this is a short to short-midterm EW opinion. Bulls and bears are pretty balanced between 27800 and 26 700, that's why we could going on bounce down n up. We have lower highs and lower lows which forms the bearish channel. imo the next 7-14 days we will have a clear direction downside but BTC is always good for a surprise.
EWaivers know, it all comes down to where...
The signs were all set up bearish, I did expect a correct move up until 28 198 on EW, but I did not expect to have such a bullish run up to 28 500! So the bulls are still powerfull in the market, which makes the situation even more tricky then it was before, bec it is the same with the bears. The bearish Scenario is until 31k still in place, From 31k I will flip...
Let’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level.
From the Hurst Cycles perspective, the...
As you can see I'v already spotted the resistance area on chart.
Don't be fooled by indicators.
Now The gann square is here.
5d 10d measure time.
1/2 is from my silly use of gann line. IDK what it is so it's a mysterious spot.
Seems it just a cycle. Then we should know that The gann angle is a measure tool ;-)
It's must not be the resistance speed line. The...
