btcusd downtrend correction - break or continue

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
238 12 8
sideways move looks corrective - will need to break out.. or one more drop in the correction..
looking more like sell set up coming on break of upside channel - may be soon

daily structure and 240 are looking way more corrective for downside -- spike I was looking for is not going.. may want to take profit here and get out or look for sells soon ..
may look for a deeper pullback to the 382 or 50 fib area and then look for another buy.. lets see..
Interesting chart on this pair for those that are wave (elliott) traders -- we may be looking at formation of an Expanding Diagonal structure and there was a nice triangle for the continuation pattern to upside we can see before. These structures are looking very nice for those that follow EWT.
if you got this add on - get to break even now -- beware of possible 3 wave more complex correction -
getting a 60 min flag to add on to buy.. do not think it is ready to go yet.. so watch it..
Nice chart. Happy it broke to upside! :)
remember on the daily we are looking for another impulse up.. target may be around the 800 area..
docholliday docholliday
so dont worry if not in yet.. there will be a way to get in, is this the start of that impulse? looks promising..
hope some of you got this! Moving stops into profit -- if you are not in at this point, wait for a correction/ consolidation before the next buy! Happy trading!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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
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