BTC/USD Don't cry for me I'm already dead

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Just practicing my correction analysis on bitcoin (which is such a struggle to analyse), anyway i think i came up with a plausible count for a symmetrical triangle in a bear market situation. Sub-wave counts are a bit ambiguous but that is their nature sometimes. Not making any predictions just wanted to get thoughts on my analysis. However if the count is correct we can expect a lower high before what is hopefully the last break to the downside between 7-8k where the magical 0.618 fib lies.
Trade active: Looks like we didn't get to complete the e wave down to 8k we go.
Trade active: Bounced right off that fib depending on your exchange with lovely volume. Watch for a bull trap and wait for confirmation of a reversal.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out