TradingView
jay0403
7 de Feb. de 2018 20:06

SHORT [DAY TRADING] BTC Elliot Impulse Wave 2 being Ignored? 

Bitcoin / U.S. dollarBitstamp

Descripción

BTC was supposed to rally up to the wave 3. However, in the volume, we can notice that there were MASSIVE people selling. Would this make BTC downtrend?
We need buyers inorder to recover the Elliott Impulse wave!! Let's see what happens..

Will update here whether it's just a bear trap or trend reversal.
Ignore this if this turned out to be a bear trap.

Comentarios

In 1 minute chart, it is very close to form a Double Top. Be careful guys. Hope it moves up to the Wave 3.

Comentarios

Double Top seems to be forming. Needs to break out 8.5k.

Comentarios

Wave 3 ignored. It's either a descending triangle or just not a good sign of trend...
Comentarios
darkandblue
Your C is actually A...so yes we will go down to 7.6-7.2 range...then you will get your impulses if this is the break out which is yet to be confirmed
jay0403
@retiringsoon1, Thank you, I will be aware of that as well.
Más