XBTUSD: Bearish ascending triangle using elliot wave theory

2018년 10월 19일

Assumptions:
1. the large rejection a few days ago implies we are still in a bear market.
2. MACD being squeezed, so a move either way is imminent.
3. Bearish divergence on the E wave.
4. Bullish momentum has been weak in the past 2 days.
5. Target: the next support point.

2018년 10월 19일

노트

target: 6260

2018년 10월 19일

액티브 트레이드

The ABCDE Count might not be correct since it still has space to move in that acending triangle.

if we ignore the wick, we get A (instead of C), B (instead of D).
While C,D,E are still incomplete.

2018년 10월 20일

노트

In the process of breaking down!

2018년 10월 20일

노트

My first post on tradingview, sorry if the graph appears like shit, just move to the left so it will zoom out and you can see the big picture.

2018년 10월 20일

거래청산: 스탑 닿음

Stoploss hit, 4 hours after hidden bullish divergance appeared on the 1 hour chart.