Short till 550-560

BTCE:BTCUSD   Bitcoin / U.S. Dollar
347 4 8
Short till 550-560, then expecting a bounce to complete the large triangle before the nect major rally (wave 5) see here...
Looks great, I think you could be right!
+1 Reply
SunnyBTC Maddie
Thanks, Maddie!
Althought H&S have a tendancy to not work often in btc in my experience, but we still have other reasons for the double bottom, including EW, 4hr indicators and also 4hr ADX- ramping above the 20 line
+2 Reply
MoonTrader SunnyBTC
Looks like it's not going to work this time, either. It was a nice h&s, tho. Time frame too small.
+1 Reply
SunnyBTC MoonTrader
Fat lady hasn't sung, but yes you could be right... weekly macd just crossed over in red across the board, lets see
+1 Reply
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