OneFourOneTrading

OneFourOneTrading

From a long-term perspective, this chart is what you need. Let's keep it technical and simple! When it comes to Elliot Waves, the correction often retraces to the fourth wave of the previous fifth. As you can see on the chart, price has retraced to two previous Wave 4's in lesser degrees. Wave 4's: 1. Pink Line 2. Red Line (Buyzone 1) 3. Green Line (Buyzone...

OneFourOneTrading

With MA20 crossing MA50, price is at the moment breaking out to the upside of this purple symmetrical triangle. If Bitcoin successfully can stay above, see horizontal gray lines for upcoming resistances with the MA200 just above. This is not financial advice /onefouronetrading

OneFourOneTrading

Let the chart speak for itself. This is NOT financial advice. /onefouronetrading

OneFourOneTrading

In the beginning of the financial crisis in 2008, the S&P500 broke down below the MA 200 and fell -20.3% from the top to bottom in Mars 17th '08 before printing a rising wedge formation. The rising wedge took off and in conjunction with crossing the MA 200, price was quickly rejected and fell -54%. Today, after another long bull market, the S&P500 has once again...