#BTCUSD Updated & Forecast
Elliot Wave Technical Analysis: Elliot Wave recounting & update
Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend
CHART ANALYSIS
Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Primary wave” Double combo correction WXY Expanded Flat Pattern and is expected to make a decrease to the 50% Fibo Retracement level as a target over the next 2-4 weeks
Note: to be able to identify "Divergence" whether Bullish or Bearish, you need to draw or mark manually by finding the change /difference of the trend (Divergence line) between the direction of Price vs RSI Indicator 14 - (can be done in small or large Time frame ) -
EW Note: Elliott wave is not a technique but it is to identify the Direction whether it is Down or Up.
*Disclaimer: All Trading Plan Ideas are for the study & guide of the Author only,
*For the purpose of buying & selling shares please refer to the representative of "Remiser or Stock Expert Consultant".
*All purchases or sales or even losses on stock & others instrument transactions, are your own responsibility.
Friendly Reminder: Control emotions, Take care of capital & trade discipline
Start with Bismillah & Selawat before trading.
Thank you .
Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend
CHART ANALYSIS
Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Primary wave” Double combo correction WXY Expanded Flat Pattern and is expected to make a decrease to the 50% Fibo Retracement level as a target over the next 2-4 weeks
Note: to be able to identify "Divergence" whether Bullish or Bearish, you need to draw or mark manually by finding the change /difference of the trend (Divergence line) between the direction of Price vs RSI Indicator 14 - (can be done in small or large Time frame ) -
EW Note: Elliott wave is not a technique but it is to identify the Direction whether it is Down or Up.
*Disclaimer: All Trading Plan Ideas are for the study & guide of the Author only,
*For the purpose of buying & selling shares please refer to the representative of "Remiser or Stock Expert Consultant".
*All purchases or sales or even losses on stock & others instrument transactions, are your own responsibility.
Friendly Reminder: Control emotions, Take care of capital & trade discipline
Start with Bismillah & Selawat before trading.
Thank you .
Disclaimer
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