Update on BTCUSD in Multiple time frame
Updated
Hi every one
Bitcoin / U.S. Dollar
In this analysis we want to analyze BTC/USD in multiple time frames so let's begin!
Firstly we have a chart with daily timeframe and if you pay attention you can see that BTC is in an ascending channel and also there is an ascending triangle pattern with a hidden bullish divergence (+HD) on MACD indicator if you remember our last analysis on the BTC, the Elliot wave principle was on it's way to complete the 4th impulse wave and now the 4th wave has been completed and the 5th wave is also moving as expected!
The second analysis is in 6 hours time frame which is also the ascending triangle with more details. The bullish break out has already happened so it expected that the price would increase as much as the measured price movement (AB=CD)
The third chart is in the 4 hours time frame which we can see a cup and handle pattern and the upward break out has happened so the upward movement is expected to be as much as the measured price movement (shown in the picture)
The 4th chart is in the same time frame as the 3rd but we just wanted to show you that the EMAs are separated and are in order from small to big this means the trend can still continue and is far from over!
Thank you for seeing idea .
Have a nice day and Good luck.
Bitcoin / U.S. Dollar
In this analysis we want to analyze BTC/USD in multiple time frames so let's begin!
Firstly we have a chart with daily timeframe and if you pay attention you can see that BTC is in an ascending channel and also there is an ascending triangle pattern with a hidden bullish divergence (+HD) on MACD indicator if you remember our last analysis on the BTC, the Elliot wave principle was on it's way to complete the 4th impulse wave and now the 4th wave has been completed and the 5th wave is also moving as expected!
The second analysis is in 6 hours time frame which is also the ascending triangle with more details. The bullish break out has already happened so it expected that the price would increase as much as the measured price movement (AB=CD)
The third chart is in the 4 hours time frame which we can see a cup and handle pattern and the upward break out has happened so the upward movement is expected to be as much as the measured price movement (shown in the picture)
The 4th chart is in the same time frame as the 3rd but we just wanted to show you that the EMAs are separated and are in order from small to big this means the trend can still continue and is far from over!
Thank you for seeing idea .
Have a nice day and Good luck.
Note
Previous Analysis
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t.me/CobraVanguard
📥┃Premium trading experience with COINCALL
coincall.com/r/47022631
📥┃Join the platform where I trade and receive up to a $500 welcome reward! coinex.com/register?refer_code=n8fmk
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