BTC Wave Analysis [2023-12-28]

28 thg 12, 2023

Judging by the price action we are experiencing with BTC, it looks to be in a triangle formation (Fairly difficult to spot initially)
Price should ping pong between the two boundary lines, if we retrace here it will have completed the D leg and E leg will be underway. Based on the room left until the apex of the triangle I believe it will form some sort of sideways correction for leg E such as but not limited to: Flat, Triangle.
After E leg is complete the triangle should breakout to the upside toward 48k-50k.

Trade accordingly, and as always; know your limit, play within it.

29 thg 12, 2023

Ghi chú

E Leg just about complete, waiting for behaviour at top boundary line before making judgement as to whether we continue or retrace into triangle.

30 thg 12, 2023

Ghi chú

Made a slight mistake, E leg is actually C leg. 0.618 extension from A leg. (E leg cannot go below C leg)
Watching boundary of top of triangle boundary for resistance or follow through.

1 thg 1

Giao dịch đang hoạt động

Happy new year to all!
Hope your 2024 is filled with great trades, good health, and even greater financial prosperity!

2 thg 1

Ghi chú

Barrier has been broken, this is a Zig zag with a 0.618 leg. Bulls have no mercy for the bears this week. Target is 49,000.

11 thg 1

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