J.Livermore

Bullish Wolfe Waves Pattern? (falling wedge)

BITSTAMP:BTCUSD   Bitcoin / Dollar
An interesting pattern is in the making. I gave an first draw, the wedges are not so well defined so it's quite difficult to say if they are valid.

All my eyes are on the BTC/CNY             pair because this is the one which leads the market right now.

For any explanations I forward you to the related idea (see below) where the WW pattern is well explained. To make it short: 5 is the spot to buy because price is likely to hit line 1-4 after breaking the wedge .
i'm also long short term; didn't knew that pattern thanks a lot!
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nice patterns. Looks good for the short term
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any idea how to define target?
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Target is along the line 1-4 defined on the WW pattern.
I suggest this read: http://thepatternsite.com/WolfeWaveBull.html
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bearwhale6 J.Livermore
thanks again :)
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Update1: breakout was a bit delayed, but looks like we are heading to 1-4 line.

snapshot
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wow so beautiful!
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Thanks.

I've made 3 others ideas based on the WW patterns. Have a look!

XPD :
Wolf Wave Pattern on All Time High, due for a correction ?

FTSE:
FTSE near highest resistance, easy short and Wolfe Waves Pattern

USDCAD:
Mid-term bearish trend broken by Wolfe Waves Pattern.
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Update2: target 1-4' hit. I remain confident.

snapshot
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