

Bitcoin just pierced the 0.5fib retracement. Official invalidation at $68754.

4 באפר׳

הערה

Bitcoin easily broke the 0.618. Possibilities for bullish continuation just increased. Reassessing new wave count.

5 באפר׳

הערה

Invalidation for more downward pressure at $64512.

5 באפר׳

הערה

Broke trendline. Looking impulsive with volume.

7 באפר׳

הערה

Still indecisive whether this is corrective or a finished wave 3. Wave 3 did hit the 1.618fib level. Invalidation level at $6.836.

9 באפר׳

הערה

My main scenario a wave X, perhaps a larger triangle.

9 באפר׳

הערה

Breaking $6.821 will lead to lower prices.

9 באפר׳

הערה

Keeping this BTC scenario in mind whilst eyeing NEAR's price action.

10 באפר׳

הערה

Potential subwave B completion

12 באפר׳

הערה

A bit of speculation. RSI does not yet support a triangle.

12 באפר׳

הערה

That escalated quickly! Wave Y started sooner then I hoped..

13 באפר׳

הערה

This was bound to happen at some point, but when it hits it hits HARD. Hope everybody executed their trading plan. This correction can be very quick and deep.

14 באפר׳

הערה

Remain short-term bearish unless we break $5.758.

14 באפר׳

הערה

Adjusted count to one more leg down.

18 באפר׳

הערה

Update. Based on the current corrective structure, I forsee one more low for a finished wave Y/wave 4 (minuette). However, there is a clear invalidation level at $4,026, that makes it unlikely to touch the 1.236 & 1.618fib. Unless ofc this is not a wave 4. For the low to be in a double bottem (or truncated 5th) will confirm bullish momentum.

19 באפר׳

הערה

Would be suprised if NEAR would follow Bitcoin's price movement and break out to the upside.

19 באפר׳

הערה

Low might be in for Bitcoin.

19 באפר׳

הערה

Previous chart was incorrectly labelled. The ending diagonal appears in Wave C of a zigzag. Wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 3 is shorter than wave 2.

20 באפר׳

הערה

I retract my comment from the 18th, because I do see a possibility for NEAR to have bottomed.

23 באפר׳

הערה

Focused to much on the smaller timeframe. Expected a potential wave 4. However, wave 4 got invalidated (diagonal seems far fetched) as well as varies ABC structures. A 1-2, 1-2 setup might now be possible, but I can't rhyme this with Bitcoin's chart unless BTC lifts off.

24 באפר׳

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