TradingView
Ben-jamine_TradeGod_1111
Nov 20, 2016 3:34 PM

5-3-5-3-5 Wave-5 extension with Elongated Triangle Sell set-up.. Short

Bitcoin / British PoundCoinbase

Description

After BTC/GBP rallied from lows of 416 in August, it then decided to show extension properties within wave-5 beginning in October... Recently I'm early November it began to form a Truncated Zig-Zag pattern which was part of the usual triangulation of a wave-5 extension and the completion of a 3 month up move!

Expect shorts to reach a minimum of 0.618%...

530.00 is a Major low resistance point and may be the start of an impulsive move in the trending direction which is Upward currently...

Bitcoin millionaire... I understand...
Comments
Ben-jamine_TradeGod_1111
Here we see the complete pattern from a macro perspective...

Ben-jamine_TradeGod_1111
More