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AndresThomasShirakawa
Jan 25, 2017 3:02 AM

BTC continues to consolidate, on the way to a perfect call!!! Long

Bitcoin / DollarBitfinex

Description


Nothing is more difficult than to make a good count inside a handle and try to identify the waves correctly (especially with a BTC like the one we have lately), so I went to my old Elliot teacher. The B wave was formed a few days ago and now we are on our way to C.
All within the consolidation phase. The BTC is on its way to retesting the 780/700 range (-25%) ideal for getting long or how other traders wait for it to break the neckline of the cup.
I apologize for the comings and goings of the charts, but welcome to Bitcoin.
The only thing certain is that the whole life of the BTC formed a perfect cup and handle pattern, a perfect retracement, an increase in volume in the perfect handle and now what would be missing is most important to identify C to get LONG.
100% TA
0% FA on this chart

Good trading, good profit for all!

Comment

Comments
Madofff
Beautiful !!!!
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