This is a strong possibility that waves 2 ,E and 5 are almost done. The trend line has been supporting it from 10-2017 and should continue to support we may have a lower wick once we reach the support line but then we should start bullish wave 3. I'm not sure on the future time line for waves 3,4 and 5 if someone can improve on that it would be great. If this has been helpful please copy and share with others.I think that this is good news. ETH, BCH and LTC have a similiar pattern. Have a blessed day.
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Trade active
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Do to lack of volume bottom support line on triangle will probably come down to around 62k to finish wave https://E.https://www.tradingview.com/chart/BTCUSD/a0bQoxnR-ARE-YOU-DOUBTFUL-FEARFUL-AND-DISCOURAGED-WITH-BTC-THERE-IS-HOPE/
we may break out now where it has met the upper line
hpombo
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@stellarbruh, THAT IS POSSIBLE. AT WAVE D IT TRIED FOR SEVERAL DAYS WITH MORE VOLUME BUT IT COULDN'T AND WE HAD TO DROP WE ARE FACING THE SAME AT WAVE 4 IT WOULD BE EASIER TO DROP AND FINISH AT THE TRIANGLE APEX THERE WILL BE GREATER VOLUME AND THE BEGINNING OF BULLISH WAVE 3. RIGHT NOW THAT SEEMS TO ME TO BE THE BEST SCENARIO.
riverojw
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In a stock market, price doesn't go just by technical analysis... Look at the fundamentals. BTC is getting a lot stronger than ever since it's born this June.
Consider the cost of mining also. That had been driven up as of yesterday and 7600 must be close to bottom in a big picture.
Feelx87
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Funny... triangles mostly are finished earlier than the edgy edge