New wave cycle! Are we finally breaking the trend line?

20 במאי 2018

The targets that I uploaded yesterday have been reached. If you called my signals and have profited, congratulation! I will keep doing my best to keep you guys updated.
We have bounced around $8,200, which is 0.5 fib level of the wave cycle. The wave structure has been formed as a beautiful 5 wave. Anyone can easily recognize that it is a 5 wave structure which has been a signal for me to expect some more upward movement. Whether this whole structure is part of B wave, or a new impulsive wave, I have set my short-term targets.

Currently, Bitcoin is trying so hard to break the green mid-term down trend line. We might be rejected by this hard resisting line and fall down to $8,050~$8,150 like the chart above. In this case, we should consider the falling wave as sub C-wave.

Please press thumbs-up and follow me.
If you have any question, feel free to ask me through the comment.

20 במאי 2018

הערה

An inverse head and shoulder pattern completed