After a clear 5-wave move to the downside, establishing a bear market, we can see a three wave ABC corrective move to the upside. Trends can easily be defined as having clear swings with minimum overlaps, which is shown in the 5-wave pattern here. Corrective patterns generally have many overlaps and less clear swings, as can be shown by the ABC move.
I see this as a likely top of a C-wave , where a bear market will continue.
BULLRUN WILL START SOON!! Bitcoin / TetherUS BINANCE:BTCUSDT CRYPTOMOJO_TA Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities. Consider following me for the latest updates and Long /Short […]
CRVUSDT Analysis – 05.05.22 CRVUSDT Perpetual Contract BYBIT:CRVUSDT initmx Entry triggers: 3 waves in parallel lines (abc) Entry: market price TP: 2.534 SL: 2.697 Like with any other trade, due diligence is advised. I see […]
My BTC DCA plan BTC/USD COINBASE:BTCUSD kriswill I use this chart to map out when I increase my daily purchase amounts for a Dollar Cost Averaging ( DCA ) strategy for accumulating BTC when in […]