Bitcoin completed Waves A and B
Wave A formed a Triangle while Wave B was a Diametric
Wave B formed in less time than Wave A, which is not possible in Flats
And Wave A was a triangle which is possible in a Diametric/Symmetrical
So, Wave C which is currently in progress could itself be a corrective fall and part of a larger Diametric formation on a daily timeframe
Wave A formed a Triangle while Wave B was a Diametric
Wave B formed in less time than Wave A, which is not possible in Flats
And Wave A was a triangle which is possible in a Diametric/Symmetrical
So, Wave C which is currently in progress could itself be a corrective fall and part of a larger Diametric formation on a daily timeframe
Trade closed: target reached
Appx. 5500 points move captured.The fall is also in a diametric formation. From here we could expect an upside move.
Will keep you guys posted on the new wave counts.
HAPPY TRADING!
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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.