Bitcoin (BTC): Triangle Development

Bitcoin / DollarBitfinex

Описание

⋅ 3 мая 2018 г., 07:35

Bitcoin followed the script yesterday rising to Wave D target zone near 9300:

Wave Pattern
At the moment Wave D top has either been formed, or is close to completion within 9400 range. So, I suggest buying the dip in the 9000-9050 zone (projected Wave E bottom).
Trend & Volatility
Trend indicators are clearly in flat mode. Volatility pattern is very similar to the period of April 21-23, when another Triangle was forming.

I appreciate your support and likes. Remember: trading is easy with eyes closed.

Комментарий

⋅ 3 мая 2018 г., 14:38

Triangle is close to invalidation. Still, the bull run may be over and it's time to retrace back to projected Wave E zone for new longs.

Комментарий

⋅ 3 мая 2018 г., 20:28

The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open

Комментарии

Xanthus

⋅ 3 мая 2018 г., 14:58

Can you elaborate a bit on why this triangle is now invalid? Is it because there was a breakout and it got rejected (fake-out)?

Nickonomics

⋅ 3 мая 2018 г., 15:09

@Xanthus, It cannot be counted as Triangle if 9565 is crossed.

Xanthus

⋅ 3 мая 2018 г., 15:19

@Nickonomics, Not sure what you mean with that, isn't this a breakout of the triangle meaning we continue our upwards trend?

Nickonomics

⋅ 3 мая 2018 г., 15:22

@Xanthus, Triangle is not invalidated yet. This means price can still retrace to the broken trendline.

JoshThomas04

⋅ 3 мая 2018 г., 15:21

@Nickonomics, Are you saying that we REQUIRE wave e for it to be considered a triangle?

Nickonomics

⋅ 3 мая 2018 г., 16:25

@JoshThomas04, Absolutely. We're speaking about Wave Triangle, mind that.

MovingWater

⋅ 3 мая 2018 г., 16:07

bull trap- hold on

cardan6006

⋅ 3 мая 2018 г., 14:37

moon?

Nickonomics

⋅ 3 мая 2018 г., 14:43

@cardan6006, Not quite. Stratosphere for now.

Yuriy-T

⋅ 4 мая 2018 г., 09:48

Not a bad script for a movie about uncle Eliot.

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