BTCUSD flat ABC with ending diagonal as a C wave

18 thg 8, 2022

An ending diagonal should have 5 waves each of which should consist of an ABC or triple wave. We can see a triple in wave 1, we can see now a triple in a wave 3. So now we are in a wave 4 with supporting zone 22.3k-23k we we can go long, and a wave 5 should bring us to 26k approximately. The timeline of this process and price action of course can differ from the reality.

19 thg 8, 2022

Ghi chú

The invalidation point is 20700.13, everything happening above that is still valid especially with the shorter wave C.

21 thg 8, 2022

Giao dịch được đóng thủ công

The chart depicts contracting ending diagonal, which is not the case anymore, but still expanding ending diagonal is in work now, which resembles the same idea for ETH.