Bitcoin big move is around the corner...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoins is forming this descending triangle for 3 months.

From EW perspective Bitcoin is making a ABCDE pattern for this triangle in a big time frame (weekly chart)

Now BTC is forming again a inverted H&S pattern is bullish signal.

But the most important factor to see this pattern playing out is the volume in my personal opinion.

So, I don't see the volume increasing.

BTC is forming in smaller time frame a raising wedge ( bearish pattern ).

Weekly Stoch is forming big sell signal.

As you can see for now BTC has mixed signals

I will wait for the monthly close candle and the break out.

But I am more bearish than bullish .

Why? Because the lack of volume for this pattern (Inverted H&S ) is very low.

But no bias If btc breaks 4165 the next resistance will be 4269 if btc breaks that resistance my targets are :

T1 4270
T2 4420
T3 4600
T4 4900

for downside:
T1 4040
T2 3900
T3 3780
T4 3650

Apr 02
Trade closed: target reached: Btc reached all the targets... in my bigger count this is an ABC correction this last pump should be C
I love trading!


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