High_Altitude_Investing

LONG Bitcoin | What You're Missing in The Chart?!

Long
BITSTAMP:BTCUSD   Bitcoin
1. Big picture market cycle
retraced over 80%

2. Falling wedge pattern & WXYXZ
Elliott wave correction

3. Bullish divergence

4. Volume is back

Bitcoin in the big picture is looking very nice! I would love to see some breakouts though to confirm the potential for upside.

We need to break above horizontal resistance and down trending resistance (of the wedge ) before we confirm a move higher from here.

If support fails I will be watching the $2,300 to $3,000 levels.

Big picture cycles are the ones to focus on! this is where you can have life changing wealth buying dips and selling in new all time highs!

If you are patient instead of being a gambler every 5 minutes the market will reward you accordingly

When others are fearful be greedy and when others are greedy be fearful!

Stay profitable out there folks.


WXYXZ BEFORE THE DROP
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Keeping my eyes peeled
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Nice breakout with good volume
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Update

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