aburttschell
Long

Double bottom / "W" Pattern forming?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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!
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