wstchse
Short

Two plausible scenarios, both being bearish...but how bearish?

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
61 3 1
All analysis is provided on chart
If I may ask, did you use this thing to form the purple support line?
snapshot

Besides that, thanks for the wave analysis, yet I doubt it's just going to halt at 540 for obvious reasons.
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wstchse PRO HerSerenity
Yes, I did. Usually I'm not a fan of counting over shoots, however if you do not count the overshoot it would still put us in a descending triangle. Happy trading.
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Then be informed there's a handful of people that know how to inject false trades into Huobi, that's how the wick was made (around 3780 if I remember correctly). Another example is the 07-18 8:00 candle (up- and downside this time).
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