BTCUSD Technical Analysis
Since the 3rd wave is less than 1.618 of the 1st wave, the 5th wave will have tendency to overextend itself.
I am targeting 0.618~1 of the length(beginning of wave 1 to top of wave 3).
Also we can derive the the rising bearish wedge as known as one of the leading diagonal patterns.
From now on, I will post BTCUSD -0.20% on US region server and BTCKRW -0.14% on Korean region server.
I am targeting 0.618~1 of the length(beginning of wave 1 to top of wave 3).
Also we can derive the the rising bearish wedge as known as one of the leading diagonal patterns.
From now on, I will post BTCUSD -0.20% on US region server and BTCKRW -0.14% on Korean region server.
Note
Let me correct my analysis. Since 3rd wave cannot be the shortest, I think the 5th wave should be forecasted more conservatively. Here is my new corrected target.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
토미 라이브 차트 보기: litt.ly/tommytradingtv
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Youtube: bit.ly/Tommy_TV
Telegram: bit.ly/Tommy_Main
트레이딩 MBTI 테스트하기: tradingmbti.waveon.io/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.