MAINLY FOR @PRPS , EWs and Pennant formation

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
So I decided to close my longs at 710 instead of 720. I can also see why this is going down now. Still ..... long term bull prospect. Check below for pennant formation 4H.
Comment: Pennant formation
Comment: Just some important guidelines from the pros : The forms for Wave 2 and Wave 4 will alternate. If Wave 2 is a sharp correction, Wave 4 will be a flat correction. When Wave 3 is the longest impulse wave, Wave 5 will approximately equal Wave 1. So I will need to lower my target to the 800 region.

Related Ideas

If you don't lose money then that's a win. I can't take any credit for what the price actually does, obviously, but I hope it goes your way . I can only say that if it does go lower it's because that's where most charts go after a parabolic rise. Followed by a dead cat bounce followed by a longish downtrend. I'd def be a buyer at mid $400's+, but Brexit and Euro wobbles/ BTC 1/2ing have changed the ballgame a bit, so nothing's certain. As I've said before - I'm not a trader, just an investor who sold up in crypto and is sitting on the side looking for a nice buy signal.
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out