ProficientForex

Bitcoin: The completion of Triangle pattern in wave 4

BITSTAMP:BTCUSD   Bitcoin
As you can see in the image, the price is in the main wave iii, in sub-waves of the last ascending wave, a Triangle pattern is formed. The price can have progress for the target of $ 53,000.
The 60-minute chart shows the structure of the Triangle Pattern, also the confirmation of the uptrend can be received by crossing the price from the range of 37850. In case the price meets the range of $ 33,850, this analysis will be violated.

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