Where will you be when the music stops

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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MagnusTradingGroup MagnusTradingGroup
Mirandole MagnusTradingGroup
You may wrong.. your ABCD pattern isn't correct man
whats wrong about it
Mirandole MagnusTradingGroup
numbers should be .618 and 1.272 for a "common" ABCD-pattern
thats 1) not correct and 2) most of the time patterns do not play out like they are in the textbook. I've put the C point where I think the break of the bearish pennant occured. this would mean that we would head down to around 380 if CD is as long as AB. however it looks like 400 is strong support. we bounced off 400 in gox dump and its also the 1.5 extention of AB
Mirandole MagnusTradingGroup
Yeah you're right 400 is good support. I agree with you.
I love this title :D
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