Elisa's charts


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ELISA'S CHARTS technical analysis.

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#BTC #UPDATE - My response in chat to what I think BTC is currently doing.

Price is just ranging right now. Noone knows whether it will dip/dump/pump! It will operate in the range until one side gets strong enough to break it.

The triangle was broken up by the bulls but the 12k selling is still too strong. So price went back in the triangle. Tried again and rejected again lower. So I do expect a dip again, a dump I don't know.

Buying is still going to be strong at the lower levels too. Same as triangle the trendline broke but then price came back inside it.

It is simply a quite equal battle in the range of around 11500-11900 with some wicks.

At the moment bulls are winning by a touch, but last night it was the bears so it can change quick!


#DGD - I am liking the look of this if we can confirm this level as support now.

https://www.tradingview.com/x/cemc9Grw/


#CDT - Yep this was always going to make a comeback!

https://www.tradingview.com/x/y5CoIF1Z/


#BTC - I can't find any decent Wolfe which are in symmetrical triangles rather than wedges so this could be invalid but just for interest, this is what I saw. Anyone studied these more than me and think this is valid let me know in chat!

https://www.tradingview.com/x/aiC9PHFR/


#DUSK - I was revising Wolfe Waves as BTC is reminding me of one and thought that DUSK is a really nice example if anyone is interested.

https://www.tradingview.com/x/jwYwVucU/


#DUSK - Glad I didn't fomo now, straight rejection off the next level.

https://www.tradingview.com/x/VH8nuaOf/


#ETH #UPDATE - Turns out I did do the levels well on my usual ETH chart. A bounce on 225 and retest of the broken wave at 222. The bounce here is nowhere near as strong as BTC so I'm guessing ETHBTC pair is even more dead now.

I need to update both this and BTC properly - but at this stage if we can't find a HL or DB here, and certainly if BTC corrects again now, it's looking like ETH will be heading back to trend around 208.

https://www.tradingview.com/x/ylEcIzN3/


#BTC #UPDATE - So we had the break of trend I was expecting and the fall to 11550 /11400. However rebounded strongly yet again from there. We have left levels behind for retest yet again, but this is looking more promising and could be developing into a new range.
First things first though, I want to see where we can find support and make a HL (hopefully!) after this run.


https://www.tradingview.com/x/3j0bYEio/


This was my working chart where I had the black line at 213.85... I'm not convinced by trying to have 2 charts so I can post one!

https://www.tradingview.com/x/AA4nqmdl/


#ETH - I think I didn't share this earlier as I hadn't finished it... I updated some lines and ironically do have one where we have bounced now but am not convinced by why I put it there!

https://www.tradingview.com/x/2k5YSDlb/


It is confirming it is not a fake breakdown of the upper wave, and price will go back to retest the buyers on the previous wave.


#BTC #UPDATE - Notice how when it rejected 11760 it was done for? This is why I keep the green lines - this one was the high of the previous wave in the move.

https://www.tradingview.com/x/gMDH0rQx/


Altered trendline resistance slightly.

https://www.tradingview.com/x/j4swqfKS/


#DUSK - Tempting to fomo but I don't like the dying volume now. I do like the pushing against resistance.
Considering...

https://www.tradingview.com/x/rCvsKLbQ/


#ERD - Could be a similar example here although I don't like that it may simply be triggered off one big buy. Keep watch. Very low sat, don't get trapped!

https://www.tradingview.com/x/4PkybQW8/


#DUSK - I missed this even though I saw it a couple of days ago! This volume can be indicative of a prepump testing and clearing first resistances. Keep an eye on these when you see them - I discounted this as price won't normally fall all the way back down afterwards. Clearly in this case I was wrong!!

https://www.tradingview.com/x/kCd8UMRY/


#BTC #UPDATE - And just as I said that we manage to make a V on the 5 min. Still need to retest successfully though... and not reject hard now or at 11800!

https://www.tradingview.com/x/hAB7o0dZ/


Just a quick FAQ as there are some new people around -

Yes I have a million lines, this is because I chart on the 1min but I remove as many as I can before posting the 15 for you! I leave the remaining as they are often valid later as intermediate levels and should be used for laddering TPs.

I chart low tf mostly as that is what most people (and I) trade. I also believe in seeing what price does at a level rather than assuming it will break or hold (until I come up with a decent hypothesis on this!) Therefore I will never call 3k now because I want to see what happens at 11, 108, 95 and so on!

Dark Blue lines - Mid and Long term S/R horizontals.

Pink lines - Levels, normally wave highs/lows ignoring fakeouts which have acted as S/R since.

Green lines - Levels, normally wave highs/lows where price bounces and ignoring fakeouts. Mostly have not been confirmed by other price action afterwards however may be important later.

Pink arrows - At the green levels, these are where on the 1min chart the level has not been retested because price moved away too fast. Commonly the price returns to test these areas and frequently bounces. ETH more accurate than BTC since BTC will wick harder.


#BTC #UPDATE - While we have held the black 11650 AGAIN, and are teetering on the edge of the trendline, it seems weakness is setting in.

It is clear there isn't particular desire to buy over 12k and sellers push price back down with ease.

My blue channel which had so much action previously now seems to get passed through with ease too - support even there is fading. On the down side, a fall will possibly have us wicking a bit with support at 11550 and 11400.

However, a break of trend/symmetrical triangle at this point, would target a measured move to just above 11k, filling a bunch of those green line gaps (pink arrows) I've been harping on about! This also aligns with the 70.7 fib for this wave.

This bounce is weak and even on the 5min we are unable to yet make a successful reversal V. I feel we are in distribution and 11650 may soon be taken. But as always, trade what you see - don't assume!

https://www.tradingview.com/x/1sBEQJmh/


#QKC - Buy walls at this level. Shouldn't need to say it but take care if you are scalping per my last post.

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