Short
What if the triangles ends up being a failed one? Probable
A while ago I showed how I spotted the Eliott ABCDE Triangle. Also, showed where it leads.
Now. We all know the overall context is not THAT bullish so...
Let´s consider the more reasonable "triangle in the end fails" theory.
Redrawing my Corrective ABC I had originally, it not only still points towards my prior target (1: 1 ratio with A Wave), it also poses the question on whether me might get a ride towards a deeper retractment.
Less probable, 1: 1.618 ratio between A and C. Still possible.
Let´s see what Bitcoin traders decide tonight.
In the end, we depend on it.
;)
PS. Sorry for the back and forth hahahah!
Now. We all know the overall context is not THAT bullish so...
Let´s consider the more reasonable "triangle in the end fails" theory.
Redrawing my Corrective ABC I had originally, it not only still points towards my prior target (1: 1 ratio with A Wave), it also poses the question on whether me might get a ride towards a deeper retractment.
Less probable, 1: 1.618 ratio between A and C. Still possible.
Let´s see what Bitcoin traders decide tonight.
In the end, we depend on it.
;)
PS. Sorry for the back and forth hahahah!
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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.
Related publications
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.