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chapcharts
Dec 17, 2017 12:43 AM

BTCUSD IRREGULAR FLAT PATTERN (BULL TRAP)  Short

Bitcoin / United States DollarCoinbase

Description

The a-b-c irregular flat pattern is expected. The momentum is expecting to wane above 17697. AS of the time of typing this market rose to 17032. A look at the minutes suggest that the most recent high was of the end of wave b and the wave c down now should come underway and market price should find support at 13501 minimum.
We shall keep an eye out for a failed wave c down possibility with a surge afterwards upwards onsetting afterwards.
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