Long
Bittorrent Potential Triangle Breakout
Nice triangle pattern here breaking the b-d trendline, momentum looks bullish , strong bottoming fractal , wave-A retraced 61%, waves A + B cover the same amount of time (potential for a very large diametric to develop). Good probability this one has bottomed. I suspect a full retracement of this triangle is coming over the next few months.
A break of the recent low would indicate a much more severe downtrend is going to occur.
A break of the recent low would indicate a much more severe downtrend is going to occur.
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