elchanin

Dance two fractals with Harmony

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin broke a triangle and a wedge , why is there no growth? What if a downward wedge is just being formed?

Forecast of possible price movement - $ 3,660 - $ 4,830 - HELL

In the picture above, you can observe the supposed fractal of two Descending wedges dancing with the harmonious pattern AB = CD: bear variety 61.8 / 161.8
Comment: Movement to the top C of the pattern AB = CD - reducing long positions, building up short positions to continue the upward movement
Comment: MACD: extended bearish divergence - Bitcoin down
SRSI: heading down
CMF: reports weakness of bulls at 4H - going up early
Trade active: The graph shows an upward bearish triangle, continuing to move along a downtrend
BTCUSD H1 C UP. Checkout the idea detail's and update's for the complete picture.
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@Boon2, thank you for sharing the idea!
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Nice catch on that MACD-price divergence. However, if you only use the tops of both rallies, wouldn't they be around equal?
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elchanin SnarkLife
@SnarkLife, they are equal, there is this kind of divergence
+1 Reply
SnarkLife elchanin
@elchanin, Yes, MACD definitely shows divergence. Thanks for sharing.
+1 Reply
elchanin SnarkLife
@SnarkLife, thank you for your attention bro)
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