BTC is forming a triangle (cyan), probably starting to fall to form wave (2) and then finally bouncing and braking the second a bigger triangle (yellow) to form impulse wave (3).
All this movement may be part of the bigger movement (Violet) that started with the lower low of Feb 6th. It means we are at the beginning of wave 3 of that movement (violet)
Targets are only for price, not dates.
Of course, this is not financial advice, only thoughts.
All this movement may be part of the bigger movement (Violet) that started with the lower low of Feb 6th. It means we are at the beginning of wave 3 of that movement (violet)
Targets are only for price, not dates.
Of course, this is not financial advice, only thoughts.
Comment:
Also, forgot to mention the inverse head and shoulders forming. if it brakes upwards will also form wave 3 (violet)
Comment:
Wave count is really not clear, but so far my count looks right. Now it's getting to the end of wave (2) if it bounces on yellow support an passes through yellow support (triangle) I suppose it going to (3).
Trade closed: stop reached