Asakaki-Takanod

Asakaki-Takanod

Assumption & Context Let’s address the elephant in the room: the $118 level. Technically, it's a lower low, just 3% below the previous $122 low. However, in my view, it’s not a lower low in the traditional sense. Why? Because this area likely attracted a ton of stop-loss orders, creating what I call (Wyckoff ripped me off) a "selling climax" — a quick 3% shakeout...

Asakaki-Takanod

Just a random Elliot Wave analysis of BTCUSDT on the 1-hour timeframe. Key levels are highlighted: resistance at $99,618 and support zones at $94,531 and $91,247, with a major support at $82,800. The chart depicts completed impulse (1-5) and corrective (ABC) waves, followed by another wave cycle in progress. The EMA (21) aids trend direction. Watch for potential...

Asakaki-Takanod

A trade idea based on my trading knowledge and market behavor. I'm anticipation a retest on what what the double tiop previous support at 3480-3640 area. Once we test it as resistance we will start a last wave downwards toward 3000-3100 area where I will anticipate we will start to go sideways untill the end of year.