This is a zoom of the handle and its possible and total consolidation phase before the breakout.
At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal time to get LONG to wave 3.
Many traders get long once the price makes the breakout on the neckline. That remains in everyone and the risk they want to run.
In short, my humble opinion is that the whole life of the BTC has formed a perfect cup, the retracement that began to form the handle was exactly -0.33%, the volume grew significantly in the handle (as they say the books)
What will now be what the destinations will be and in what time will, B and C and form the break to reach the final target (3)
Thanks to the followers and likes
Nice trading, good profit!
At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal time to get LONG to wave 3.
Many traders get long once the price makes the breakout on the neckline. That remains in everyone and the risk they want to run.
In short, my humble opinion is that the whole life of the BTC has formed a perfect cup, the retracement that began to form the handle was exactly -0.33%, the volume grew significantly in the handle (as they say the books)
What will now be what the destinations will be and in what time will, B and C and form the break to reach the final target (3)
Thanks to the followers and likes
Nice trading, good profit!
Kommentera:
Kommentera:
Doing the same with other highs, also forms the pattern and it is possible that B will reach USD 1,280.-
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