DreamBlood

Bitcoin(BTC) - Symmetrical Triangle (Correction over?)

Long
POLONIEX:BTCUSDT   Bitcoin / Tether USD
As we can clearly see, bitcoin is in a symmetrical triangle and the path which it will choose will greatly affect the market. If it does a breakout we can expect reaching 16k and that will be the start of a new 1-5 elliott wave series. If btc will drop out from the triangle we can expect a drop to the 7k. Be ready for both scenarios and manage your portfolio carefully!

If you agree with this chart, don't forget to leave a like and follow for more TA's!

I will answer all questions as fast as I can.
Comment: Update:

Bitcoin fell out from the triangle.
Comment: Update:

Bitcoin hit the long-term support, let's see how it will hold.
Comment: Update:

Reached triangle crash scenario.
Comment: Update:

As expected, btc went up when it reached the crash scenario.
Current resistance - 8800, will release a new chart tomorrow covering bitcoin.

Good luck trading!

Comments

Hi,
Wave C already has 5 subwaves not 3 and correction of BTC is a complex pattern like WXYXZ not a simple ABC.
+1 Reply
MS3IV spsoofbaf
@spsoofbaf, go on? Thanks
+1 Reply
@MS3IV, i think that the first target of btc is 8700
Reply
Niiiiice
Reply
bitcoin at 10k$ is very cheap. we will be see never again
Reply
yay
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out