Short
WAVES/USD A PATTERN SEEN!
As I looked into the chart of waves/usd, I saw a pattern that begins with a sinusoid look alike graphic and ends with a flag. As this occurs 3 times in a row, I can confirm this pattern will go on. Ofcourse waves/usd is related to bitcoin. So this means it will follow up bitcoin's downtrend, which I expected in the previous idea. SO, I expect a short on the short-term. When Bitcoin will rise again, waves will follow up his trend. Maybe later then the actual rise of Bitcoin.
For now we are in the flag. So Waves will rise a little this period. After the flag I expect a short. A period of swing will follow up with a happy end, namely a bullish trend (the stick of the flag).
Please take also a look to the other waves, just by zooming out and in.
For now we are in the flag. So Waves will rise a little this period. After the flag I expect a short. A period of swing will follow up with a happy end, namely a bullish trend (the stick of the flag).
Please take also a look to the other waves, just by zooming out and in.
Trade closed: target reached
Target reached! Broke support level of the flag. Going to the M-phase!
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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.