I think we are located in a corrective wave number 2 of a larger wave C in a Daily A,B,C correction that is marking the end of the main 8 wave daily cycle
Elliot wave expanding triangle idea in wave 4 Main Cycle. (Expanded flat,X wave, symetrical triangle?) all part of wave 4. Fib retracment taken from the beginning to the end of main cycle wave 3.
In my head pink impulse wave (30 min) is C of 4 hrs larger ABC correction of wave 2/5. the 2/5 cycle is part of larger trend in wave C of the daily main A,B,C correction that has been going on for a while. if the green line is surpassed then its probably not that and it could be an extended triangle forming in the daily and we are in wave C or D of...
Elliot waves.ABC Correction,Main wave 4 or 5?,stoch divergence
More elliot wave ideas over the same correction, Expanding triangle is forming in the btc 4 hrs?
Couldt this be a running flat correction on wave 4?
It looks like a cup and handle is forming on the BTH 4Hr. time frame
It looks like a head and shoulders is forming at the current top of the trend in the recent spike in price of bitcoin.
Stochastic ocillator level went out of the overbought area (below 80) for the first time on august 6/8/17 at 23:00 P.M . It eventually got back over 80 and the uptrend continued for a few hours. On todays lowest low (so far) there was a a big price dip that reached ($3176.52) wich was partially bough up by the bulls but still ended closing down bearish (large...
The previously inverse head and shoulders was rejected by the purple resistance, theres a new double top forming (awating possible small breakout to the downside at $2620.13). There is also a small green pennant forming above the double top support (awating small breakout to the upside). the stochastic is showing overselling and its almost below 20.
an inverse head and shoulders located in the bitcoin 4 hr. timeline