cantestogo
Long

Chart for bull's eyes only

BITFINEX:BTCUSD   Bitcoin / Dollar
179 2 5
Looking at previous uptrend cycle we can see the same pattern repeated like a sort of fractal scheme. It begins with an impulsive wave (blue arrow) an follows a consolidation (green box). At the end of this great cycle follows a big consolidation (orange box), so we can resume the whole uptrend in a big impulsive blue arrow. With the big impulsive wave and the big consolidation the cycle is finished, so follows a correction (red arrow). If a new cycle is beginning we can see that at the moment we have an impulsive wave and a consolidation. The question is: are we in a new bullish cycle? If we are there so the pattern could repeat several times till a new big consolidation at new highs. Time will tell us. Good luck for your trading!
Almost there! Hopefully this chart is correct
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Thanks mate! I hope it's the beginning of the new cycle, so we can earn something! bye
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