BitcoinShort
XBTUSD: Bearish ascending triangle using elliot wave theory
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Assumptions:
1. the large rejection a few days ago implies we are still in a bear market.
2. MACD being squeezed, so a move either way is imminent.
3. Bearish divergence on the E wave.
4. Bullish momentum has been weak in the past 2 days.
5. Target: the next support point.
1. the large rejection a few days ago implies we are still in a bear market.
2. MACD being squeezed, so a move either way is imminent.
3. Bearish divergence on the E wave.
4. Bullish momentum has been weak in the past 2 days.
5. Target: the next support point.
Uwaga
target: 6260Zlecenie aktywne
The ABCDE Count might not be correct since it still has space to move in that acending triangle.if we ignore the wick, we get A (instead of C), B (instead of D).
While C,D,E are still incomplete.
Uwaga
In the process of breaking down!Uwaga
My first post on tradingview, sorry if the graph appears like shit, just move to the left so it will zoom out and you can see the big picture.Transakcja zakończona: osiągnięto poziom stop
Stoploss hit, 4 hours after hidden bullish divergance appeared on the 1 hour chart.
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