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blurryface_nobody
Mar 14, 2021 3:10 PM

Buy the bounce Long

Bitcoin Cash / United States DollarCoinbase

Description

Looking for a second bounce off the green support to confirm the conclusion of an Elliott correction wave. The next target will be a retest of its previous local high.
Comments
Aeternum
Sorry but your elliot waves don't seem right. Technically when we look at a wave, it should be impulsive or corrective. Your 5 wave moves are not impulsive and wave 3 ended up at the same point as wave 1. Furthermore for the correct ABC, you placed C on the same point as A, which again isn't right. You're looking at a break out of the ascending triangle but based on current price action, it looks to be a false breakout.
riestas241
beautiful
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