BTCUSD - How to play?
Updated
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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