LONG Bitcoin - MORE FOMO? The Case for More Bull - BTCUSD 1 Hour
Güncellendi
A completed 5th Elliot impulse wave followed by a corrective ABC pattern might have Bitcoin on another bullish path...
- Cup and Handle Formation
- Wave 1 with wave 2 completing on the 38.2% retracement
- Height of this potential Cup and Handle execution would coincide with a fully completed 1-2-3-4-5 impulse wave
- Stop would be placed just beneath handle
* 1 Hour Chart Play
- Cup and Handle Formation
- Wave 1 with wave 2 completing on the 38.2% retracement
- Height of this potential Cup and Handle execution would coincide with a fully completed 1-2-3-4-5 impulse wave
- Stop would be placed just beneath handle
* 1 Hour Chart Play
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Apologies for the edits***Not
Better on the eyes...Not
Waves 4 and 5 next?Not
Bitcoin is... angry......
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*Meant to place here in updates not comments section*May have been best to have a slightly lower TP zone(such as the blue box) Wave 5 does not always surpass 3. Wave 3 extended to the 1.272. Will we see a retest of support turned resistance (see red "dots" and line) at the .382 retracement which correlates with this line?
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Trade would best be closed - Target was $11300Price MAY have topped at $11200 in the near term
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Looks like a nice flag is developing for the 5th wave.Not
Target Hit.
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.