GIVE THIS IDEA A THUMBS UP AND I WLL POST INTRADAY SETUP FOR THIS IDEA ... ANYWAY I AM EXPECTING A LITTLE DOWNTREND BEFORE RALLY.. NO HARD SCIENCE EASY AND SIMPLE
@FxSniper_, That's an odd reply. Did you actually understand what was said.
FxSniper_
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@innocentAccoun35113 i dont think thats dodgy at all since it is only consolidating in range and moving upwards and after a retest this time it is likely to break TL for 14k area
innocentAccoun35113
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@FxSniper_, I concur that'll it'll surpass the target you mentioned and more over the coming months... But not for the wedge reasoning you supplied. You basically fudged the drawing, ignoring the march low so it'll look like a wedge.
You can tell if something is a sort of triangle by using MACD (for example )to confirm.
If you want a technical analysis, at a fleeting glance here's one: Using Elliot wave BTC/USD is currently moving up in a flat B wave structure. Since A was a 3 wave irregular flat structure, it follows B will retrace nearly all but most likely greatly surpass the start of A at 12100. The above scenario is invalidated if 9825 is touched.
This is all just constructive criticism in delivering properTA. Good luck 🤞
FxSniper_
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@innocentAccoun35113, we have reached and surpassed my target. are you still holding shorts ?
innocentAccoun35113
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@FxSniper_, Shorts?! Eh! I'm hodling a couple bitcoin from 4K. Not Forex trading Bitcoin. Have you got me confused me with someone else?