wickassassin

Bitcoin second shoulder is being formed

Long
BITSTAMP:BTCUSD   Bitcoin
If this is the correct wave count for this huge wave C then we should be on the start of the 3 third wave now.

In the bigger picture we see that we're currently in the right shoulder being formed of a head and shoulders pattern.

So there is a possibility that we will have a sharp abc- type of correction after this 5 wave structure towards our target.
Comment:
Target 8850-8950
Comment:

Crossing 55EMA
Attempt to start wave 3.
Comment:
Inverted hammer 45mins spotted.
Trade closed: target reached:
Even though it didn't exactly play out the way I wanted, it did workout eventually

For anyone interested, I have to corrected version here->


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