Bitcoin (BTCUSD): Bullish Case For New All-Time High

2017年10月27日

In my previous idea I warned against selling bitcoin unless it breaks below the key support @5420. I also pointed out that there is still possibility for another all-time high under extended 3rd wave scenario. This scenario is outlined on the chart. The break of $5500 should serve as a stop loss.

2017年10月27日

註釋

Detailed chart:

2017年10月27日

註釋

And the alternate, reversal scenario:

2017年10月29日

註釋

So far, so good. Such a clean entry from the 'Buy Zone'.

2017年10月30日

註釋

Meanwhile, price has hit the main target which is confluence of two pitchforks. I'm not very bullish at this point.