JimFred
Long

5th arc about to be hit from 2014 high

KRAKEN:XBTUSD   XBT / USD
247 views
12
247 0
This is a 8 hr chart with bear setup from the 2014 high. As you can see we are ~ 1 week from hitting the 5th arc. The5th arc USUALLY puts an end to a setup. In this case though, note that the triangle from the 2015 high is almost impossible to compress further. It will break out one way or the other SOON.

Given the 5th arc's proximity, my guess is that the break will be up.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out