Bitcoin WXY ending diagonal wave4 5200$
I already make a post about this ending diagonal 1 week ago(look at related idea)...this post is an update because waves are playing differently than what i thought a week ago but nothing changed the diagonal is under construction...target 5270$ (this scenario can be destroyed by the whales at any time but price should reach at least the 4800$ area)
Note
Pay attention to how the price goes to test the circle levels ,it's perfect each time Trade active
You can scalp the wave B coming now at 3890$ and buy back the C wave 3580$Note
Or just watch because maybe there is no ABC and we go at 4300 nowNote
Wave B in a triangleTrade closed: target reached
Trade active
Bottom for wave c in blue =3555$ then next leg up at 4300$ area subdivised in 1,2,3,4,5 wave Note
Indicator on suport 2H time frime....exellentTrade closed: target reached
Happy to give succesfull trades Target reached for wave 1
Trade active
Wave 1 will probably reach 3980$ at the 0.618 level of the harmonic cypher patternTrade closed: target reached
Target reached at 3970$ for the top the wave 1 (i call it wave 1 but it can be a wave A)Bitcoin seem to be in a bullish flag pattern now
Note
The bullish flag failled and i think than it's because the 3555$ target bottom mentioned previously has been missed of few ...the waves since the failled bullish flag look to have change in a complex structure WXYXZ...i'm now expecting a pump at 3900$ followed by a dump for find the 3555...let's see if it workNote
We have not seen the 3900...that's because i did a little mistake counting the waves but it don't change the dump at 3550$Trade active
The dump is comingNote
Btc did a pump giving a new point for draw a parallel chanel Note
Chanel broken .I really thought than we would find the deep at 5555$ at the 0.618 fib level but i was wrong ,the deep has been foud at the 0.5 fibonacci level .We are now building the left shoulders of the big H&S in an ABCD pattern .target 3960-3990$ for this ABCD patternNote
The ABCD pattern stopped at 2 % instead of 2,618 % but we don't care ,the important thing is than we now have the famous left shoulder .On the chart ,you can actualy see an expanding diagonal .Once this diagonal is done and break upward ,we should see a nice pump for finaly make the head of the H&S .Target 4400$Note
Bitfinex chartTrade closed: target reached
What I thought would happen happened, we cancelled the whole bullish movement to reach the previous missed target.
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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.