J.Livermore

Bullish Wolfe Waves Pattern? (falling wedge)

BITSTAMP:BTCUSD   Bitcoin / U.S. 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 .
Update3: aaand the real target (1-4) hit aswell.



By now, I've no idea what to do from there. Taking profits is quite OK.
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