Bitcoin
Short
Updated

Coming back to the last triangle breakout

272
We have had lately plenty of triangles. More often then not the price will eventually come back close to the origin of a breakout.


Note
Took longer time then expected.

If the current move down will morph into the 5 waves, we are on a good way to reach the stated target:
snapshot
Trade closed: stop reached
The correction was over before reaching the last origin of the triangle.

Looks like we will have to visit this level later, after the complete advance in BTC is over.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.