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Abcpattern

BTC it´s going to B targetThis is a zoom of the handle and its possible and total consolidation phase before the breakout. At this point we are on the way to forming B. Once formed, the trend will become bearish to reach the corrective wave C. If we have the knowledge or the luck of knowing that is definitely and finally marked the C, there will be a change of trend and will be the ideal time to get LONG to wave 3. Many traders get long once the price makes the breakout on the neckline. That remains in everyone and the risk they want to run. In short, my humble opinion is that the whole life of the BTC has formed a perfect cup, the retracement that began to form the handle was exactly -0.33%, the volume grew significantly in the handle (as they say the books) What will now be what the destinations will be and in what time will, B and C and form the break to reach the final target (3) Thanks to the followers and likes Nice trading, good profit!
BITSTAMP:BTCUSDLong
by AndresThomasShirakawa
3
ZOOM OF THE HANDLE PATTERN AND BTC UPTRENDThis is a zoom of the handle of the pattern in formation after finishing the cup. Possibly we enter inside a channel by the approach of the Bollingers and then form the wave B (impulsive) with those possible targets. We continue in the fourth and final phase (consolidation) to then correct B with the formation of C (2) and finally break up the resistance level of the handle and go in a bullish and strong direction towards wave 3. Thanks to followers and likes
BLong
by AndresThomasShirakawa
USDJPY might be not bearish ?I got the feeling, USDJPY is seen as short for longterm. Considering monthly timefrime I could imagine, that last sell pressure was kind of reaction to long uptrend. So the sell off might be an ABC correction to EW from year 2012 to 2015. Looking at wave 5 of that EW, where much bullish activity has been and much activity during wave C of ABC correction I could imagine, that USDJPY is not really bearish. I know, this is not useful for trading at the moment, but I would be quite cautious to step into shorts. I painted some levels, that might point to support and resistance zones. Regarding how USDJPY run through that zones on way up and back down, it looks to me like aggressive buys and, as reaction, sells to save profits. For long view I think USDJPY might start another move up. What I like is the geometry of the lines in EW move up and ABC move down. They look quite parallel. This makes the idea more valid to me.
Long
by Subjugal