Hi everyone,
wish y'all have a profitable lifestyle.
📍 As when we are in a corrective wave in BTC and almost all the crypto-currency pairs, I see the correction like this.
📍 Either we are in a B wave or the 1st E-wave.
📍 Both scenarios are possible as we can say the first Zig Zag correction is 5-3-5.
⚠️ Now we may have 2 scenarios; all the correction is only the "A" leg of the A-B-C (5-3-5) correction, we can assume that we are in the B phase, or we can claim that the A-B-C (5-3-5) is already over and we may see a new cycle on the rise.
📌 If we are in the B phase we have already passed the 0.618 Fib retracement of the A wave, however the 0.78 Fib is also valid for the B phase.
⚠️ If we reach the 0.78 Fib Retracement which is in the 53k price zone, we have to be extremely careful and wait for more confirmations and make a decision about the upcoming price movement.
THIS IS NOT A FINANCIAL ADVICE
I ONLY SHARE MY OWN PERSONAL OPINION ABOUT THE CHART
wish y'all have a profitable lifestyle.
📍 As when we are in a corrective wave in BTC and almost all the crypto-currency pairs, I see the correction like this.
📍 Either we are in a B wave or the 1st E-wave.
📍 Both scenarios are possible as we can say the first Zig Zag correction is 5-3-5.
⚠️ Now we may have 2 scenarios; all the correction is only the "A" leg of the A-B-C (5-3-5) correction, we can assume that we are in the B phase, or we can claim that the A-B-C (5-3-5) is already over and we may see a new cycle on the rise.
📌 If we are in the B phase we have already passed the 0.618 Fib retracement of the A wave, however the 0.78 Fib is also valid for the B phase.
⚠️ If we reach the 0.78 Fib Retracement which is in the 53k price zone, we have to be extremely careful and wait for more confirmations and make a decision about the upcoming price movement.
THIS IS NOT A FINANCIAL ADVICE
I ONLY SHARE MY OWN PERSONAL OPINION ABOUT THE CHART
Not
The "B" and "1" / New cycle waves explained
İşlem aktif
price just pulled back to the infamous trend-line. It also can be a fake break-out
We have to wait for more which is the weekly close
Weekly Close
İşlem kapandı: hedefe ulaştı
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.