Bullish continuation

4 kwi

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 kwi

Uwaga

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

4 kwi

Uwaga

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

4 kwi

Uwaga

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

5 kwi

Uwaga

Invalidation for more downward pressure at $64512.

5 kwi

Uwaga

Broke trendline. Looking impulsive with volume.

7 kwi

Uwaga

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 kwi

Uwaga

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

9 kwi

Uwaga

Breaking $6.821 will lead to lower prices.

9 kwi

Uwaga

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

10 kwi

Uwaga

Potential subwave B completion

12 kwi

Uwaga

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

12 kwi

Uwaga

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

13 kwi

Uwaga

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 kwi

Uwaga

Remain short-term bearish unless we break $5.758.

14 kwi

Uwaga

Adjusted count to one more leg down.

18 kwi

Uwaga

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 kwi

Uwaga

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

19 kwi

Uwaga

Low might be in for Bitcoin.

19 kwi

Uwaga

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 kwi

Uwaga

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

23 kwi

Uwaga

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 kwi

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