BITSTAMP:BTCUSD   Bitcoin / Dollar
Leading diagonal for wave 1 of 3 seems to be complete with a truncated 5th wave. LDs are often deeply retraced as you can see. I'm not sure if the correction is "over". It will be obvious once wave 3 or 3 starts.
It's already broken down out of the triangle, so I don't think this is going up just yet.
BTC starting to show signs of weakness
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where is your invalidation point? at what price would you say that your count is wrong?
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Moving below 360 would invalidate his Wave 1 and moving above 387 would invalidate my bearish triangle breakout analysis.

BTC-CNY - Triangle (x2) Breakout?
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Unapologetic_Capitalist PRO Unapologetic_Capitalist
And a move above 377 would invalidate my own Wave 1 down
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Hi User100000 thanks a lot for the 'you are here'! Really great, thank you :-)
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user100000 johnrfraser
i really like your idea. i often get "lost" looking at the market too closely (eg 15min) and make mistakes as a result of forgetting where i am. thanks for this very useful idea
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