We have 3 possibilities at present time, either we see price drop sharply in impulsive fashion , which would make this a Flat correction Or, it makes only a 3 waves correction , which would increase the chances of a Triangle playing out (favorite count) or, of course, this could just continue rallying higher which would indicate that wave 4 is in...
Soooo, not alot this can be EW stylie did not make the .90. sideways wxy and flat off the table. 3 counts i can think of. xyz down and in a 12,12 going up. Abc W abc X and down for a ZZ Y, Triangle if you believe ABC . also Leading diag A into a bigger correction. time will tell
Update to this idea > May be in wave 4 (of A) now but if price breaks below 5480 then the count is invalid.
Target price - $2100.02 Dow Theory is active Elliott Waves is also active
Finally, we have some MeatBulls for our hungry Bitcoin tiger. We have reached Bear Target 8200 (50% retracement) in an ABC correction as expected, and bulls are now defending this level because further decline may trigger a down trend on a larger scale. Bulls have gained support on EMA 50 already and plan to push the price above EMA 200 in wave iii (circle) with...
Hello everyone, we have an opportunity to buy this pair towards the highlighted area. For any questions leave a comment or DM me. Good Luck