BitViewEU

Double three with oversold conditions on the higher timeframes

Long
BITSTAMP:BTCUSD   Bitcoin
For #bitcoin we're facing the end of an double three (WXY) structure ending with a barrier triangle. The E-wave is finishing. This together with oversold RSI situations on the higher time frames is opening up a bullish expectation. As the 'double three' is probably the fourth wave of a higher degree, the move up can be the fifth whereafter I expect a correction down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.