Hello all, my baby whales !!!
I come back to the overall analysis of Btc, look at the chart.
First, look at the double at 11.7k, I was very confused, whether it is Flat or Triangle ???
However, if you look at the selling pressure at 13k, you can see that Flat waves can happen, but that's very low, and I think the Running Triangle is more reasonable.
Also, 11k7 is also close to 0.382 fib of wave A, which is the logical thing with the Running Triangle.
If it is flat, it must stop at 0.236 fib would be more reasonable.
In the Running Triangle, wave C is always the most complex wave, which is WXY or WXYXZ.
So, if you intend to scalp wave C, abandon that intention, very dangerous.
This idea is for educational purposes, please do not use it for trading.
All about you, my baby whales.
Call me Tu !!!