BTCUSD - Textbook Irregular Flat
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Textbook! Started at the top with a Ending Diagonal. Finishing at the bottom with an Ending Diagonal
First wave of correction ending soon at 0.5 - 0.618 correction.
Could be up for a new 5 wave impulse or an X for an XYZ combination further down
First wave of correction ending soon at 0.5 - 0.618 correction.
Could be up for a new 5 wave impulse or an X for an XYZ combination further down
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From our friend Mr Elliot and Frost:"Ending diagonal triangles indicate exhaustion of a larger pattern that moved too far too fast. Ending diagonals are usually followed by a quick thrust which retraces to the starting level of the diagonal."
This means that we would expect to see a quick return back up to the start of this, which was 11.5k.
I will now buy back in full when I see the end of this pattern.
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Updates here:
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Further updates here:
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