mmitkevich

Triangle vs ABC. Just wait for the breakout 50% in cash

BITSTAMP:BTCUSD   Bitcoin
EWA
14
ewa
Well, if 2200 holds it could be good buy below 2300 with 3000+ target.
If not, drop to 1800 is quite possible.

It's rather risky to buy at E wave end at 2300, since it could extend to 1800 and form ABC.
But after confirmed pullback from E end, it could be interesting to buy at wave 2 when triangle would be broken upwards.

So nothing special: waiting for triangle breakout.

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.