BTC with a combination of a expanded flat and a triangle
Last week, I got an idea about BTC to keep going on the accumulation period and will not easy to come back the uptrend following many serious events in this year (FED, Russia & Ukraine, Inflation, Midterm election...).
But in the old idea, I still got the feeling that it was not right because of some complex waves in Elliot and also on-chain data following CQ.
Yesterday and today, I have been spending more time looking back again, and now it seems to be quite appropriate for combining an expanded flat wave (irregular) and a triangle pattern.
This complex chart belongs to Double Three in Elliot theories. It is a sideways combination of two corrective patterns. I’ve already looked at several corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three. (W-X-Y)
Irregular Flat Wave: From March to July 2021,
Any three a-b-c during July to December 2021
Triangle: From December until now and next months.
I hope this idea can be interesting to BTC traders and holders.
Let's see what happens.
NFA
But in the old idea, I still got the feeling that it was not right because of some complex waves in Elliot and also on-chain data following CQ.
Yesterday and today, I have been spending more time looking back again, and now it seems to be quite appropriate for combining an expanded flat wave (irregular) and a triangle pattern.
This complex chart belongs to Double Three in Elliot theories. It is a sideways combination of two corrective patterns. I’ve already looked at several corrective patterns including zigzag, flat, and triangle. When two of these corrective patterns are combined together, we get a double three. (W-X-Y)
Irregular Flat Wave: From March to July 2021,
Any three a-b-c during July to December 2021
Triangle: From December until now and next months.
I hope this idea can be interesting to BTC traders and holders.
Let's see what happens.
NFA
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.