BITCOIN: Triangular formation...

in bitcoin •  6 years ago 


Remember my post yesterday and my main Two Possibilities ... Should I reconsider those scenarios ? Well, you have always to review and control the Plan, however, I have to say that both possibilities are still valid but one is taking more chances to be correct...

Today, BITCOIN has been drawing a nice Triangular Pattern, One spike up (b), another one down, repeating the same level...(a), (c).

Currently another green candle seems defining the (d)...

Breakage of the triangle usually happens on (e) but it can also happen on (d) as well so, we have to pay attention to the action of Bitcoin at the current level of price... If finally BTC rebounds over the upper line of the triangle, the most likely is that it would repeat "ground" on (e) which would be a test of the Target Support.

If the support acts as so, the 3rd wave up would commence. Remember that the 3rd wave used to be the longest and most profitable...


Published by Toofasteddie

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https://mentormarket.io/toofasteddie/bitcoin-triangular-formation/


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