Scenario 1(in play):
As mentioned in previous analysis BTCUSD may draw potential ABC correction (5-3-5). We are about to continue this patten. Look for another flag on lower time frame (1H) just below broken bigger flag (4H) around 1st,2nd january of 2018.
Scenario 2(bullish):
Buy the breakout of the downtrend trendline
I will adjust Targets as we see what trade we will get.
Trade responsibly.
As mentioned in previous analysis BTCUSD may draw potential ABC correction (5-3-5). We are about to continue this patten. Look for another flag on lower time frame (1H) just below broken bigger flag (4H) around 1st,2nd january of 2018.
Scenario 2(bullish):
Buy the breakout of the downtrend trendline
I will adjust Targets as we see what trade we will get.
Trade responsibly.
Note
First harmonic patterns appear:Note
We are having triangle breakout, so look for a buy on the broken trendline retest around 14200$. Short term targets marked on chart with potential harmonic structure:Trade responsibly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.