Possible extremely rare pattern, do not trade this pattern there are better opportunities out there.
The running flat is a 3-3-5 pattern in which wave B ends far beyond the start of a bear market. The following five waves fail to reach the ending of corrective A wave.
- Here we see a triangle I've been trading successfully; I gambled on it being symmetrical to the triangle on the left, so far it is.
If ATH levels are a result of B waves instead of a bull market, and price insists on staying within this triangle; then we must have a running flat on our hands.
- Both volume and RSI confirm that we have been in a long stretched bear market all along. And so does the extent to which price has retraced from the B move, which is well beyond 0,79 retracement already.
- Other alt/BTC pairs such as ETH/BTC also show to have been merely in relief all along.
Ideally, we would see the price bounce here with low- and at 5 with high volume. If we bounce here (3) with sizable volume, however, the bottom might as well be in as this count is EW abuse indeed.
The running flat is a 3-3-5 pattern in which wave B ends far beyond the start of a bear market. The following five waves fail to reach the ending of corrective A wave.
- Here we see a triangle I've been trading successfully; I gambled on it being symmetrical to the triangle on the left, so far it is.
If ATH levels are a result of B waves instead of a bull market, and price insists on staying within this triangle; then we must have a running flat on our hands.
- Both volume and RSI confirm that we have been in a long stretched bear market all along. And so does the extent to which price has retraced from the B move, which is well beyond 0,79 retracement already.
- Other alt/BTC pairs such as ETH/BTC also show to have been merely in relief all along.
Ideally, we would see the price bounce here with low- and at 5 with high volume. If we bounce here (3) with sizable volume, however, the bottom might as well be in as this count is EW abuse indeed.
노트
Daily close looks ok, congrats if you bought; great risk-reward IMO.
Not entirely convinced yet as bears managed to send it impulsing it out of the triangle. If price surges back into the triangle swiftly, or at least before the next monthly candle, it'd be a bull wick and thus (another) opportunity to enter.
노트
Little reminder.- Breaking out of the triangle then dumpling straight onto, or even below the apex, would be beautiful. The apex is still two months out, patience.
Let's go
노트
Accumulation zone around Apex levels, patience, lots of patience is required.노트
Chuchu, for now. Note usd chart.관련 발행물
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관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
