Anybody who thinks this count is easy by all accounts is a master..... which takes me out !
Hidden within is a possible inverse head and shoulders but not confirmed with a strong break above $10980 to confirm.
21 EMA = white line
233 EMA = purple line
If this is a triangle pattern then (2) will...
Most traders would agree I am sure this is a very difficult region to trade, so to say we have found "Equilibrium" for this level would be a fair assumption! Predictions equally from here are very difficult since we are in a "Descending Triangle" formation normally bearish but can also break to the upside.
BTC seems to following the pattern well.
Use the pattern lines as a guide as it is unclear whether we are going to paint a contracting, expanding or regular flat.
Sell now, buy at the bottom of the correction, sell again at the top and wait for cheap BTC below 7k.
Use opportunities like this to gain more coins, dont just hodl, its not good for your health. :p
Again early days and for this pattern(red broken lines) but maybe second valley formed looking for third peak and resolution?
Trade Devil just been there on an impulsive boredom long:-
Result sitting on hands seems to be best trade but holding from lower levels lol
Expectations of a rapid downward move diminished as time goes by and still none the wiser as bitcoin manages to confuse elliott wave counts and patterns, I include myself, until they become obvious!
This pitchfork however has remained constant throughout in meeting the median lines.
- DOUBLE COMBO IN THE TRIANGLE PATTERN
- PRICE FINALLY BROKE OUT AND NOW HAD RETESTED THE BROKEN TRIANGLE PATTERN
- NEW WAVE UP?
- WAVE 1 HAS BEEN MADE, WAVE 2 HAS PULLED BACK TO 61.8% FIB LEVEL, WAVE 3 INCOMING?
Price is corrective towards the top of an descending channel and is forming an expanding triangle. Waiting for corrective price action before taking a short position on a third touch.
First target is 3% followed by a target of 9% to the lower outer structure.