Wave 1 ended up being just shy of my previous analysis, and Wave 2 retraced a near perfect 0.382 fib. I adjusted this series prediction based on Wave 1 and 2 end-points. This brings Wave 3 target down to the HA Monthly Pivot of 0.73 which is also the 1.272 fib of Wave 1.
My gut feeling is that were going to see a pretty large jump at some point in the next couple of weeks. The only thing holding us back is #Bitcoin right now. I think its possible that we will see 1.20 by the end of this month.
Watch the 4H trend-lines for break down as an early warning system.
The 4H Fisher might turn down this hour if it drops 0.05, but thats only because we have been trading in a 0.02 range for the last 16 hours.
4H LOI is still increasing with the last 1.5 days of constant gains. In fact, the 50 EMA is about to cross the 100 EMA. There is some evidence of a pause here, and a drop past 62,561,798 (currently 62,669,586) could draw things out another day or two. When we were at 0.57 there was 52,549,855, so we have gained 10 million in open interest over the last 10 days.
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As always, this is my personal observation and analysis of the market and is not intended to be trading advice.
For future updates to this Analysis follow me here, or if you want to get more up-to-date updates to price action follow me on Twitter @ExsiliumI.
My gut feeling is that were going to see a pretty large jump at some point in the next couple of weeks. The only thing holding us back is #Bitcoin right now. I think its possible that we will see 1.20 by the end of this month.
Watch the 4H trend-lines for break down as an early warning system.
The 4H Fisher might turn down this hour if it drops 0.05, but thats only because we have been trading in a 0.02 range for the last 16 hours.
4H LOI is still increasing with the last 1.5 days of constant gains. In fact, the 50 EMA is about to cross the 100 EMA. There is some evidence of a pause here, and a drop past 62,561,798 (currently 62,669,586) could draw things out another day or two. When we were at 0.57 there was 52,549,855, so we have gained 10 million in open interest over the last 10 days.
=======================
As always, this is my personal observation and analysis of the market and is not intended to be trading advice.
For future updates to this Analysis follow me here, or if you want to get more up-to-date updates to price action follow me on Twitter @ExsiliumI.
הערה:
This is the LOI, you can see the line I mentioned in my morning analysis here.
This is the LOI, you can see the line I mentioned in my morning analysis here.
Unexpected Drop - this will move Wave 2 down to what i expect will be the 0.50 fib.
In this analysis I warned about the 4H trend-lines and two of them are broke right now.
As long as we stay above 0.63 were still in a valid impulse wave situation. A break below 0.63 would be significant IMHO with potential downside to 0.58.
The 3rd 4H RSI trend-line is still holding... for now.