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FocusWithin
Jul 8, 2021 2:46 PM

This pattern is taking too much time ? 

Bitcoin / United States DollarCoinbase

Description

So that's my preferred count. Its an Expanding Triangle keeping everyone on the edges. E wave doesn't have to touch the upper line. But should either complete in 5 subwaves of smaller degree or 3 subwaves. Can only make sense that it will be ABC three waves as an E. So that wedge type structure has formed as a B wave and C wave coming to complete E?

Larger Structure is Bearish
Smaller Structure is Bullish
RSI Holding

When it takes time to complete the pattern in a sell off should consider it as a bullish signal or sign of strength ?

Comment


maybe this looks more convincing ?
Comments
ArShevelev
good view on waves map
FocusWithin
@ArShevelev,

maybe a diagonal in progress as an A
ArShevelev
@FocusWithin, thanks for update. yeah also possible
FocusWithin
@ArShevelev no worries. Very likely it’s diagonal as it’s not a triangle. Short after pullback and ride wave 3 4 and 5 as a A
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