chartagami

Bullish Analysis with Leading Diagonal Wave

BINANCE:XVGBTC   Verge / Bitcoin
If and a big If we are in a 5 impulse wave upwards then a 5th wave could land us at the targets described. This is dependent on 3 conditions being met:

CONDITIONS:

1) We are up-trending in a 5 impulse wave up

2) Wave 4 is complete (If it isn't wave 2 as per Trade Devil's days earlier TA)

3) We do a 1:1 or 1:1.618 Fib level extension of the Difference between Wave 3 and Wave 4

Let's see how it plays out. Join the telegram for discussion on this and all TradingView XVG pair charts which are RSS fed to our group t.me/vergetrade

Comments

Maybe it's a corrective abc wave where his 1,2,3 waves are. His 3 wave is wave 1.
Reply
Wave 4 pierces through the territory of Wave 1.
Reply
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