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.
Steve's Gun2Head – Buying Ethereum after bounce from support Ethereum / U.S. dollar BITSTAMP:ETHUSD Signal_Centre Trade Idea: Buying Ethereum after bounce from support Reasoning: Price action has bounced off the major support area and posted […]
Could Market Adoption Break 45,000? BTC Perpetual Futures Contract BINANCE:BTCPERP Trade_Scholar Weekly Time-frame We are breaking the double bottom pattern. Price target at $52,194. Seems like we are about to turn the supply area into […]
INDEED, BTC DROPPED LIKE BEFORE. Bitcoin / U.S. dollar BITSTAMP:BTCUSD Dexter_The_Trader Hello guys, here’s a BTC update in 12 hours TF. Let me keep it short and simple. Indeed BTC sank in deep and looks […]
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.
Structural Similarities ETHUSD Ethereum / Dollar BITFINEX:ETHUSD Bixley Comparing structural similarities between waves and eth The tops ( hammer ) are inverted in height between charts Perhaps a moonshot for ETH could be implied?
CAKE LONGS ACTIVE 📉📉📉 CAKE / TetherUS BINANCE:CAKEUSDT AnonimFXRO 📉 Expecting bullish price action on CAKE as price shifted the market strucutre from bearish into bullish , price reversed to fill the bullish imbalance and […]
BTC long 38540 Bitcoin / Tether KUCOIN:BTCUSDT alis625324 What do you think Snsnsnksks Zksksks Ksksk Msmsksl