aburttschell

Double bottom / "W" Pattern forming?

Long
BITFINEX:BTCUSD   Bitcoin
Chart speaks for itself. This could be the end of an Elliot Wave and start of an ABC Corrective Wave or perhaps even another Elliot Wave. Obviously not confirmed yet, but if your looking for a solid entry, now could be it. One could set a very conservative stop loss at 7,000. Low risk / High reward IMO. Or something to watch for in the coming days. Thoughts and critiques are welcome. Thanks!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.