BTC EW update
BTC USD COMPLETED THE WXY PATTERN, and now forming a pattern with 5 wave upside on first leg, which opens up more than one opportunity, like ABC- zigzag, LD first wave 1-3 have formed under this, it can be LD as well, it can 1-1-1 ew combination as well, it will interesting to see what folds out.
Options are
1- Abc pattern SZZ-- structure wise ok, fib ext. Was ok.
2- LD- first wave complete,third in under going, 1st wave is long, 3rd wave is less than 161,
3- 1-2,1-2,1-2 sequence of bullish pattern can also be possible, 1-2,1-2,1-2 is also possible, first sequence is done, 2nd is underway.
Price did complete 3rd wave with 100% and retraced forming another, WXY pattern. Now probability of SZZ is complete but no big fall hints that is could be other two patterns, so long the position .
Options are
1- Abc pattern SZZ-- structure wise ok, fib ext. Was ok.
2- LD- first wave complete,third in under going, 1st wave is long, 3rd wave is less than 161,
3- 1-2,1-2,1-2 sequence of bullish pattern can also be possible, 1-2,1-2,1-2 is also possible, first sequence is done, 2nd is underway.
Price did complete 3rd wave with 100% and retraced forming another, WXY pattern. Now probability of SZZ is complete but no big fall hints that is could be other two patterns, so long the position .
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