ASA2001

Bitcoin Triangle

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After the movement of the 4th wave now returning back to higher levels after the drop to $28000, the wave will follow close to the shape of the 2nd wave, in a steep sloping ABC , reaching around $36000. This should indicate that the triangle is successfully following the pattern and we should then have a final reduction to possible figures of around $27500. After this final retracement, price should reach new highs of around 47.5k-52.5k, but could be lower, considering wave 3 in larger time frames was so big.