FX Bitcoin / YenMis à jour 3/25/2018 BTC(FXBTCJPY) Analysis
My peer traders have informed me that the price action is currently following the chart on FXBTCJPY. (Which explains oddly-off S&R Levels)
(1) This is an assumption that we are currently in a ABC correction to previous downward motivewave.
(2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading) diagonal typically found in Eliott Wave 5
(3) This is not about where you should be bull or not. Based on how the scenario goes, you can trade in accordance with trend.
(4) However, I believe that Grand Cycle wave C is imminent and the price is likely to push down further.
If you have any questions regarding my analysis, please leave the comment on this post.
(1) This is an assumption that we are currently in a ABC correction to previous downward motivewave.
(2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading) diagonal typically found in Eliott Wave 5
(3) This is not about where you should be bull or not. Based on how the scenario goes, you can trade in accordance with trend.
(4) However, I believe that Grand Cycle wave C is imminent and the price is likely to push down further.
If you have any questions regarding my analysis, please leave the comment on this post.
Note
Live Update 1126AM EST 03272018 - Bitcoin forming ending diagonal - End of Y Double Three Correction. We will see from here then.
Note
Trade on the wayNote
TP #1 7700
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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.