#BTCUSD update, still #BearishTrend.
Not suited for beginners, H4 chart!!! (I had to place most of the tools on the same chart, for this post, except the EW counting and Harmonics).
Whether you like it or not, #Bitcoin represent the whole #crypto #MarketSentiment. And it still respecting the $4400 level (see my previous charts from Facebook or google it "fx lord...
(see all my previous charts on F a c e b o o k - or ask G o o g l e "FX Lord Ice")
After reached the "E" point, as expected, the Price Action broken the lower band of the triangle. Could've become a rectangle if the PA would've fail to design a new Lower Low.
The target for those that trade Triangle's BO strategies, is the triangle height (the white vertical...
Bitcoin H1 chart, point us a PA exhaustion. But based on the Higher Time Frame analysis, we still have plenty of room for the Bearish side.
Even if this Symmetrical Triangle would be BO on top, would still be a corrective Pattern (Falling/Rising/Widening Triangle or Rectangle). The secret is the right counting on minor "abc" sub-swings, between AB, BC, CD, DE....
The "e" is usually a smaller correction than 50% (based on the "c-d" swing). The next impulse (after "e"), it's usually part of a ABCD pattern (AB in place on the "c-d" swing, where, AB = CD and CD = 127.4%-132.8% or 161.8% of AB). But the right level will come from adding a Fibonacci Retracement, on the "d-e" (counter trend fib) in order to find the Fibonacci...
ETPUSD
Bla-bla-bla... just testing the charting options, while doing an analysis for a crypto friend. Overall, good for crypto, since no other charting tools to compete with, in this field. But when it comes to the "classic financials"... lacks a lot, especially for my multi fibs systems (feedback for the TradingView team).
Used tools: Elliott Wave, Harmonic...
