Most of the time, the strategies that appears simple are the most important ones.
So also in life... Like they say, it is the simple things that matters the most.
The above chart shows btc price action cycle pattern.
For starters this explains how price moves. We know that prices moves in 'impulse and correction' wave-like pattern (for every impulse wave, it is followed by a corresponding correction wave).
Price action on the daily time frame (D1), shows that the current downward movement in the market is now an impulse wave. From the chart, we see a market reversal pattern when a high, higher high and higher low was formed.
You will also notice that after a higher high was formed the next wave which was suppose to be a correction wave changed to an impulse wave. (Reason: when a correction wave drops below the previous impulse wave, it comes an impulse wave and the next wave that forms is a correction wave. This is another way to spot a market reversal).
For me, making the complex things look simple is the key.
Kindly like and follow if you want to get more Forex & crypto signals and analysis from proven and successful simple trading strategies.
So also in life... Like they say, it is the simple things that matters the most.
The above chart shows btc price action cycle pattern.
For starters this explains how price moves. We know that prices moves in 'impulse and correction' wave-like pattern (for every impulse wave, it is followed by a corresponding correction wave).
Price action on the daily time frame (D1), shows that the current downward movement in the market is now an impulse wave. From the chart, we see a market reversal pattern when a high, higher high and higher low was formed.
You will also notice that after a higher high was formed the next wave which was suppose to be a correction wave changed to an impulse wave. (Reason: when a correction wave drops below the previous impulse wave, it comes an impulse wave and the next wave that forms is a correction wave. This is another way to spot a market reversal).
For me, making the complex things look simple is the key.
Kindly like and follow if you want to get more Forex & crypto signals and analysis from proven and successful simple trading strategies.