This analysis is based on speculation so please just see and do not trade prepnuggets.com
Hello dear, I think Bitcoin reacts well in this price channel and this is not a signal or a buy or sell offer.
Left shoulder: Price rise followed by a price peak, followed by a decline. Head: Price rise again forming a higher peak. Right shoulder: A decline occurs once again, followed by a rise to form the right peak, which is lower than the head.
AB= 0.382 to 0.618 retracement of the XA swing leg; BC= extend to minimum 1.272 and maximum 1.414 of the XA swing leg; CD= retrace to 0.786 of the XC swing leg;
A Double Bottom Pattern is a Classical Chart Pattern which indicates a possible bottom after a downtrend. It is one of the patterns in Technical Analysis with a very high success ratio of above 70%. The double bottom pattern looks like the letter “W”, where the price drops to a low then rebounds, then again drops to the same low and again rebounds. Hence it is...
GBPUSD Short idea H&S Pattern in H1 time frame is Forming
Hello , I think pattern AB=CD will be formed and will drop to a minimum of C point .
First of all this idea don't for trading in live account , As a result, do not trade on a real account .
Here we form wave 4 in 4H timeframe and wave 5 will form as soon as the trend line is broken. MACD and RSI indicators also confirm . This is just an idea and is not recommended for real account trading .
My view on this currency is that wave 5 is over and will rise to wave 4
This is just an analysis that is likely to take Forming
I Think Wave 4 will end in range 141 and then move to Wave 5