lady_luck
Long

A path to breakout

BITFINEX:BTCUSD   Bitcoin / Dollar
129 1 3
The triangle TL hold.
Also confirmed by a decreasing momentum and volume throughout Wave E.
Both picked up significantly to mark the ending of this wave 4.
There was a clear read of wave (c) and wave c on macd .

Surprisingly PA didn't overshoot the triangle TL, there was no false breakout. to the downside.
Current correction might see a slight retest or throwback close to it.

On this chart :
The green lines are significant resistance, simplified target obtained from previous pivot, fib, retracement and MA.
The purple lines are significant support defined similarly.
lady_luck
9 months ago
*I meant pullback instead of throwback
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out