Wave Analysis - BTCUSD

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Wave Analysis - BTCUSD
It broke through your 5th wave.
@yazeed, Actually it didn't break... I would consider this an extension of position and still moving down towards the downtrend. My personal opinion looking at over 150 charts today.
yazeed starslasher15
@starslasher15, what's your analysis on a very extended timeline of the BTC bullish trend? it seems to me that when it merely touched the bottom, that was the baseline for the bullish trend.
yazeed starslasher15
@starslasher15, Reference:
I agree that it looks rather bearish so far, and one can almost feel an important bulltrap forming before it will retest the previous lows


I see 5 waves there. You're doing it wrong.
NO bears are on rest. Its time for bulls.
+2 Reply
zippi101 SalmanQamar
@SalmanQamar, nope
+6 Reply
SalmanQamar zippi101
@zippi101, Y you thinks so sir?
Very interesting chart, I really like 1-4 triangles, but don't you think the 5500 low on Nov 12 could be a game changer? Otherwise BTC is going to zero lol
+2 Reply
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