DataMaestro

Bitcoin - Overthrow of Triangle - $8200 Likely

Short
BYBIT:BTCUSD   None
I don't have a lot of time to post the details, but if you know Elliott Wave, you know that the final wave of a triangle often overthrows the trend line then reverses quickly. You may also know that there are no triangles in a 2nd wave, unless it's in a 'b' or other combination. I see this as an a-b-c now with the b wave having completed and signaling a final capitulation wave c. From there, we finish wave 2 which means mega fireworks; as a wave 3 often is the fastest and strongest.

I hope I'm way wrong.

JE

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.