BitcoinUpdated BTCUSD : weekly. descending wedge
Target zone :
or more aggressive variant. But this one include all indicator going so low and deep that we would end up entering guiness world record book for the lowest indicators ever recorded :
Overall check if break out :
And here i show you how i can draw beautiful lines :
or more aggressive variant. But this one include all indicator going so low and deep that we would end up entering guiness world record book for the lowest indicators ever recorded :
Overall check if break out :
And here i show you how i can draw beautiful lines :
Trade active
seems to have found a support at projected lvls.
We are now in the most oversold state of the BTC history. November 2018 is the deepest ever recorded for BTC.
Trade active
the next area if we broke this support is in the upper 3k :Trade active
if i trick the spike of the A (see green circle) it gives us a target reach for the abressive retracement.The fifth wave is clearly present. The question of extension of the waves can still in be place. The bottom will be indicated a a huge rise in volume (what we have here) at support trend line. The rise in price is still not present. We need a sharp rise in price with a huge volume to confirm a recovery :
Note
i spotted an inv ABC that might take us to 5.3k in this post :
For now we landed on my most agressive 1.618 extension
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.