BTCUSD - Textbook Irregular Flat

Textbook! Started at the top with a Ending Diagonal. Finishing at the bottom with an Ending Diagonal
First wave of correction ending soon at 0.5 - 0.618 correction.
Could be up for a new 5 wave impulse or an X for an XYZ combination further down

Yorum:

From our friend Mr Elliot and Frost:

"Ending diagonal triangles indicate exhaustion of a larger pattern that moved too far too fast. Ending diagonals are usually followed by a quick thrust which retraces to the starting level of the diagonal."

This means that we would expect to see a quick return back up to the start of this, which was 11.5k.

I will now buy back in full when I see the end of this pattern.

Yorum:

Updates here:

Yorum:

Further updates here: