TA_Trading
Long

BITCOIN LONG Inverse H&S and Elliot Wave Completion 4H BTCUSD

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
We have what seems to be a completed Elliot Wave Cycle.

With 5-3 completed and C of ( ABC ) correction completing on the .618 fibonacci retracement level of elliott waves 1 ---> 5, we could be seeing wave 3 of a new Elliot Wave Cycle.

Additional Cases For Long:

- inverse h&S formation
- RSI > 50
- Clean break of support turned resistance line

Comment: Wave 2 bounced off the 50% Fib level. Fib extension of wave 1-2 suggests a possible end of wave 3 meeting the 100% level. Looking for a pullback to previous R/S line.

Comment: Could also see a wave 5 truncation. I consider this play complete as a result.

Comment: ABCD?

Comment: Edit****


Could we see this?
Comment:

Comments

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