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RE: BITCOIN (BTC): BULL FLAG SPOTTED!
Head and shoulders spotted on BTC 15M. A completion of this structure puts around 10.5K. Going to set bids around 102K-10.6K since we are still on a higher TF bull run.
Outstanding topic
This is correct, I had around 10.7K since Fib retracement should be .5 for this wave.
That would two heads and shoulders. Never heard of it.
Yes, plus there are H&S bottoms still in play
I believe greater confidence is with the pattern that jives with Elliott Waves. This is why I've been combining both methods for over 15 years. It's far from perfect but I failed in trying to use just patterns starting in 1997 and failed in trying to just use EW. Then in 2003, combined the two.
The 15 min chart to me shows more a completed and confirmed wedge. A breakout jives well with the next impulse count on EW.
Outstanding topic
Wouldn't this be the correct EW count?
Outstanding topic
Unless it's a leading diagonal, your 3/4 overlap isn't allowed.
Yes, diagonals are common in subwave charting, and trying to locate the final end to C wave. Good call on this one. Channeling ABCD is wild, and really thinking outside the box.