PipEze

BTC - Reciprocal AB=CD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC is creating Reciprocal AB=CD pattern

What we have :
AB to C - fib 1.414

What we need :
BC to D - 0.707

Once we cross red line ( price move has to be confirmed ) BTC should go to point D without problems.

Point D is a reversal point so expect back to uptrend channel .
If BTC move up and exceed point C pattern become invalid.

This information is not a recommendation to buy or sell.

All trolls are welcome to post hateful comments as this helps me to bring my TA to wider audience.
Comment: 0.618 reached few hours ago
Comment: Just to say that uptrend is very strong and we might not reach 0.707 Coinbase already showing massive divergence on 1H and AB=CD presented here was almost touching 1.61 fib at the top and in that case we would need 0.61 to make it complete. 0.61 was reached. I tray to be as accurate as possible and that is the reason why I qualified 1.41 instead of 1.61 as top. From now on I expect trend reversal back to main uptrend
Comment: Just to say that target after completing AB=CD should be 9700. That should be our first stop. From there we will see what chart is presenting. For now if we go up we go to 9700.
And one more thing - amount of people following my TA is 830. I'm doing my best to be as accurate as possible to make trading a pleasure. Amount of likes for this TA is 35. This is something like 4% of my followers rewarding me with LIKE. Likes for me mean more than money here, so please show Your commitment and nest time hit that bloody LIKE button if You find my TA helpful. That way my TA will be available to bigger audience. Thank You in advance.

Comments

Keep it up mate...too bad I can like only once
+1 Reply
Just to say that uptrend is very strong and we might not reach 0.707 Coinbase already showing massive divergence on 1H and AB=CD presented here was almost touching 1.61 fib at the top and in that case we would need 0.61 to make it complete. 0.61 was reached. I tray to be as accurate as possible and that is the reason why I qualified 1.41 instead of 1.61 as top. From now on I expect trend reversal back to main uptrend
+1 Reply
@PipEze, my man how goes it bro?
Reply
PipEze mjtrustme
@mjtrustme, as usual , busy trading
+1 Reply
@PipEze, I imagine you are making a killing shorting BTC. What else is on tbe menu?
Reply
PipEze mjtrustme
@mjtrustme, I closed my shorts 30MIN ago. Plenty on the menu but not published here - no time to follow and update. Just doing BTC as my hobby
+1 Reply
@PipEze, Alright bro I'll let you to it then! Stay sharp and thanks for the semi bullish perspective this time.
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"hit that bloody LIKE button" :D I hear ya! Your followers are worse than mine. They forget to like while busy trading. A ping at the top of each chart would help a lot :)
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PipEze cI8DH
@hkh222, there are people on TV that charge for TA. All I need is LIKE if my TA helps in trading. Funny thing is that people PM me and offer money for TA but cannot press LIKE which cost them nothing.
Reply
Great work! Please keep updating this trade.
Reply
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