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DowBits
Jul 23, 2017 2:06 PM

BTCUSDT Wave (5) Structure  Short

Bitcoin / Tether USDPoloniex

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POLONIEX:BTCUSDT

The wave (5) structure looks complete with further 5 subdivisions however the upward channel still intact as I am writing. Breakdown of the channel will further confirm if Wave A had been started while breakdown above 2913 will negate this scenario. Another alternate is that wave (iv) is not complete and forming a triangle which will end up with an upward push to towards the recent highs.
Key to watch the channel line and upward resistance at 2913.
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