BitcoinLong
Bitcoin Update
As explained earlier, structure in shade was looking like, LD but it turnout to be WXY and broke below the low of entire LD. Over all pattern turned Higher degree WXY and an inregular correction in 4h Time frame. It looks more complex .
In WXY pattern Y usually is Simple zig zag means two moves to the downside.
1 is complete and it may take some time and make intermediate high and turn lower for another lower low.
Now it has completed the move down and broken the 38% of last move and provided an implusive move which we were expecting case of LD.
In WXY pattern Y usually is Simple zig zag means two moves to the downside.
1 is complete and it may take some time and make intermediate high and turn lower for another lower low.
Now it has completed the move down and broken the 38% of last move and provided an implusive move which we were expecting case of LD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.