Currently, the main scenario is "Bullish Flag", but we can not exclude other variants as a corrective flat correction.
This is just an option for now and we have to wait for confirmation of the formation.
The FLAT correction differs from the zigzag in that the sequence of its sub-waves is 3-3-5.
Since the first active wave, wave A, does not have enough strength...
I am currently working on the preferred scenarios 1: "BTC/EUR - "Bull Flag" - small pause in the market trend?", see link to related ideas.
We should not underestimate the second pessimistic scenario in which the price continues to descend down to lower levels, this is a possible scenario, and we must be prepared for it as well.
Breakthrough on the lower trend...
"Bull Flag" are continuation patterns representing a small pause in the market trend.
They can be easily spotted as they appear right after a sudden and quick burst from a trading range.
In dynamic and quick markets, Flags form as prices pause and move in the same direction as the prior trend after a clear breakout.
Flags are known to be very reliable patterns....
In confirmation of the previous analysis "BCH/EUR short-term analysis",BCH/EUR entered the area giving a good opportunity to make long trade.
It is imperative to wait for a clear and valid alert to enter into a deal!!!
After the upward movement to 456E, BCH/EUR make a correction (a-b-c) to 228E 23.6% FIBO level (or 50% FIBO of the entire upward movement started...
The BTC/EUR entered into consolidation.
In the coming week I expect to see a correction in the zone between 8700E and 12000E.
It is difficult to say what the form of the adjustment will be in advance.
A basic level of support is 38.2% FIBO (8700E)
The other two important levels are 50% FIBO (9300E) and 23.6% FIBO (7800E).
On a daily timetable, the MACD has a triple divergence, but we still have to remember that the indicators are late for the market price.
At the beginning of consolidation, consideration should be given to adding to current positions.
If we look at the latest price movement from 58.0E to 128.0E, the good entry level is 50% FIBO - 94E. This entry point level is...