BTC (12H) / Algo Technical Analysis / SL Chasing (!)
We can observe that prices have breached the upper channel to the downside and reintegrated it (SL chasing). We could break down and follow the red arrow though.
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We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
Previous post(s):
Please like and share if you appreciate this market update.
We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We also answer all your questions regarding the Elliott Wave Principle!
Cryptos are updated every day of the week and on Saturday, if necessary.
Traditional assets are updated every day of the week.
Elliott wave & Fibonacci labelling:
Common path in white, bullish count in green, bearish count in red.
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