It seems that the bitcoin uptrend is over and needs to be corrected, which was shown by breaking the uptrend line.
If it can cross the kumo cloud, it is a confirmation of the downtrend and it can have a pullback to the cloud in the form of wave B and then downturn.
I can see that price moved up yesterday, creating that strong wave 3 up,
overnight the abc down (bull flag on H1) ...
Now i see a confirmation candle, A bullish Trend candle just closed on the H1.
I went long above the h1 of the last h1 candle. On chart you see wave 5 projection
I just looked TESLA stock and two things popped up straight in my face
1. On the Weekly chart I see a Converging Triangle (A wedge if you like, a converging channel if you like)
2. A setup 1 formation which means, I see a Wave 3 and Wave 4 and possible Wave 5 on the horizon.
If I were to invest in tesla it won't be on the Daily chart . this time it will be on...
August Capitulation: Fractal taken from prior capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: The time between the two would be 12 months exactly which is necessary to qualify for long-term capital gains tax in the US Elliot Wave Theory: Remains validated Fibanocci Indicators: Circles, extensions &...
August Capitulation: fractal taken from previous capitulation in March 2020, lines up with the Gann speed fan & prior all-time-high Capitulation > Cycle Top: the time between the two would be 12 months exactly Elliot Wave Theory: validated Fibanocci Indicators: parallel channels, extensions & circles all bring confluence to this exact date & price
EURUSD END OF BEARISH MARKET. ARE THE BULLS READY??
price is presently forming an ending diagonal in wave 5 and this is in support with a divergence...
we only consider buy at the break of the structure