EWcycles

Triangle of 4th wave in the 3rd bigger wave

Long
EWcycles Updated   
BITSTAMP:BTCUSD   Bitcoin
I think we have a triangle and the breakout will be bullish. If there´s a false breakout, then it should not go lower than the C wave. If it does so, the idea is invalidated. The triangle resistance is found by taking the longest distance of the triangle.
Comment:
C level hit => invalide

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.