Wolfe Wave BTCUSD Technical Analysis : 1) Points 1-2 should be FARTHER apart than points 3-4 2) Points 1-2 and points 3-4 are connected by a zig-zag ( a simple a-b-c pattern in this case) 3) Points 2-3 are connected by a flat 3-3-5 WW Model eyes point 5. Look for: a) impulsive wave for Points 4-5 ( connected by internal 5 points ) b) at least 1.121 fib....
Wolfe Wave BTCCNY Technical Analysis 1- Points 1-2 should be FARTHER apart than points 3-4 2- Points 1-2 and points 3-4 are connected by a zig-zag ( a simple a-b-c pattern in this case) 3- Points 2-3 and 4-5 are connected by an impulse wave (points 2-3 and 4-5 are connected by internal 5 points) 4- we would have the following internal 3 -5 - 3- 5. Overall, the...
Similar of what is going on right now. (Blue Circle). After a rally we had a dump (red arrow)
Chart is bullish. Ascending trinagle about to break upwards. MACD bullish. target 7.9
The best way to have a good trading is to follow simple chart patterns
Notice how the retracement bounds back on the previous support
Next stop 1000 , 1.618 Fib. level
Will the last triangle have an upward or downward breakout ?
Are we falling down in F' as already happened in F ?
As said yesterday the small bubble (blue) is following the first bubble (brown). ( A=A', B=B', C=C'. D=D', E=E', F=F' ) Now will G' follow the trend of G ?
Notice how the first and second bubble are behaving at the same way