Reversal imanent.
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A closer look inside the 'BERMUDA TRIANGLE'
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This wave 5 coincides with the wave 5 of the bearish wedge in BTC.
I've been on the fence waiting to see if it would be a bull flag or bear wedge.
Looks like we printed a wedge.... down from $9200
I've been on the fence waiting to see if it would be a bull flag or bear wedge.
Looks like we printed a wedge.... down from $9200
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OBSERVATION: Look at the Fib levels on this move up.. will this last one hold for that final wave 5 up?
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I'm still open to the idea that we make a cup & handle and the triangle idea gets blown away. RSI can go to 40 then turn up sharply.
The market is going to get so big this year, just because there was a triangle reversal in 2017, doesn't mean it will repeat.
Keep a close watch.
The market is going to get so big this year, just because there was a triangle reversal in 2017, doesn't mean it will repeat.
Keep a close watch.
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I get the feeling this red triangle is going to get blown out the water.
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I'll post a new chart soon.. There will be a retrace, but not a complete reversal to the trend line.
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This scenario is still a possibility.
In fact, this would be better to have a complete FOMO take down from $1300ish and re-test that bottom trend line sooner rather than later.
Then we can establish big long entry points.
In fact, this would be better to have a complete FOMO take down from $1300ish and re-test that bottom trend line sooner rather than later.
Then we can establish big long entry points.
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Expect the same in volatile trading, those weak handed bulls who positioned themselves a few weeks back that are gloating now, they are going to PANIC!
Be quick and pick those wicks for a long position as this is going to be your last opportunity before MOON.