BTC Megaphone Continuous Pattern
Updated
A Megaphone pattern is forming within this 4th Elliot Wave.
A megaphone pattern can go either way as it is a representation of the volatility in the market.
How would I play this?
Long, If it breaks above the 5th wave and backtests support.
Short, if it breaks below the 3rd wave and hits its head.
Entry, if it holds support at the lower trendline of the 3rd wave.
Like and comment if you agree or disagree.
A megaphone pattern can go either way as it is a representation of the volatility in the market.
How would I play this?
Long, If it breaks above the 5th wave and backtests support.
Short, if it breaks below the 3rd wave and hits its head.
Entry, if it holds support at the lower trendline of the 3rd wave.
Like and comment if you agree or disagree.
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we go up now...Note
midpoint supportNote
This chart is money....Note
48k then 52k starting now....Note
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BIG CANDLE CLOSES COMING...HOLD THE .382 FOR CONTINUATION, LOSE SUPPORT GO SHORT.Note
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broke .382 supportNote
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