So this is confirming my last analysis of the recovering from recent pullback XBTUSD. I am now learning to use elliot waves and can't help but see as part of larger bull trend we have entered the 5 waves moving up and the recent A B C retracement occurring within a falling wedge or channel using the 4hr chart. Of most bull runs we've had they start very similar. An initial 5 wave push up after 4hr golden cross towards golden cross on daily chart, followed by a 3 wave retracement testing the 200MA on 4hr chart before going into full rally mode. Again, I'm just starting out with TA and appreciate all input, any advice or feedback leave a like or comment below. Peace & happy trading - Wolfgang
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.