This is the elliott wave count I'm working with currently - a complex WXYZ with two contracting triangles.
But take a glance at the two dotted lines and what do you see? For all its complexity this has been nothing but a long contracting triangle wave 4.
Where does it end exactly? - I don't know. Price has moved passed the fib time target. However tightening price bands lead to explosive moves and this correction looks close to rolling off the table.
Next support 17K.
See you there.
But take a glance at the two dotted lines and what do you see? For all its complexity this has been nothing but a long contracting triangle wave 4.
Where does it end exactly? - I don't know. Price has moved passed the fib time target. However tightening price bands lead to explosive moves and this correction looks close to rolling off the table.
Next support 17K.
See you there.
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Price now rejecting from the contracting triangle above. The tighter price action is the more chance it will fall off the table à la BTC 2018 6K.