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
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out