anilmangal

BTCUSD possible leading diagonal in the making.

BITSTAMP:BTCUSD   Bitcoin / Dollar
3245 9 120
This pattern could change ,but for now it looks like an expanding leading diagonal in the making.
Let's see how it develops.
It is now in an up corrective channel .
Comment: The 60 sell setup
snapshot
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Nice
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Gracias por el aporte.
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Hi Anil, In your opinion is there enough liquidity in the Bitcoin market for pattern trading to have relevance? It appears to still be quite sporadic. A bit like tightly held stock.
+1 Reply
Wave pattern is a function of nature so it doesn't depends on how much liquidity you have .
+1 Reply
great setup anil...thanks for the idea!!!!
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anilmangal TOP tupaitrader
You are welcome , hope it helps.
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So now is a good short position? Bitstamp highest 399.85.
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It's always nice to see other traders coming up with similar ideas independently : ]
Bitcoin: A Longterm Outlook
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