@LillyAnoop I agree. But consider that we got a mini-season for alts after the US-Iran de-escalation during the last summer (killer on 10/10) so we may have another run after another de-escalation, fueling a sharp/fast rally (BTC macro W5?) with a blowoff ending around midterm / eoy
@Stefan_B_Trades IMHO this chart screams distribution. Maybe we'll see another high, maybe not, but for sure a strong rejection below 6.2% it's what we need for triggering a markdown.
@LillyAnoop Nice count! I still think that somehow my count can make sense since the impulse started at 85k for me and the key level will be 88k. If we go below, this is probably a large W5 of C pushing for making a strong LL. A lot of triggers are possible this week, so better be vigilant
@tradedevils Just ignore the huge spike down that immediately bounced back on LTF for the count, it happened only in Fine (but since it happened it's a level I'm looking at as lower target for W2)
@XForceGlobal Thank you mate, you confirmed my bias! And please, if you have time check ETH, it seems the only (potentially) bullish chart out there. If we get the triangle on BTC, it could be a nice play!