chessnut

BTCCNY EW analysis - Clear triangle formation

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
338 2 1
The BTCCNY             pair has gifted us a clear triangle count, detected early unfolding in 3's. This fits well here because triangles are terminal moves, they occur in position iv and b only. This is likely iv of C, or or b of a double zig-zag . I expect this point to be a significant reversal within the larger down trend, as we still more to go down to satisfy bot medium and longer term counts.
It seems to be aiming at around 1580-1600 currently.

Scalp long, hold short.
woops.... broke wrong way eh
+1 Reply
kumarz chessnut
heheh ... bad luck, u had a 50/50 chance :D
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