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ScottCarney
29 Mei 2017 pukul 20.19

BitCoin Bearish AB=CD TYPE-II Continuation  Singkat

Bitcoin / U.S. dollarBitstamp

Huraian

As a followup from earlier, we have now retested the aforementioned patterns with PRZ between 2280-2290 and an exact ABCD @ 2320. (I incorrectly mentioned 2310 in original post.)
Regardless, the Terminal Bar traded as high as 2330 as the price action hit the PRZ.

Remember, harmonic patterns have two reversal classifications :
Type-I = Reaction to 382/618 target. Aggressive/automatic management.
Type-II = Better situation for larger reversals to unfold AFTER FULL RETEST OF ORIGINAL PRZ! Discretionary&automatic management.

Currently, the pattern's Terminal Bar indicates "permissible" overspill rally as high as 2330. The AB=CD completion at 2320 was just triggered on the last hourly bar, ending the "identification phase" and now looking to EXECUTE beyond the Terminal Bar (+1,+5). PRZ levels 2280-2320, stop>2360, profit target1@2025 + profit target1@1900.
But, this IS the absolute point to jump from harmonic pattern to harmonic pattern opportunity.
Komen
CoinMajesty
Still expecting the bottom at 1700 or is it now at 1900?
Lebih