BTC! Subwave 4 detailed analysis - ABC waves
- The vertical wave A is definitely a bull flag pattern.
- I expect a small retracement for Wave B from A, which lines up with bull flags…. I have the 0.236 fib level on the chart at 8150.
- Expect a good amount of sideways consolidation with the force of that wave A.
- Then expect wave C to explode out of the sideways action as per bull flag breakout.
- I have triple confluence at 8361 - 8393 range:
- 0.618 Fib extension off Waves A and B
- 0.618 Fib retracement for subwave 4 from the entire height of subwave 3
- This level hits the support/resistance level of subway 1 (Mar 25 4:30am) on the chart, along with sub-subwave 1 of subway 3.
Lets watch and profit!
LLCoolRS
Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
- I expect a small retracement for Wave B from A, which lines up with bull flags…. I have the 0.236 fib level on the chart at 8150.
- Expect a good amount of sideways consolidation with the force of that wave A.
- Then expect wave C to explode out of the sideways action as per bull flag breakout.
- I have triple confluence at 8361 - 8393 range:
- 0.618 Fib extension off Waves A and B
- 0.618 Fib retracement for subwave 4 from the entire height of subwave 3
- This level hits the support/resistance level of subway 1 (Mar 25 4:30am) on the chart, along with sub-subwave 1 of subway 3.
Lets watch and profit!
LLCoolRS
Disclaimer: This is not financial advice, and is given for educational purposes only. I make the charts, you make your own trades. Never blindly follow internet advice for your financial decisions... any analyst can and will be wrong.
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.