BitcoinShort
BTCUSD Technical Analysis
Bearish inverted flagpole pattern could be derived.
Usually for flagpole pattern, it touches the bottom and top trend line of the flag channel five times, forming ABC corrective waves.
Then it breaks either bottom or top of the channel.
How far it will go? I targeted 100% fib extension of the wave 1 for wave 3.
For wave 5, I targeted 61.8% fib level of the whole wave cycle, that has started from the early February.
Worst case, wave 5 might reach down til the 162% fib extension of the wave 1.
Usually for flagpole pattern, it touches the bottom and top trend line of the flag channel five times, forming ABC corrective waves.
Then it breaks either bottom or top of the channel.
How far it will go? I targeted 100% fib extension of the wave 1 for wave 3.
For wave 5, I targeted 61.8% fib level of the whole wave cycle, that has started from the early February.
Worst case, wave 5 might reach down til the 162% fib extension of the wave 1.
토미 라이브 차트 보기: litt.ly/tommytradingtv
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트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
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