ElroyRyon

BTC UPDATE! BULLFLAG FORMING AND READY FOR WAVE 5!

Short
ElroyRyon Updated   
COINBASE:BTCUSD   Bitcoin
BTC is forming ` bullflag! If BTC can hold the support of the bullflag around 6391, we can see a breakout to the 6575 - 6675 Range!

Happy trading :)
Trade active:
smaller timegrame:
Trade active:
Fall out the of the flag.

Now there is forming a falling wedge, what can lead to the same target!

Trade closed manually:
after a wave 5 has just failed to complete, btc has fallen out of its short term trendline, so wave 5 has been Invalid.

But now BTC has also had its ABC correction and found support on the golden fibonacci level 0.618. In my opinion, we are seeing a rapid rise, also because BTC is over-sold on the 1H chart.

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