1. A Harmonic Bat pattern is observed. 2. A Head and Shoulders pattern is observed. 3. The A wave shows a WXYXZ pattern. 4. We are currently in the B wave, and in the B's ABC structure, the C wave is ongoing, but 5 Wave is still needed. 5. Long? Don't buy yet...
I still believe that the current rise is part of the B wave, but I've considered other potential price movements as well.
This year has certainly brought positive news, such as the Bitcoin halving and ETF. However, since Bitcoin is currently in the B wave, it hasn't had the momentum to sustain the altcoin rally for long. A good spot will come soon. including altcoin. The direction is likely to become clear on the chart within this month or soon.
PRICE RANGE is the order of movement. See you in two or three months.
PRICE RANGE is the order of movement. See you in two or three months.
1. For the 4-wave (WXYZ correction), the X wave is around 0.886 and the Y wave is around 1.27. Both the X wave at 0.886 and the Z wave at 1.27 are within the allowable range of the pattern and have moved to their maximum values. 2. The expected range for the basic 5-wave pattern is between 1.27 and 1.618 (or 1.902).
1. For the 4-wave (WXYZ correction), the X wave is around 0.886 and the Y wave is around 1.27. Both the X wave at 0.886 and the Z wave at 1.27 are within the allowable range of the pattern and have moved to their maximum values. 2. The expected range for the basic 5-wave pattern is between 1.27 and 1.618 (or 1.902).
1. For the 4-wave (WXYZ correction), the X wave is around 0.886 and the Y wave is around 1.27. Both the X wave at 0.886 and the Z wave at 1.27 are within the allowable range of the pattern and have moved to their maximum values. 2. The expected range for the basic 5-wave pattern is between 1.27 and 1.618 (or 1.902).
1. Woolf wave 2. H&S 3. 5-0 and shark pattern About 30,000usd
BTC Elliot Wave _WAVE 1 and ABC of WAVE 5 Please let me know if you have any other comments.
BTUSDT_Harmonic idea green: bearish bat red: bullish bat
I connected harmonic patterns and inverse head and shoulders.
After going up to the left shoulder level, the drop is about 10-15%
1. Breakout 0.618: Market still bullish. 2. Breakout A=C, 1:1 : There will be some confusion because it went up so fast. 3. Breakout 1.236: Slightly scary 4. Breakout 1.618: Crisis is opportunity!
if you have any other comments or questions, please let me know.
1. Yellow Line: Ascending Trigle Pattern 2. White Line: Elliot Wave 12345
Interpreting Bitcoin's movement as a pattern, it looks like a megaphone pattern.
1hr Triangle -> closed -> uptrend 1hr expanded triangle pattern