This chart appears to be a possible and valid wave count.
Wave-1 and wave-4 doesn't overlap.
Wave-3 is a 1:1 extension of wave-1.
Wave-4 retraced to the 0.65 Fibb of wave-3.
Still, be super cautious because of the FUD news circulating today.
Binance ordered to be shut down (shown as rumor/false) and others.
Wave-1 and wave-4 doesn't overlap.
Wave-3 is a 1:1 extension of wave-1.
Wave-4 retraced to the 0.65 Fibb of wave-3.
Still, be super cautious because of the FUD news circulating today.
Binance ordered to be shut down (shown as rumor/false) and others.
Not
What I see is wave-5 failure (other counts don't add up).I know that most TA ignore fundamentals/news, however, this is my view on the market's recent behavior.
I see 5 impulse waves forming as expected, then at exactly the same time of Binance FUD (17hr ago), it fails/breaks down into an ABC correction.
Meaning, large crypto holders dumped heavily on the market once they saw this news, detailing our active bull-run, and causing 5th wave failure.
pbs.twimg.com/media/DY8fimlU8AAdL40.jpg
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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.
İlgili yayınlar
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.