BTC breaks my wedge

in #bitcoin6 years ago (edited)

This can be very good news, or surprise surprise, the beginning of a deeper correction. 5 waves can be counted in the C wave correction on the hourly chart, and although I didn't feel very strongly about calling one of the waves, I most certainly can be wrong! Breaches almost always get squeezed out before they reach the terminal point.
It will be a good sign if after this quick correction we can impulse above the previous wave high to complete wave 5 and reach the H&S target. Still my primary chart:

If not, this is an indication that wave 5 was already completed and we will jump on the roller coaster, and begin channeling lower, for a longer period of time.

Healthy trading and profitable investments,
The Freedom to Be

Legal Disclaimer: The information provided herein is for informational, or entertainment purposes only. I am not providing financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs, and only invest what you are willing to lose.

If you profit from this idea and would like to keep the charts coming, wallets are below:

BTC: 13mG7EsCBB3wK2pQnV4zXqXUXmnVtCbmS6
LTC: LTfKUD4g4zytwbLFsFCJyG6N55xu3mtZYJ
ETH: 0x800fe4a5a75af9034f4982c04bdd4b557dca0f3f
BCC/BCH: 1QmchfEizCkLLweNySkAJmBCJ6zEtfkBB

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