Get started
CryptoTA4U

BTC: A possible short term (next two weeks) bullish scenario

Bitcoin (BITFINEX:BTCUSD)  
CryptoTA4U Updated   
BITFINEX:BTCUSD   Bitcoin
Wave Analysis Trend Analysis Chart Patterns
3
1
waveanalysis trendanalysis chartpattern
Just an idea looking at the waves (and lots of them). I'm not tied to this particular idea, just throwing it out there as one possibility. The alternative as I see it would involve BTC falling through the trendline shortly.
Thoughts?
Trade active:
Zoomed in view of the theoretical wave that would take BTC to around 9500 under the above idea. The current wave would be the B wave of the correction off the recent 5th wave up (and also the D wave as part of an ABCDE triangle).
snapshot
Comment:
Sorry, the current wave would be the E wave of the ABCDE triangle (not the D wave as accidentally stated above).
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.