BITCOIN LONG Inverse H&S and Elliot Wave Completion 4H BTCUSD
Actualizado
We have what seems to be a completed Elliot Wave Cycle.
With 5-3 completed and C of (ABC) correction completing on the .618 fibonacci retracement level of elliott waves 1 ---> 5, we could be seeing wave 3 of a new Elliot Wave Cycle.
Additional Cases For Long:
- inverse h&S formation
- RSI > 50
- Clean break of support turned resistance line
With 5-3 completed and C of (ABC) correction completing on the .618 fibonacci retracement level of elliott waves 1 ---> 5, we could be seeing wave 3 of a new Elliot Wave Cycle.
Additional Cases For Long:
- inverse h&S formation
- RSI > 50
- Clean break of support turned resistance line
Nota
Wave 2 bounced off the 50% Fib level. Fib extension of wave 1-2 suggests a possible end of wave 3 meeting the 100% level. Looking for a pullback to previous R/S line.Nota
Could also see a wave 5 truncation. I consider this play complete as a result.Nota
ABCD? Nota
Edit**** Could we see this?
Nota
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.