RimmerDall

Another Attempt at Elliots

BITFINEX:BTCUSD   Bitcoin / Dollar
53 0 0
Looks like now's a great time to set some stop orders. Whether the triangle is actually a continuation pattern I'm not 100% sure. If we do break downwards, I wouldn't expect it to push much past the old-resistance-now-support-midterm-trendline. However, if in your own analysis you do not consider that trendline to be broken yet then you should disagree. 'Officially' neutral since breakout can occur in either direction, but as mentioned in a previous chart I have already opened a bullish position.

Note to Bitfinex users: Though my stoploss was set to $490 and we have seen the price dip to that point a few times, Bitfinex has not executed my stop order. My guess is that it's because the price was only there for a couple seconds at most, and the system didn't get to me before the price rose again. Can't bee too sure though. Thought it worth mentioning.

Edit: Yes I realize wave 3 is shortest. The count is a bit ambiguous, and I missed that while proofing. Wave 3 actually may extend to where subwave ii of 5 begins, making that wave ii actually wave 4... I think this is a wave extension that makes it difficult to count.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out