BuyBitcoins
Long

Bitcoin breaking out of consolidation area

OKCOIN:BTCUSD   Bitcoin / Dollar
An ABCDE correction that looks to be breaking out:

Expect to see 380+ soon.

"The ascending and descending triangle wave patterns are seen as a region of horizontal price movement, which represent a period of consolidation of a prior upside move or downside move, before the price of the asset continues in the direction of the initial move."
Well that didnt work out did it?
+1 Reply
BuyBitcoins AlexTrade
Correct, stop loss it was.
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http://blog.forex4you.com/wp-content/uploads/2014/01/convergent-Elliot-waves.png
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