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.
Cryptocurrency analysis Bitcoin / TetherUS BINANCE:BTCUSDT michael772 Hello everyone, In today’s video we are going to analyse the market and see what is going to happen in the near future. Have a nice trading week.
RVN Buy time Ravencoin / TetherUS BINANCE:RVNUSDT Arashbas “Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.” ― George Soros
Doge #dogecoin Is bottoming with a nice daily falling wedge . DOGE / Dollar BITFINEX:DOGEUSD K-alonzi Doge #dogecoin Is bottoming with a nice daily falling wedge . Get in board
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.
LINK/USD: Key Level to Watch LINK/USD COINBASE:LINKUSD VasilyTrader Hey traders, Link retraced to an important confluence zone on a daily. We see a perfect match between a horizontal structure and 0.5 / 0.382 retracements of […]
