Bitcoin has approached the target for that first a-b-c move up of the early January low.
That Red Target box is drawn at confluence of:
- two Anchored Weighted Moving Averages
- downward sloped red trend line,
- 100%, and 138.2% ext of wave -a- up.
After completion of that rally we can see another pullback in wave -ii- down to re-test the breakout resistance...
in one scenario of counting GBPUSD in Harmonic Elliot wave Principle , we are in wave (C) of - i -
its Bullish Scenario and Having good Risk / Reward Ratio Give us Buy opportunity
Good luck
Hey everyone, I hope that you've been studying the markets, and preparing for the upcoming trading week. Right now I have a short t.a that you can take if you want. I am not going to, since the R:R is just slightly out of what I would want to risk.
Elliotwave analysis:
Hey guys, so right now, we are seeing what looks to be a leading diagonal. I hope you have all...
