Rising wedge - reversal pattern + fibonacci levels
Komen: Sorry I was mistaken this is not a demand zone, but a supply zone
Komen: Break resistance line

Idea Berkaitan

What do you mean by break resistance line?
+10 Balas
EXCAVO personemail
@personemail, break black resistance line
Balas
Thank for your chart mate; I have similar view.
+4 Balas
@tuamen, Like the pattern!
Balas
@tuamen, yes, exactly my opinion as well. In the long term we have finished corrective wave B and are now entering wave C. First impulse wave (of Wave C) has completed and the first corrective wave (of Wave C) is happening right now. Next up should be the second impulse wave down (wave 3 of Wave C). I still have yet to set a target, but I would assume 3850 is a reasonable first target.
Balas
I just need good entry points for BTC. Should I buy?
Balas
I believe that would be supply zone, no?
+2 Balas
Hi @EXCAVO

I cannot remember if I shared this with you or not. Breaking Today. I believe it's VERY much worth the time listening to it. My opinion. By the way, don't let the title fool you. They discuss financials and economics more so than geopolitics in this 1 hour video. Released October 3, 2017: https://www.youtube.com/watch?v=arJyIOM1cs4
+1 Balas
What's the viewpoint for 3900? Is it possible lowest point or just first target?
Balas
I don't believe it has broken the rising wedge...

If you draw your rising wedge support starting at the bottom of the low on September 22 at $3,515, it will have three points of contact, $3515, $3,631 and now $4,171. It technically just hit the bottom of the rising wedge if you draw it like this and is still within it.
+1 Balas
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