ridethepig

Flirting with a break towards the 2017 highs...

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here the market is breaking through the 38.2% like a knife and butter. This is looking very much like a longer term bull trend continuation from a wave perspective with all the signals skewed towards the topside.

Target-wise the next line in the sand comes into play at 13,348 which is the ABC target in the sequence. A break through here will confirm that the move is impulsive and increase the chances of a new high over time (in simple words a wave III).

Best of luck all those enjoying the ride..
Trade closed: target reached: First targets cleared in BTC

Comments

Same vision :D
Reply
ridethepig Cryptalion
@Cryptalion, very good use of fibs ... enjoy your ride
+1 Reply
Very nice, keep it up! @ridethepig
Reply
ridethepig DACapitalTrading
Thanks for the kind words @DACapitalTrading
Reply
Elliot wave is incorrect.
Reply
ridethepig TheRealDemo
Reply
TheRealDemo ridethepig
@ridethepig, your b is formed from a lower high that isnt relevant, and you have ignored 8 years in bitcoin history and punched on a 1 and a 2.
Reply
ridethepig TheRealDemo
Would highly recommend you to dig through the older charts from the archive if you are looking for the full wave count... thanks!

Reply
TheRealDemo ridethepig
@ridethepig, you're missing 2011 sir
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter