jthrasher

Bitcoin daily macro view. Possible diamond reversal structure?

jthrasher Mis à jour   
BITFINEX:BTCUSD   Bitcoin
A lot going on in the chart, and could have illustrated a lot more smaller patterns, but gives a good look at our current market structure imo. I personally feel like we will grind up a bit more but we could still go considerably lower and maintain technically bullish overall market structure.
Commentaire:
tagged the channel median line and got a strong reaction. That's a bullish look imo
Commentaire:
what I believe is the current wave count on SPX, which means there's a little more up to go before correction. I'd imagine it to be a shallow (.236) correction where bitcoin came back to maybe 7.8ish before another motive cycle up
Commentaire:
I find it pretty interesting that if you extrapolate a measured move from the height of this diamond structure it takes us almost perfectly to last Summer's high

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.