Trade-Technique

Flat & Double Zigzag completed but, What about Tripple Zigzag?

Trade-Technique Updated   
BITSTAMP:BTCUSD   Bitcoin
Triple Zigzag correction is a combination or series of three zigzag corrections (three “ABC” cycles) connected by a link wave “x” between every “ABC” cycle and its internal structure is (ABC-x-ABC-x-ABC). Triple Zigzag correction always forms a wedge pattern and that wedge may be triangle or parallel.

This Elliott Wave pattern can give huge profit with minimum risk if you manage to identify before it before a breakout. Triple Zigzag takes a long time to complete and results in long consolidation with range bound volatility.

The Breakout after completion of Triple Zigzag is always aggressive and we see a great aggressive move after the breakout from the pattern. Therefore, if the price is broker upper case will give a huge push or the price can continue moving downward for Tripple Zigzag (Z).

You can see in the chart we have completed (W),(X) and (Y) which is the DOUBLE ZigZag and then, found the Flat Zigzag.

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I
f you want to learn this type of wave counting then, I will try make video or live stream. please, reply in comment section.

Posted first idea at Jan 19 2021
Waves Counting + decisive time for directional of move!
I've perfectly predicted Bitcoin on above analysis


Posted first idea at Jan 25th 2021
EW - Bitcoin, correction in the price expected, PROFIT!
This was very excellent prediction and you understand to counting of waves. (W,X and Y wave zigzag )

Finally, I recognized that, its was not a,b, and c wave but it is the 1 to 5 wave and next day 26 Jan 2021 I have updated again 3000 points target exactly.:
Exactly predicted Bitcoin but Now what?


Comment:
The surged in price was suddenly but i predicted it and traded also and same fall is quickly so, keep profit booking if you follow my posted idea. Its almost 3500 points down from my selling zone.
Trade closed: target reached:
I suggest taking profit 32950 and wait for the next update because this fall was critical. The price has the possibility to take an upward direction without creating (Z). and we can see later this (Z).

I strongly recommended a wait and watch.
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