BTC falling wedge update
Update from 
Green trend expected to continue till above the triangle, then face Ichimoku cloud resistance, temporarily drop and move on to retest original Fib. retracement. All while still complying with Elliot Waves and nice Q3 allignment (don't forget about sentiment) :)
Green trend expected to continue till above the triangle, then face Ichimoku cloud resistance, temporarily drop and move on to retest original Fib. retracement. All while still complying with Elliot Waves and nice Q3 allignment (don't forget about sentiment) :)
Transaction en cours
Trade still active: within uptrend or impulse waves there are always corrections of a lower order, this is what we saw happening 6 days ago.We should encounter the Ichimoku cloud at around 7.3-7.5k, followed by a retrace to our currect position at around 6.6-6.7k.
Note
Sooner than expected, we bounced off the Ichimoku cloud. Perfect. Small retrace will follow which could last a few days. Another attempt to break the cloud should follow, and hopefully succeed.Today's run confirms our position in Impulse wave 1, breaking the potential extended 5th correction wave.
I am completely bullish, but we will see red in the coming days.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.