So I have been trying to make sense of other wave counts that will fit BTCs current position. What do you guys think of this idea? It should play out in the next few days if its happening!
Comment:
Here is my alternative BTC wave count. Seems like the bulls are losing momentum at 11,700!
Trade active:
Wait to see if we bounce off of the 11,095 range support. If that breaks, you could short Wave D to the bottom of the triangle and go long on Wave E (stop loss near D) to see if the bulls can break out up.
If the triangle waves complete, look out below!
If the triangle waves complete, look out below!
Comment:
We'll have to see what happens since the triangles usually go off the ABC/WXY triple three patterns (not exactly showing now on the 1 hour time frame). 3's possibly show on the 12 hour chart though.
www.coinigy.com/s/i/5a9e419b35560/
www.coinigy.com/s/i/5a9e419b35560/
Comment:
This trade has ended. Check my profile for current trades.