YipYip
Long

Can we wait Any Longer ? 255 Target

BITFINEX:BTCUSD   Bitcoin / Dollar
I went down to 5 min charts to find my answer to what has been a difficult sequence :S

SO far we have had 2 textbook 5 wave sequences Up with the ABC retraces ..They only show up on 5 min charts :S

REallY REally CLear on LTF .. I was astonsihed ... as in I hit the long button 100% 20x once i saw it !

(Thanks to joker for helping me do the analysis ) :)

We are about to start what will be the last sequence we are in wave 2 of the last .. great time to get in ;)

As the 3 impulse waves will then make up the 5 waves up on the HTF             ...expect a retrace down to 245 once we hit our 255 target

You will remember the rock of gilbralter of Resistance 256 that has been on my charts the last 26 days (big green line ) As gandalf would say .. "Ye shall Not Pass" Nor will btc this day ;)

If we break 246 the sequence is broken an this is invalid so keep ur             stops tight around this level
mozalin.cranz
2 years ago
The price has been rejected at $255 level four times on 15 minutes chart. Why do think that bulls will go there once more? Is fifth time a charm?
Reply
YipYip PRO mozalin.cranz
2 years ago
I was reading what the TA .. obviously i read it wrong :(
Reply
joehlmann
2 years ago
I can see a triangle
Reply
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