BTC simple logic
Quite simple logic.
Step 1. The big drop from late 2017 is not a impulsive wave, which make it a 3-wave pattern, therefore it's more possible a wave B is unfolding;
Step 2. The raise from late 2018 (wave B) didn't meet the minimum time requirement, the blue vertical line.
Step 3. The raise from late 2018 (wave B) didn't meet the minimum price requirement, the red horizontal line.
result: will keep on consolidating and exceed both the time and price requirement.
More detail will be added in the comment
Step 1. The big drop from late 2017 is not a impulsive wave, which make it a 3-wave pattern, therefore it's more possible a wave B is unfolding;
Step 2. The raise from late 2018 (wave B) didn't meet the minimum time requirement, the blue vertical line.
Step 3. The raise from late 2018 (wave B) didn't meet the minimum price requirement, the red horizontal line.
result: will keep on consolidating and exceed both the time and price requirement.
More detail will be added in the comment
Nota
Trade Idea:Simply hold the spot BTC or wait for a better area in low time frame and use some future contract. Lower timeframe analysis might come sonner.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.