SRVgroup

BTCUSD Waves. Under the microscope. (18.06.2018)

BITFINEX:BTCUSD   Bitcoin
Hello.

Returned to the original version with a triangle, but with a possible reassembly.

1) Going down, everything is clear: the wave (iv)-red is completed (alternatively, it is already completed - orange) and plunges farther down.

There is a nuance: 5 wave can be like a simple quick impulse (relevant news background may appeare), as well as a long saw in the form of a final diagonal triangle of triples - the approximate boundaries are indicated in orange.

2) Goes up.

The exponential growth in shorts, and reduced longs.
We think, the "downstairs" scenario is not the most realistic, and it's time for the medterm structure to descend, the supposed triangle in the wave (iv)-red can be great to get out sideways with goals below 6000.

It is very real to get a "turn-up" triangle with an upwards exit, which will confirm the beginning of the correctional model within the framework of medterm movements.

As a result, someone will find the picture blurry, but in it you can find something beautiful, and at a certain time profitable. The main thing is to look more closely and take the right actions. You can try to play triangles on breakdown, while searching for a bottom is an individual matter :)
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