$BTC #BTC #BITCOIN #ELLIOTTWAVE Wave 4 of A?This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Btcusdcorrection
BTCUSD Resistance Channel Not Broken 'Check This Out' 21st feb Hi all i wanted to throw this in here for others to see and see if anything could be taken away from this chart in a more precise way, im looking to broaden my learning with the trading cryptocurrencies, but i have to learn more myself first but im seeing patterns and resistance point emerging.And i do not think we come close to breaking throw the first resistance line never mind the fan channel which is not straight it seems to fan out, the problem is we cannot get a 100% accurate assessment of the top of the channel resistance until we hit it enough times so far we have only hit it twice and this was when we dropped from 20k.
I have added this chart for more people to consider that we are not over fighting and we could just be building up for a ABC correction of some kind and then we will break through the resistance and also the top downtrend line resistance.I have tried to keep this as simple as i can as im still learning but, putting ideas out there like this in such a strange volatile market with a lot of shorts in the market now, we have to think out side of the box.
The is a rough chart on the 1 day scale.Add some info to the chart nothing complicated just some patterns that could turn
out to be true.I also want to add some more text underneath this post for people to think about people are mentally physically
drained and have been fighting in a good battle all day, i seen the order books and the market on many different time frames and the
bulls gave every thing they had but allot of shorts in there to try and push the price down did not help.I think we will soon see
another bearish pattern then traders will restock and make bigger risks and we will go through the top resistance channel allot of
things could still happen they might take a 8k position or 9k position and stock back up and go for it again, but we have to think
of some things out side of the box first, they are following this down trend and profiting massively the bull run is coming don't
worry about that but be patient and watch the
Want to help a n00b start trading :) i have a £400 to start to trade very soon small but enough to learn in a few months time i
will be have more knowledge and be able to put more into the community as a whole.Thank you all if you want to read the below
it was some things, i have been thinking about.
BTC -0.84%
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1LuVYASn75HZeLeKksExKTNwZpF59zXWk7
ETH
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0x6C4aa3B856D167977d39b4AB49aC66D967Edd9F2
BCH
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qrd904m4v4k4mz0r4xk2dajkunt02jtg2gw8m8f57t
market have buy/sell markers in place just incase.
CRYPTO : BTCUSD LONGTERM SHORT BASED ON H&S + ABC CORRECTION !!We've got a Head & Shoulders pattern completed (it is cleaner on the H4 but I've charted on daily to show the ABC correction as well).
Our first target will be $8k and second target is $5k. Stops would be above the $17k psychological resistance level.
Now that we've broken the neckline, I would expect a retest of the neckline as previous support and should now hold as resistance. This would complete the B-leg and from there a deep correction back to $5k-8k.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please Like & Comment if you agree with this setup and would like to see more Crypto setups from me.
