Bitcoin - 5 magic bullets will stop this trend
Hello, everyone!
It's time to talk about the potential reverse warning because we have all 5 factors which can stop the uptrend according to the Trading Chaos methodology. These factors are following:
I have not seen such perfect bearish setup for a long time. Let's see if it is going to play out.
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If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
It's time to talk about the potential reverse warning because we have all 5 factors which can stop the uptrend according to the Trading Chaos methodology. These factors are following:
- Target area of wave 5. We have the extended wave 3 obviously. That's why we have to measure the wave 5 target as from 1 to 1.61 Fibonacci ratios multiplied be wave 1 length.
- Squat bar at the top. Here we have even 2 squat bars which makes me super confident in the potential trend end.
- Divergence with Awesome Oscillator. This is the most important factor that we have the divergence between wave 3 and 5. It's the most powerful signal.
- Decreasing momentum. We have 2 red columns on AO.
- Fractal at the top.
I have not seen such perfect bearish setup for a long time. Let's see if it is going to play out.
________________________________________________________________________________________________
If you like my trade ideas, please smash the boost button to stimulate me make more quality analytics!
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