Alexander_Nikitin

Bitcoin pattern. Evolution

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Alexander_Nikitin Updated   
BITSTAMP:BTCUSD   Bitcoin
Hey, guys. I noticed few more details in the Bitcoin pattern I posted earlier (see related ideas). All previous patterns were winners. The pattern consists of five steps (look at the chart). After step 5 we have a bounce that is at least 80% of move 4 size (sometimes larger:)). I marked them all with blue arrows on the chart. They are the moves that can be easily predicated with the pattern.
Comment:
step 5 (minor consolidation) is often a double top/bottom

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