BTC has 2 patterns on the daily that could play out. Most people are calling a descending triangle with a horizontal support. This pattern is a bearish pattern that would normally break down.
If we follow what has happened in the previous internal ABC patterns of the WXYXZ pattern the C wave has been .618/.786 of the A wave
this would put our current C wave ending in the region of 5720 to 5243 making the pattern a falling wedge which is bullish. There will be alot of price action when it hits the 5800-5750 area but I think/hope it does drop through to confirm the bullish pattern.
TRADE SAFE ALWAYS USE A STOP LOSS and if this call comes off like my xrp call well then we should be heading to 20k next week LOL :) happy trading.
If we follow what has happened in the previous internal ABC patterns of the WXYXZ pattern the C wave has been .618/.786 of the A wave
this would put our current C wave ending in the region of 5720 to 5243 making the pattern a falling wedge which is bullish. There will be alot of price action when it hits the 5800-5750 area but I think/hope it does drop through to confirm the bullish pattern.
TRADE SAFE ALWAYS USE A STOP LOSS and if this call comes off like my xrp call well then we should be heading to 20k next week LOL :) happy trading.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.