Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Beskrivning
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BITFINEX:BTCUSDThe last idea we discussed with you the inverted head and shoulders. It also remains in force, but I would like to introduce you to another scenario. At the moment we have a wedge with a potential exit as up and down. Therefore, the position is selected from the direction in which it will break. But if there are all the waves, the right triangle will hit in the direction of the trend, namely up. We will be watching. If there is a breakthrough of the "triangle", rather than the wedge, we will probably immediately form an uptrend with the goal of 10100-10200. And I would like to say about the medium-term trade. A trend I don't see, we probably in the flat, to analyze it I don't want
Kommentera
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now divergence takes place to be talking about the completion of the wave
Kommentera
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shape boundaries are forming
Kommentera
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formation is still in force, divergence is intensifying
Looks like scenario is in play. Do you consider that if we break wedge there will be no wave E? Also at what indicators you will be looking to see when wave D is completed?
TimurKuspanov
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@mzapasnik, why the not saw your comment. Yes of course I will look at the divergence and maybe join there in short. If we break the wedge down, and this is a breakdown of support, then we will come out with an impulse down and even possibly rewrite the minimum pivot
TimurKuspanov
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@mzapasnik, although I do not recommend to get in short for the wave E, it is always cropped
mzapasnik
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Quick question, can we assume that there is also RSI divergence?
TimurKuspanov
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@mzapasnik, yeah, of course, I usually consider divergences on 15 minute timeframes to determine the end of waves, especially in triangles. I did not dwell on this in this formation