BTC update 01.10.17
If this turns out to be an ascending right triangle, 5750$ is the minimum target of this pattern.
But be very careful. Whenever BTC breaks out of this trendline (red paths) on high volume, this is gonna become very painful very fast for the bulls.
Right now I am not favoring the red paths, because the uptrend is strong and we see more and more bullish patterns developing like iSHS and bullish triangles.
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DISCLAIMER: I provide trading ideas using EW and Pattern analysis. The material in this post does not constitute any trading advice whatsoever. This is just the way I see the charts and what my trading ideas are. The author of this post is holding positions in this market at the time of this post.
If you make any trades after reading this post it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Tell me what you think...
Have a nice day :-)
Love this one!! So true
haha very good :)
Bitcoin is bullish at the moment with a lot of momentum. This could change of course but it makes it hard to envision Steem it heading south if BTC is heading north.
I am curious to what your larger EW BTC count is. I see a charge from a few days ago that was obviously for scalping. Do you have a daily or a 4 hr charge on BTC that you use?
5750 is a nice target :-)
it sure is
a new ath would be very welcome
My count is the same as @heajin's. Biggest wave degree wave 4 cannot be called done yet...
I use every chart from 3min to 1week ;-) for my analysis. Mostly I use Bittrex, Poloniex and Kraken charts.
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