mmitkevich

Watch classic triangle breakout

BITSTAMP:BTCUSD   Bitcoin / Dollar
366 2 11
If breaks up, I would probably close my shorts in favor of wave (5) to 2100-2400 area. Probably it would be wiser to wait for next low to be sure that it is not false breakout

If breaks down, we could go to 1300- because wave (C) will be some kind of impulse and its (i) wave is large enough.

Currently I accumulate shorts because we're in the top area of triangle so have good prices to short. But be ready to close shorts with tight stop because bull breakout would be huge (if it will)

Personally, I think that larger correction would give btcusd             more healthy growth.
Kommentar: breaked up.
i see many lines , no tringle. XD
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mmitkevich richman1111
triangle is ABCDE.
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