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joe2411

BTCUSD Dont panic just yet - POTENTIAL BULLISH CYPHER

Long
Bitcoin (BITSTAMP:BTCUSD)  
joe2411 Updated   
BITSTAMP:BTCUSD   Bitcoin
Harmonic Patterns Trend Analysis Wave Analysis
6
2
harmonicpatterns trendanalysis waveanalysis
BTCUSD,... dont panic just yet, since noticing a otential Cypher on Ripple i wanted to reassess BTCUSD and see whether it could also have a similar pattern, guess what, Wave B to the dot touched 168Fib ext and reversed showing a strong sign of a bullish pattern. Last leg of Cypher coincides perfectly with out previous trendline and looking for a strong bounce right to top. I dont see the last low being broken and in fact if this tests the low and reverses, that last low could be the final one. HOLD ON!!
Comment:
Perfect bounce right on D leg. might get one more test just under D leg but shouldnt break the low.bull bar looking good. lets het thus impulse up, smakl pullback and some volume! could this be the double bottom?
Comment:
Nice divergence on 1hr showing bears losing momentum. getting close to the reversals. Btc looking good
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