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BTC - Nine wave triangle from Elliott Wave text book ending Bear

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The "Elliott Wave Principle: Key to Market Behavior" has a chart showing a nine wave EW correction/consolidation and if our prior chart is correct and this is a 4th wave, this makes sense because 4th waves are usually triangles

Reference:- oceanicfxsite.files.wordpress.com/2016/08/screen-shot-2016-08-31-at-11-09-59-am.png?w=863

I'm also impressed that the support has held so well. This pattern gets confirmed after a proper break-out at $7100+

Zoomed out
$BTC - can you see the light at the end of the tunnel?


imkeshav
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BTCBTCUSDChart PatternsTrend AnalysisWave Analysis
imkeshav
Follow me for more updates
twitter.com/imkeshav
youtube.com/channel/UCskbBdZstBUQ_4y2o912zzw
Also on:

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.