Bitcoin bulls are doing great but this triangle pattern is indicating that the strength is almost over.
According to Elliot Wave theory, triangle pattern always preceded the last move of a sequence.
In Bitcoin's case, price is making a five-wave impulsive move, so once the last impulse move in wave v is completed we can see a sizeable decline on BTCUSD.
What's your opinion on Bitcoin?
According to Elliot Wave theory, triangle pattern always preceded the last move of a sequence.
In Bitcoin's case, price is making a five-wave impulsive move, so once the last impulse move in wave v is completed we can see a sizeable decline on BTCUSD.
What's your opinion on Bitcoin?
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。