zippy1day
Long

Throwback Stair & Elevator or not?

OKCOIN:BTCUSD3M   Bitcoin / Dollar Forward 3 Months
145 0 2
This is how I see it and not a trend reversal. Of course I could be wrong, but after Stair & Elevator 61.8 per cent retracement Throwback/Pullback resulting from a denial of the Rising Wedge shown by broken yellow lines. Usually this pattern corrects below the lower broken yellow line but because it has corrected now I believe we are still in a Bull trend so will continue up with first targets $850 ~ $900 and then $1000+
Comment: Probably first target higher getting transposed spot ~ so $900 ~$930
Comment: S2 Fib Support more realistic target short term!
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