Deathcross avoided! Upwards momentum expected soon.
A deathcross is a TA term which describes that bearish momentum is likely to occur whenever the MA 50 crosses the MA 200 from above. We avoided this so called "deathcross" in the 4Hour Chart (for now at least, the MA did not cross).
I think this is the start of an extended wave 5 (light blue). Waiting for confirmation... -> Stay tuned...
.png)
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
#bitcoin #btc #crypto #cryptocurrency #cryptocurrencies #steem #sbd #ethereum #eth #ripple #xrp #bitcoincash #bch #eos #litecoin #ltc #stellar #lumen #xlm #digibyte #dgb #cardano #ada #iota #tether #neo #tron #trx #omg #verge #xvg #bitshares #bts #nano #monero #xmr #dash #ethereumclassic #nem #binance #binancecoin #vechain #tezos #omisego #steemit #money #life #altcoin #altcoins #trading #investing #investment #investments #forex #forextrading #market #finance #gold #silver #commodity #commodities #stock #stocktrading #stockmarket #facebook #fb #apple #aapl #spx #xau #xag #usdjpy #usd #amazon #amzn
Updates will only be posted on HIVE !!!
This is my count and I also think we are at the beginning of an extended 5
Nice, but this only would work as a triple flat, but the last one is not a flat in my opinion. Also triple flats are rare. I have never seen such a big one in BTC.
Considering your count I would say it is much rather a double flat - wave 5 of 3 - Zigzag.
You mean this? it is absolutely possible...
PD. Have you tried projecting the orthodox start and end, of the marked on this graph as "W", in the "Y" wave?
This is yet another count :D flat-x-zigzag. It works, but it does not fit with the big pic very well. Such a huge correction is not expected at this point. As a wave 4 it is too big in price and time to correspond with any of the previous waves 2. Only as another huge wave 2 it would work in my opinion.
After considering all we talked about, I am going with the most obvious count for now which has the right look to it.
Nice extension in green wave 3, followed by a fairly common double flat.
Thank you. Rehived :-)
Congratulations @ew-and-patterns! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
You can view your badges on your board And compare to others on the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @hivebuzz:
Support the HiveBuzz project. Vote for our proposal!
All of these counts gone wrong. Can You adjust 1-2-3-4-5s to a new pattern now? If there is any 🙃
The one I posted last in the comments is still valid. Only blue wave 4 is not located were I painted it. I will update it soon.
At least now I am 90% sure what the count is because as you pointed out, a lot of other counts are invalid now.