Bitcoin (BTCUSD): Bullish Case For New All-Time High

27 thg 10, 2017

In my previous idea I warned against selling bitcoin unless it breaks below the key support @5420. I also pointed out that there is still possibility for another all-time high under extended 3rd wave scenario. This scenario is outlined on the chart. The break of $5500 should serve as a stop loss.

27 thg 10, 2017

Ghi chú

Detailed chart:

27 thg 10, 2017

Ghi chú

And the alternate, reversal scenario:

29 thg 10, 2017

Ghi chú

So far, so good. Such a clean entry from the 'Buy Zone'.

30 thg 10, 2017

Ghi chú

Meanwhile, price has hit the main target which is confluence of two pitchforks. I'm not very bullish at this point.