BITFINEX:BTCUSD   Bitcoin / Dollar
873 6 8
So we have come to the end of the sequence on both a HTF             (higher Time Frame (TAN Retrace Line/ Impulse not on chart)) & LTF (Lower Time Frame (Purple Impulse / (Maroon/Red) Retrace)) and we are looking to close out the retrace (on both)

We just completed the ABC retrace to 254.6 on the LTF which in turn created the A leg on our HTF            

We are now in the B leg of the HTF             ABC and looking to complete the C leg on the HTF             (very long & boring as we build up power for C leg push up )

Wave C or The Hammer C or MC             Hammer Time as I like to call it ;) will smash through the major resistance line (Big Greeen line that has been on my charts for the last 20 days ... it was 300+ coinz if we stayed above this line but we didnt ;) as u know and now it is S/R)

So look to see 260+ as MC             Hammer does his thing and this will complete the sequence both on LTF & HTF            

Then is downtown to china town express service as we Target 220+ in a IMPULSE leg DOWN (We need to go up to go down :D )

Check my previous charts (in sequence) to see how we got here for the last 20 days Im sure you will enjoy watching the clarity of my analysis

UPDATE : I got the time propotions wrong so dont expect 265 this sequence here we are now for the HTF            

Well done. Good chart
ty ..lets crack 255 and we r on to 260+ rocketship ;)
if it couldnt break up, maybe ~210 first?
YipYip jangseohee
i think we need to go a little lower as in wave b .. it may be shallow i.e 246-8 and then we should get the impulse upto 260+ ;)
+1 Reply
nearly did it
I think 210 will come soon
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out