Bitcoin has been trading in a sideways pattern after a rapid decline and retest of a key resistance level.
The sideways move has been making 3-3-3-3-3 patterns except is wave "b" that looks impulsive. This contracting corrective price action can be easily labeled as an Elliot Wave triangle.
The breaks of the wave "d" low, green line, will confirm the completion of the triangle and the breach of the red line will invalidate the short setup and the triangle idea.
What's your view on BTCUSD? Let's interact in the comment!
Thanks for reading,
Veejahbee.
The sideways move has been making 3-3-3-3-3 patterns except is wave "b" that looks impulsive. This contracting corrective price action can be easily labeled as an Elliot Wave triangle.
The breaks of the wave "d" low, green line, will confirm the completion of the triangle and the breach of the red line will invalidate the short setup and the triangle idea.
What's your view on BTCUSD? Let's interact in the comment!
Thanks for reading,
Veejahbee.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.