MagnusTradingGroup
Long

Falling Wedge with 5 Waves Internals Sitting on Support

BTCE:BTCUSD   Bitcoin / Dollar
falling wedge ( bullish ) sitting on longterm resistance that turned to support ( bullish ).
little update.
snapshot
+2 Reply
It didn't come off. No continuation of the wedge and had a false breakout. Would not be surprised if it continued sideways.
-2 Reply
we are sitting on rising wedge top. either we bounce off it here and continue up or do what I described to JasonV.
+2 Reply
MrJozza MagnusTradingGroup
As your update suggests, we had a false breakout above and not the typical bouncing between wedge lines. Embrace the sideways.
-2 Reply
basically this prediction was false.. the price went up. you had a 50% chance of getting that least ;) -- the whole wave concept is bogus imo
-2 Reply
the prediction is 666. the wave count was a suggestion for the internal of the falling wedge which wouldbe ideal. and you are wrong, even if it was a prediction it's not wrong only because we overshot the falling wedge top. there is still a clear wave 4 and a potential wave 5 that we are in as of now. I expect the price to bounce of the falling wedge bottom again, thereby complete the wave 5 and shoot up as predicted.
+1 Reply
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