BTC update 02.06.18
Good news everyone! This is really easy right now.
If 7350$ is not breached, we have a new uptrend. This level is important now. It cannot be wave 2, if it is breached though. Then we have to revaluate. But until then, this is the count:
This is a clear stop level for traders, because it is the invalidation point.
Notice the overshooting wave b? This often occurs in a running flat pattern like this.
The right shoulder of this inverse Head and Shoulders pattern (iSHS) is done now. A yellow wave 2 bounce fits the picture perfectly before this pattern is triggered in yellow wave 3.
.png)
If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
.png)
MUST READ!
DISCLAIMER: This post / analysis serves general information purposes only. I am not, and never will be a financial adviser. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas (from my personal experiences) are. I use chart pattern and Elliott Wave analysis for my trading ideas.
For full disclosure: The author of this post is holding positions in this market at the time of this post. Please conduct your own due diligence, if you plan to copy anyones investment decisions!
If you make any trades or investments after reading this post, it is completely in your own responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept to never hold me accountable for any of your losses.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
#crypto #cryptocurrency #steem #sbd #bitcoin #btc #bch #eos #ethereum #eth #litecoin #ltc #ripple #xrp #stellar #xlm #nano #cardano #ada #vechain #digibyte #dgb #binance #tron #trx #iota #neo #xmr #dash #omg #verge #xvg #bitshares #bts #finance #money #investing
Really hoping it plays out like this. I think you're missing 50k on that chart haha
Perfect! Thank you very much, I had noticed this iHnS, but my only concern now is volumes. We need a wall of green candles to counter the wall of reds that built up between May 21 > 24th
Thanks, great news. So you are again aligned with Haejin :-)
Not exactly, because he counted b as next wave 1, but kinda, yes.
Thanks for sharing - Upvoted!
Thank you for the analysis!
really waiting for that uptrend.we all need this to rise the price the steem value
really waiting for that uptrend.we all need this to rise the price the steem value
Keep up the good work ew-and-patterns. Head on over to find our new summary of different Technical Analysts.