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gregotsw
Dec 30, 2017 6:29 PM

BTC/USD AB=CD and Crab, end of downtrend? Long

Bitcoin / DollarBitfinex

Description

Chart looks promising, check. Potential targets near 15k$

Trade active

We are in uptrend now. Wait for correction and get on a uptrend train. Targets near 15k$.

Trade active

Now is a perfect time to join. We have Leonardo Pattern, that's confrmation end of this small correction. We are still in uptrend.

Trade closed: target reached

All targets reached. Check the chart, we can see Leonardo pattern, it suggest downtrend soon. Check my new idea.
Comments
BOB1435
Perfect crab.
terrahigh
should i sell or buy ????
gregotsw
@terrahigh, It's your decision, That is trend change formation. Trend is change for uptrend if this formation is correct.
terrahigh
@gregotsw, so i should not sell if its uptrend. what confirms that this isnt uptrend and still downtrend?
gregotsw
@terrahigh, If D point will exceed down. That will be confirmation for downtrend. Triple or more test of D level also confirm downtrend.
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