PIVXBTC - Need More Education on Corrective Structures
4-hr Chart. Much depends on BTC price action
One thing I notice is that as Volume or Total Marketcap decreases, the rare Corrective Structures are becoming more common. In fact so common that the words "Bear Trap" and "Bull Trap" seems to appear everywhere. If we can predict the rare 5 corrective structures, i.e., Triangle, Leading Contracting Diagonal, Ending Contracting Diagonal, Leading Expanding Diagonal and the Ending Expanding Diagonal, we would be able to manage risks better. Experienced traders could help in this regard as there is not many coverage out there
One thing I notice is that as Volume or Total Marketcap decreases, the rare Corrective Structures are becoming more common. In fact so common that the words "Bear Trap" and "Bull Trap" seems to appear everywhere. If we can predict the rare 5 corrective structures, i.e., Triangle, Leading Contracting Diagonal, Ending Contracting Diagonal, Leading Expanding Diagonal and the Ending Expanding Diagonal, we would be able to manage risks better. Experienced traders could help in this regard as there is not many coverage out there
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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.