Let's face it. None of us want 
BTCUSD to go down. Isn't it?
So whenever I see a potential/local bottom, I start looking for a bullish possibility. Few days back, #BTC dipped below 77K so I started counting waves from that point to see if there could be anything good happening here.
On the 4H chart here, I can see a 5 wave move up (wave (i)) which could be described as a leading diagonal followed by a a-b-c down in wave (ii). The next move up (supposedly wave (iii)) seem to be looking fine so far. I can easily count 5 wave impulse in it by drilling it down to 1H chart. Note that, this would be just i of (iii). SO far so good.
Disclaimer: Note that this is something we all elliott wave chartists do when we see a bottom to assess if a new trend could be starting. This is just one (bullish) alternative that I am exploring. There are bearish alternatives as well.
BTCUSD to go down. Isn't it?So whenever I see a potential/local bottom, I start looking for a bullish possibility. Few days back, #BTC dipped below 77K so I started counting waves from that point to see if there could be anything good happening here.
On the 4H chart here, I can see a 5 wave move up (wave (i)) which could be described as a leading diagonal followed by a a-b-c down in wave (ii). The next move up (supposedly wave (iii)) seem to be looking fine so far. I can easily count 5 wave impulse in it by drilling it down to 1H chart. Note that, this would be just i of (iii). SO far so good.
Disclaimer: Note that this is something we all elliott wave chartists do when we see a bottom to assess if a new trend could be starting. This is just one (bullish) alternative that I am exploring. There are bearish alternatives as well.
Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Be a Better Trader!
Disclaimer: Do your own due diligence for buy/sell decisions.
Disclaimer: Do your own due diligence for buy/sell decisions.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.