BitcoinLong
BTCUSD Triangle wave - end of correction
The basic idea evolved to a 1.0 edition:
Triangle formations usually appear at the end of corrections in a combo like I propose we have here with BTC
We have a WXY combination where X retraced to 382 fib of the December high.
In the triangle we have at the moment a target around 8200, but the (d) wave might fail before reaching target.
There is a probability of a break out at (d) but most likely we will head down and retest 6k before the correction ends.
Good luck trading!
Triangle formations usually appear at the end of corrections in a combo like I propose we have here with BTC
We have a WXY combination where X retraced to 382 fib of the December high.
In the triangle we have at the moment a target around 8200, but the (d) wave might fail before reaching target.
There is a probability of a break out at (d) but most likely we will head down and retest 6k before the correction ends.
Good luck trading!
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