SUMMARY
Am I calling the bottom of Wave IV? No, not yet. But close and getting closer. If prices can put in a higher high so above the peak of Wave 1, it would be probable that Wave IV bottom is in. I'm expecting prices to be temporarily repelled by the resistance line (blue) which also serves as the Neck Line. If that does occur, a smaller Head & Shoulders bottom patern could be formed to allow prices to regroup so as to breach the Neck Line. Once the higher high is in place, a new ladder could be setup and I'll be posting a video on that as well, when the time comes.
im so greatful that someone I know referred me to you lol. when i sell at the top, im dontating to you and him.
Thank you so much. do you do this full-time? you're on all day long basically
Thanks for the kind words! More to come!
so if this rise doesnt hit the same spot as wave 1 ( the neckline ) does that indicate a failed attempt and it will go back down a lot? or would it just stay around 3600 - 3700?
Basically, does a failed attempt for new highs indicate a very probable dip back to the low?
Just 3600s and rise again.
@haejin Earlier you said 5.5 weeks of downtrend period. What made you change your mind?
Bear market ends so soon?
Wouldn't that be much too short? thanks
The speed of turn and unfolding waves. I haven't officially yet called the Wave IV bottom. Higher high has not yet occurred.
Always enjoy your analysis. Definitely one of my favorite crypto experts to follow!
Thanks! Please feel free to request analysis of your coins.