Hs
BTCUSDDISCLAIMER : I just want to make clear that I'm fairly new to this market, so any opinions and advices are welcome! This could all be wrong but lets hope not! :)
After doing all 5 Impulse Waves Bitcoin must retrace and do ABC (according to the Elliott Waves) The A point should be near the Neck Line, B should be "the same" as 3 and finally, (according to the Elliott Waves Rules) C must be near the low-point of 4.
After doing the ABC Bitocin will bounce back up
Once again to wrap things up, this is MY opinion! Don't take what I say for granted!
Have a nice day.
AUDNZD inverted H&Sinverted H&S pattern forming
head bounced off of 1.026
RS bounced off of monthly trend line
Strong acting resistance and neckline at 1.075
looking for price to break above neckline and retest to enter long
Long term pattern=better strength of pattern
If upper mothly trendline is broken, price may carry and retest creating new highs. TP1 at 1.093
Inverted H&S pattern on EURNZDPossible inverted H&S pattern
LS,H formed with good signs that RS is forming
Long term pattern
1.510 and 1.526 are key areas where price might get stuck
aggressive neckline at 1.510
price may go up to monthly trend line which may be a rejection area (TP1)
long term trade with TP2 at 1.580