Zooming out my BTC chart

OKCOIN:BTCCNY   Bitcoin / Chinese Yuan
566 6
According to my analysis on a day chart we are still into the sideways "mode" (range between 300usd/2000cny and 240usd/1500cny more or less). Peaks might vary as my chart shows because I drew this chart more than one month ago. This is a WXY flat pattern.
Comment: On Oct 30 began the abc correction wave after the first bullish rally (1st impulsive wave). We will probably see 1980-2000 per BTC as max., after this we will continue up, therefore the next "b" wave to 1550 on my chart is invalidated.
Comment: The last update below...
If "c" would be lower than "b" it would be huge HS :D
+1 Reply
Ingemkts oldstout
yeah but remember that the peaks might vary ;) so it could
oldstout oldstout
my mistake, i tought about c lower than a (nov)
Nice one ;)
+1 Reply
Ingemkts morshedul.sazid
Thanks :)
+1 Reply
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