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BiggyBalls
Jun 6, 2020 8:13 AM

BTC Bear Market to 63xx/65xx level, Prior to Q3/Q4 Bull Market Short

Bitcoin / U.S. dollarBitstamp

Description

-ABCDE Elliot Triangle Correction Pattern.
-Typically E-Wave is a Range Contraction prior to Break-out
-Major Trendline Resistance + Price Level Resistance at 10,000/10,500
-Weekly Candle likely to Close with Rejected Wick off Resistance
-Major Price Support at 63xx/65xx Will further Develop Right Shoulder Structure of HnS pattern.
-Completion of HnS Pattern Results in both Elliot Wave Correction pattern completing and a Triangle Breakout
-Measured Move places 23,000 Target for Late Q3/Early Q4 2020.
Comments
sackofnuts
j
Icecoldtrading
Looks good man
VincePrince
Good idea
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