TradingView
aman12
Jun 7, 2018 9:36 AM

Bull flag is forming on 1-hour chart. Possible scenarios 

Bitcoin / Tether USDPoloniex

Description

Hi Guy,

There is a Bull flag is forming on the 1-hour chart which means it's going to break out soon. But Volume is my main concern right now because the volume is not confirming it. So There are 2 scenarios right now in my mind if it does not go below 7670-7680, it will possibly heading towards 7900 level for the 5th wave. The second scenario is that it has already completed the 5 waves in which the 5th wave was the truncated wave and now heading towards the 7500-7500 level for the retracement.

These are just my thoughts, not a financial advice.

Comment

So it was the second scenario truncated 5th wave. Anyway Just missed the target with 4-5 USD.
Comments
miladniki
bearish butterfly if BTC hit 781* . plz see my first idea and tell me your idea .thanks
More