lady_luck

A path to breakout

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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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.

Comments

*I meant pullback instead of throwback
Reply
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