This is the map I have been using for Bitcoin, it allowed me to buy twice in 2017 to great effect but I have not been able to trade so far in 2018. The map is at an interesting point, I have price in a downward triangle correction for the final part of a 3-way move from the all-time high. The first part of the move lower was a pretty clear A-B-C(blue in brackets), the second part was three clear waves terminating at circled X. This final leg lower has been a protracted move, it looked like an ABCDE triangle with the wave D high just put in place.
I will keep watching but should it make the last leg lower I will be buying.
I will keep watching but should it make the last leg lower I will be buying.
Commentaire:
The map continues to point the way forward, we need solid confirmation before buying Bitcoin but the price has moved into the predicted area