anilmangal

BTCUSD in a corrective structure

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
3514 10 114
I am posting this on request since I don't trade Bitcoin             .
The details are explained in the charts .


Trade wit care.
it looks like ascending triangle right now, thnx for the chart
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Nice chart!
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Wave patterns for bitcoin! Amazing. Thanks Anil.
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Thanks anil .
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Thanks Anil. You are very generous with your chart analysis.
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Good chart.

I agree with this forecast idea: "Down is still correction for one more up move". If the price first goes down before a new rally that would satisfy both bears who are negative on the price, because of current unresolved fundamental issues (example https://twitter.com/paulvigna/status/710857354775019521) and also satisfy long-term believers and investors who want to buy much more ideally cheaper before the long awaited Bitcoin "block reward halving" event which will reduce the new supply of newly mined BTC by half in 16 weeks (see http://bitcoinclock.com/).
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Nice chart ANiL
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good job. thankyou so much
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this is long term trade ?
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Zohaib_Malik AEDarwish
Yes
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