[BITCOIN] EW ANALYSIS
Updated
Hello Traders!
We are trying to understand "if and how" the pair could form our harmonic structure (see chart below), and if it will succeed in reaching our setup area. That said, the pair should have completed the first bearish impulsive structure (12345), and if this is correct, we are working on a corrective structure. A strong downward impulse below KEY AREA could confirm the completion of the corrective structure and the start of a new bearish impulsive structure.
HARMONIC STRUCTURE IDEA
(click & play in chart below)
![[BITCOIN] POTENTIAL HARMONIC STRUCTURE](https://s3.tradingview.com/y/ybcTyNQM_mid.png)
BULLISH SETUP AREA
(click & play in chart below)
![[BITCOIN] SIMPLE BULLISH SETUP](https://s3.tradingview.com/3/3hNzfINx_mid.png)
Behind a "simple setup" there is a long and hard work done with passion .... thanks for your support & your Likes!
If you continue to support us, we will post new updates in the section below.
Trade with care!
We are trying to understand "if and how" the pair could form our harmonic structure (see chart below), and if it will succeed in reaching our setup area. That said, the pair should have completed the first bearish impulsive structure (12345), and if this is correct, we are working on a corrective structure. A strong downward impulse below KEY AREA could confirm the completion of the corrective structure and the start of a new bearish impulsive structure.
HARMONIC STRUCTURE IDEA
(click & play in chart below)
BULLISH SETUP AREA
(click & play in chart below)
Behind a "simple setup" there is a long and hard work done with passion .... thanks for your support & your Likes!
If you continue to support us, we will post new updates in the section below.
Trade with care!
Note
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