Bitcoin (BTC): Triangle Development

3. Mai 2018

Bitcoin followed the script yesterday rising to Wave D target zone near 9300:

Wave Pattern
At the moment Wave D top has either been formed, or is close to completion within 9400 range. So, I suggest buying the dip in the 9000-9050 zone (projected Wave E bottom).
Trend & Volatility
Trend indicators are clearly in flat mode. Volatility pattern is very similar to the period of April 21-23, when another Triangle was forming.

I appreciate your support and likes. Remember: trading is easy with eyes closed.

3. Mai 2018

Anmerkung

Triangle is close to invalidation. Still, the bull run may be over and it's time to retrace back to projected Wave E zone for new longs.

3. Mai 2018

Anmerkung

The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open