BitcoinLong
Potential Long on XBTUSD : Using EW, Trendline, Inverse H & S
On XBTUSD Daily chart:
1. Potential ABC wave, targeting 4700 if (C) goes 100% of (A)
Still learning EW though, I cannot find good breakdown of (1), (3), (5) into sub 5 waves. If someone can throw more light, I'll be grateful
2. Trendline Support
3. Inverse Head and Shoulders, targeting 5500 if complete height of Head is achieved
4. Bullish Divergence on Stoch RSI
Both EW and Inverse H&S target prices around previous market structures, hence giving some more credibility.
Not Investment Advice.
1. Potential ABC wave, targeting 4700 if (C) goes 100% of (A)
Still learning EW though, I cannot find good breakdown of (1), (3), (5) into sub 5 waves. If someone can throw more light, I'll be grateful
2. Trendline Support
3. Inverse Head and Shoulders, targeting 5500 if complete height of Head is achieved
4. Bullish Divergence on Stoch RSI
Both EW and Inverse H&S target prices around previous market structures, hence giving some more credibility.
Not Investment Advice.
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