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MonetaryRebel
2 mai 2021 15:14

Possible 1-2 1-2 in progress Long

BITSTAMP:BTCUSD120
Bitcoin / U.S. dollarBitstamp

Description

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An extension above 58-59k would confirm this and a break below 52-53k would invalidate this.

A 1-2 1-2 many times displays the same look and breakdown of subways and corrections in the first and second 1-2's.
Trend AnalysisChart PatternsWave AnalysisBTCBTCUSDBitcoin (Cryptocurrency)cypto
Commentaires
candlered
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Totally agree, I have almost the same idea
MonetaryRebel
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@candlered, Right? I was looking at it like can that be an ABC? But the ratio's to each other aren't really close to equal and they look like fractals of each other.
Then I started looking into it and 1-2 1-2's are supposed to be like fractals of each other since the second one is like an extended projection of the first happening again.
Freaking COOL. Like both the wave 2's should look similar, cause if they are alternating (zig zag vs. flat) it indicates the second is probably a wave 4.
candlered
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@Evdog9000, I'm starting to agree with you more and more, let's see if we can get past 56,000
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