Incoming W pattern
With this idea I wanna bring attention to a possible W pattern playing out in the Bitcoin chart. I am currently short from 6950$ and looking for a bounce around the 5500$ range. W patterns are very common in a Bitcoin bear market, as you can find them in:
April '14
October '14
February '15
It's still too soon to say though, but if we go towards 5500$ I am looking to catch a long and ride it to the daily 100 and 200 MAs at around 8000$.
Good luck to everyone involved!
chrzky
April '14
October '14
February '15
It's still too soon to say though, but if we go towards 5500$ I am looking to catch a long and ride it to the daily 100 and 200 MAs at around 8000$.
Good luck to everyone involved!
chrzky
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