Bitcoin has been trading in a sideways pattern after a rapid decline and retest of a key resistance level.
The sideways move has been making 3-3-3-3-3 patterns except is wave "b" that looks impulsive. This contracting corrective price action can be easily labeled as an Elliot Wave triangle.
The breaks of the wave "d" low, green line, will confirm the completion of the triangle and the breach of the red line will invalidate the short setup and the triangle idea.
What's your view on BTCUSD? Let's interact in the comment!
Thanks for reading,
Veejahbee.
The sideways move has been making 3-3-3-3-3 patterns except is wave "b" that looks impulsive. This contracting corrective price action can be easily labeled as an Elliot Wave triangle.
The breaks of the wave "d" low, green line, will confirm the completion of the triangle and the breach of the red line will invalidate the short setup and the triangle idea.
What's your view on BTCUSD? Let's interact in the comment!
Thanks for reading,
Veejahbee.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.