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.
Bitcoin X-RAY and diagnosis – What's next for the digital gold? Bitcoin / U.S. dollar BITSTAMP:BTCUSD Exactus Trader’s have a tendency to over complicate and eventually come to the conclusion of no conclusion at all. […]
TS ❕ MATICUSD: moves down MATIC Network / TetherUS BINANCE:MATICUSDT TradingStat MATIC reversed the trend by bouncing off a strong resistance level . The price moves down breaking through the levels. SELL scenario: short to […]
GMT Short Trade GMT / TetherUS BINANCE:GMTUSDT Kashif88 GMT Short Entry 1 @ current price (0.81) Entry 2 @ 0.83 Tp @ 0.62 Stop loss at 0.845 Expected time frame, 3-5 days