BTC or BITX

W

wxytrader

(I don't know if this should be in the crypto or trading forum.)

Well we broke the triangle and are now completing the ABC correction. :)
upload_2024-4-16_5-4-36.png

This is just the basic labelling. You can see the full TA and projection here:

https://community.shareyourcharts.com/t/btcusd/21/2?u=darthtrader
 
There is no ABC abc 123 correction / continuation.

Full explanation here:

price is moving sideways in whatever manner/fashion/pattern.
You could widen the rectangle vertically if you want to.


upload_2024-4-16_20-12-15.png
 
maxinger said:
There is no ABC abc 123 correction / continuation.

Full explanation here:

price is moving sideways in whatever manner/fashion/pattern.
You could widen the rectangle vertically if you want to.


View attachment 338383
More...

That's hardly a full explanation...all you've done is put a rectangle around it :)
I explained in the link what happened, why, and where it could be going.
 
wxytrader said:
That's hardly a full explanation...all you've done is put a rectangle around it :)
I explained in the link what happened, why, and where it could be going.
More...


Good point.
That's how I analyze; simple rectangle thing vs
ABC 123 abc xyz with rays and Gatley butterfly and arcs and lines and fibo there and there thing.

I drew those
ABC 123 abc xyz with rays and Gatley butterfly and arcs and lines and fibo there and there about 3 decades ago.
I have since cleansed my mind from those things.

Happy using Elliott's theory and those rays and fibos.
 
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maxinger said:
Good point.
That's how I analyze; simple rectangle thing vs
ABC 123 abc xyz with rays and Gatley butterfly and arcs and lines and fibo there and there thing.

I drew those
ABC 123 abc xyz with rays and Gatley butterfly and arcs and lines and fibo there and there about 3 decades ago.
I have since cleansed my mind from those things.

Happy using Elliott's theory and those rays and fibos.
More...

Hey I don't only do EW! It is the most effective form of TA imo :)
 
padutrader said:
yes

trangles become rectangles and rectangles become diamond.

if you want to trade short term you need to understand probability not bloody fib /elliot or gann or order flow
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Probability of what? How short term? I didn't see you posting any charts with your projections. None of you do because you don't have a clue how to chart, so you don't have a clue how to trade. :)

upload_2024-4-16_6-47-20.png
 
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