anilmangal
Long

BTCUSD possible wave count

BITSTAMP:BTCUSD   Bitcoin / Dollar
1380 16 78
The correction took longer than i expected, it now looks like an abc             with a lower level abc             within the b wave.
If the correction is over then this will be an expanding flat.
There is still the possibility for more down side to make a lower low (since the monthly correction may not be over)
wait for the break out to confirm the up move .

I will post possible trade setup on lower time frame
Follow me for more updates. Like and comment .
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Top Stuff!
Reply
Bingo!
Reply
Update on this pair
snapshot
+2 Reply
God job!
Reply
Awesome chart analysis. Thank you Anil
Reply
the first correction starting a the ((A)) could it be a contracting wedge?
+1 Reply
TA doesn't really work on Bitcoin, from my years of cryptocurrencies trading experience. We need some huge news to hit it hard, just like what Greece did 2 months ago.
Reply
Wave patterns are on all charts . News events a often the driving force to move the market but understanding wave patterns would give you a very high probability of forecasting the direction it will go when the news do move it .
+6 Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out