chessnut

BTCUSD EW analysis. Triangle break UP

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
364 1 3
The triangle across BTC             exchanges has just broken up, unexpected on my part. This means a quick readjustment of the count to be more like DanV's and this breakout gives us some precious info about the next reversal and a short-medium term long scalp. The price should be able to reach at least 250 over the next 48 hours. When we have completed the impulse to the upside, we can be confident of a reversal after some RSI like confirmation because triangles are always terminal moves.
Thanks chessnut. This helped me see what I wasn't seeing before on the shorter time frame.

I think this fits nicely as an A-B(triangle)-C of wave 2 of a final 5 of 5 of a bigger picture A-B-C or W-X-Y.
snapshot
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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