Bitcoin Trading Idea | Next BIG Swing | Elliott Wave
BTC/USD - 4H Chart
Intermediate (3) (green) Structure - Bullish Impulse
Elliott Wave Channel in Minor 5 (green).
Intermediate (4) (green) - Running Contracting Triangle
ABCDE Structure (turquoise), with expectations for a Bullish Break-out.
Intermediate (5) (green) - Favorable Technicals
- Ascending Channel
- Hidden Bullish Divergence
- Sideways Correction & Continuation Pattern
- 38.2% Fibonacci Retracement of Intermediate (3)(green)
- Vibration Zone & Point of Interest
BTC/USD - 4H Chart
Intermediate (3) (green) Structure - Bullish Impulse
Elliott Wave Channel in Minor 5 (green).
Intermediate (4) (green) - Running Contracting Triangle
ABCDE Structure (turquoise), with expectations for a Bullish Break-out.
Intermediate (5) (green) - Favorable Technicals
- Ascending Channel
- Hidden Bullish Divergence
- Sideways Correction & Continuation Pattern
- 38.2% Fibonacci Retracement of Intermediate (3)(green)
- Vibration Zone & Point of Interest
Note
BTCUSD Elliott Wave labels remain intact.Intermediate (4)(green) completed in a Running Flat.
Bitcoin located in the final stages of Intermediate (5)(green), thus preparing a larger degree Correction in Primary 4 (green).
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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.
Related publications
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.