Get started
pa1rick

BTC on it's way to 3k$

Bitcoin (COINBASE:BTCUSD)  
pa1rick Updated   
COINBASE:BTCUSD   Bitcoin
Trend Analysis
7
1
trendanalysis
I was looking for a bounce from 4000 which would make us a nice H&S pattern, but it seems that the sell pressure is too high.

Please comment.
Comment:
snapshot

There's a descending triangle forming, once it completes BTC is taking us for a ride. Hold on folks.
Comment:
The triangle is now complete and everything proceeds as expected.
Comment:
We have bounced from the 3000$ level as expected, although I believe my wave count to be wrong, I'll post a updated idea soon.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.