My peer traders have informed me that the price action is currently following the chart on FXBTCJPY. (Which explains oddly-off S&R Levels)
(1) This is an assumption that we are currently in a ABC correction to previous downward motivewave.
(2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading) diagonal typically found in Eliott Wave 5
(3) This is not about where you should be bull or not. Based on how the scenario goes, you can trade in accordance with trend.
(4) However, I believe that Grand Cycle wave C is imminent and the price is likely to push down further.
If you have any questions regarding my analysis, please leave the comment on this post.
(1) This is an assumption that we are currently in a ABC correction to previous downward motivewave.
(2) From smaller cycle, I am convinced that we have reached out Wave 5(Up trend) and we are seeing ending(or leading) diagonal typically found in Eliott Wave 5
(3) This is not about where you should be bull or not. Based on how the scenario goes, you can trade in accordance with trend.
(4) However, I believe that Grand Cycle wave C is imminent and the price is likely to push down further.
If you have any questions regarding my analysis, please leave the comment on this post.
註釋
Live Update 1126AM EST 03272018 - Bitcoin forming ending diagonal - End of Y Double Three Correction. We will see from here then.
註釋
Trade on the way註釋
TP #1 7700
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