CRInvestor

2hr BitCoin update - a bit higher still

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
1
As an update to my ongoing harmonic analysis of BTCUSD today I see we are continuing to march our way up into the OTE short ss target ($1044) and what now appears to be a bullish ab=cd harmonic price pattern target ($1154). Last OTE long ss tag was from $685. 2:1 r/r levels have been hit on that long trade so at this point good traders should have gotten fills on their first car on an AOCO basis at around the $950 level and at this point should only be in 'runners' (2nd car) with stops at break even....Man I luv how this little monster has obeyed the natural laws of harmonics.....beautiful.....

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.