TradingView
zippy1day
Jun 6, 2019 7:08 AM

BTC Elliott Wave Triangle? Long

Bitcoin / U.S. dollarBitstamp

Description

Well the "Diamond Pattern" came within spitting distance of reaching its target!
However, this just may have been part if a larger Elliott Wave Triangle which I originally thought might in play as part of the Wave 4 correction?
If this would be the case the Symmetrical triangle target estimated as break not known exactly would be $10700+
thepatternsite.com/EWTriangleSymmetrical.html
Comments
DACapitalTrading
Great Setup following you now :) , I have a short position running on BTCUSD right now what do you think?
zippy1day
@DACapitalTrading, Good Luck I just don't see shorting a good idea at these levels especially now we put in local double bottom?
More