BTCUSD Waves. Under the microscope.(04.10.2017)
Another local correction was formed, the nature of which indicates the existence of a zigzag. We are happy about this, because there are prerequisites to confirm our intuitive sense of price growth to 4550. We follow the character of the upward movement and we will not hide that we do not like it and looks crooked, however. If the movement regroups into a wedge converging, divergent - we have a hand on the pulse. We will buy with a short Stop Loss.
The logic of the market. Usually such situations always occur.The price does not finish the key point, and bidders begin to prematurely enter positions against the past movement. This moment usually occurs in wave 4 (orange), so we are leading it and do not see until the clear end of the impulse from 22.09. In counting for the waves, we have 4. There is not another wave.
The logic of the market. Usually such situations always occur.The price does not finish the key point, and bidders begin to prematurely enter positions against the past movement. This moment usually occurs in wave 4 (orange), so we are leading it and do not see until the clear end of the impulse from 22.09. In counting for the waves, we have 4. There is not another wave.
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