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JayVirtualWorld
May 27, 2018 12:40 AM

BTC about to turn upwards Long

Bitcoin / DollarBitfinex

Description

BTC about to bounce as per my conclusion.

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7144 target touched, lets see if we get a setup for first wave...

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This tiny wave setup is for 2 targets... lets see if this setup fails or finish in 5 waves.

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Invalidate level is 7141

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Previous wave failed to form 5 impulsive waves...
New wave just started and the target of this wave is as below... lets see if this can touch its target, though on 1 minute chart it does but lets see if it can go upto the expected level.

Trade closed: target reached

Comments
Crypto_Mercy
Bouncing after a bear flag?
Crypto_Mercy
Based on what?
JayVirtualWorld
@Miatmisu, its becoming a falling wedge....

JayVirtualWorld
@Miatmisu, You can call it a wedge or a sloping flag, its a sign of reversal.
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