I come back to the overall analysis of Btc, look at the chart.
First, look at the double at 11.7k, I was very confused, whether it is Flat or Triangle ??? However, if you look at the selling pressure at 13k, you can see that Flat waves can happen, but that's very low, and I think the Running Triangle is more reasonable.
Also, 11k7 is also close to 0.382 fib of wave A, which is the logical thing with the Running Triangle. If it is flat, it must stop at 0.236 fib would be more reasonable.
In the Running Triangle, wave C is always the most complex wave, which is WXY or WXYXZ. So, if you intend to scalp wave C, abandon that intention, very dangerous.
This idea is for educational purposes, please do not use it for trading.
All about you, my baby whales. Call me Tu !!!
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When it's breakout and back to retest, it must be hold by the neckline. If it bounces at the neckline, we will have 3 targets for the h&s pattern.
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invalidaed pattern
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Last time, I warned you about the AB=CD pattern, but in reality, this pattern has expanded to AB = 1.27CD. In that, we will have 4 targets. It will bounce at target
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im sorry, its 1.27AB=CD
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Last time, I warned you about the ABCD model (1.27AB = CD)
However, it can be transformed into a "Three Driver" parttern, and intending to target 10.4k Be careful with the 9k-9.1k mark, which could be a reversal up.
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I'm short at key level
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I'm not sure how to count the waves in the triangle Especially C wave, it's complicated, and I always hate it Do not trade based on my chart, please !!!
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Because wave 1+ 3 were "normal", wave 5 may be extended Be careful !!!!
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No doubt, wave 5 has been extended 1.272 -> 1.618 a = c trendline ( Red line) confluence at redbox
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I see some bad sinals, be careful !!!
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A chance to Long But, high risk, I dont Long anyway Stop loss: when break C leg
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They said about 88 and 89, and beyond, is about bright future..... rofl, hahaha ---> unscrupulous
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We have not had any "bounce" yet And Blue Box will be where I expect it to bounce. But, be caruful, its not strong support !!!
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when rsi hit 60 + btc hit upper edge, about 75 76 if that happen, will short
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Not bear flag, its triangle, haha
Trade active
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You probably do not know: The triangle usually appears in wave 4. Minor wave1: 5 = 0.618 (0 -> 3) Minor wave3: 5 = 0.382 (0 -> 3) Cause w1 + w3 were normal, maybe w5 -> extend W5 = 0.886 -> 1 (0 -> 3) Minor wave5: 5 = 0.618 (0 -> 3) Dont Long ulti 6.7k Love all, my baby whales
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My strategy: Long when Btc hit Red Box
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Last time, I talked about 12345 waves, I'm sorry for that In the triangle, the wave is 3-3-3-3-3 C = 1.272 A In C, wave5 = 0.618 (0 -> 3) Target 6.6k, then reverse to 7.9k, at the top of wave 1 in C
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It sounds funny, but I'm not going to publicize my margin orders here.
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Thank you everyone for supporting me Maybe I need some time to rest I will be back soon Good bye.