BITSTAMP:BTCUSD Bitcoin / Dollar
I published a triangle count for the BTCCNY pairs recently that has not yet broken out sharply to the downside. It seems like they were waiting for as today is showing off a beautiful EW triangle in great form. Wave e is complete, meaning that unless we have an extra wave f and g (probably not) the triangle could erupt violently to the downside at any moment. Targets are 1150 yuan or around $190 USD. Triangles are terminal so I will be looking to take profit at targets.