BITCOIN - Potential Bullish Wolfe Wave? (updated from old acct)
Atualizado
Transferring this idea from my old biggullycoin account (I've switched to this one permanently).
I've revised the angle & potential target of line 5 slightly.
There's still the possibility of an Inverse Head & Shoulders as well (see my other idea) so watch out if it starts heading downwards around here and a right shoulder starts to form.
Going below the right shoulder level might mean a double bottom, which would match up with the bottom of the long-term channel pretty nicely.
All scenarios are bullish and I believe we'll be hitting the top of the channel eventually (barring any major bad news, hard forks, etc), it's just a matter of whether or not it wants to retest some lows first!
I've revised the angle & potential target of line 5 slightly.
There's still the possibility of an Inverse Head & Shoulders as well (see my other idea) so watch out if it starts heading downwards around here and a right shoulder starts to form.
Going below the right shoulder level might mean a double bottom, which would match up with the bottom of the long-term channel pretty nicely.
All scenarios are bullish and I believe we'll be hitting the top of the channel eventually (barring any major bad news, hard forks, etc), it's just a matter of whether or not it wants to retest some lows first!
Trade fechado: objetivo atingido
Didn't follow the long leg perfectly but it got there eventually - target reached!Nota
Just updating this for my records to show that this actually did play out across Bitfinex, Bitstamp and Coinbase - but in linear scale (this was originally posted in log scale):
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.