Bullish continuation: final leg up
Updated
Description: Short/Mid-term perspective
- long signal MACD(d) zero crossing (from below)
- price above ema 111(d)
- ema contraction, ready for expansion
Price hit required 1.618fib level for a wave 3 (minute). 5th wave in the making. See potential price targets in chart.
- long signal MACD(d) zero crossing (from below)
- price above ema 111(d)
- ema contraction, ready for expansion
Price hit required 1.618fib level for a wave 3 (minute). 5th wave in the making. See potential price targets in chart.
Note
Updated ew countNote
Update Bitcoin v0.5. 1-2, 1-2 setup. Note
Two scenario's: - finished triangle (Y-wave) and moving up (pot. leading diag)
- ABC correction for a X-connector.
Both scenario's have more upside, but leading diagnal should preferably stop before 1 fib.
Note
**Excluded wick in analysis, bc not present at other exchanges.Note
Update Bitcoin v0.6. Note
**correction 'label: this structure is not impulsive' in bitcoin chart can be identified as a leading diagonal, see invalidation lvl in chart.Note
Update Bitcoin v0.6.1.
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.