shytrader

shytrader

Bullish scenario shown in green. BTC forms a Symmetrical Triangle and goes up. Bearish scenario shown in red. Rising wedge plays out, and BTC continues its venture down.

shytrader

Currently price consolidating in a symmetrical triangle, before 5th wave. Then expect a correction, target for C is 0.618 fib.

shytrader Updated 

Seems very triangular, target for E wave around 0.786 fib (7170) Then Liftoff

shytrader

BTC is making a nice rising wedge and so far any attempts to break the bottom support didnt work. Counting the waves, BTC just finished a wave 4 out of 5 of a higher degree of trend with the ABC correction. IF bottom support holds - there still a higher high to be had.

shytrader

Rising wedge will break into a falling wedge. Just a guess.

shytrader Updated 

After breaking the bear flag (or ascending wedge , w/e), BTC 0.17% decided to consolidate in a symmetrical triangle, before making another leap up. Most of the time price goes all the way (ABCDE) before breaking out, but keep in mind what it could breakout after reaching D and not go for the E.

shytrader Updated 

It does look like it.

shytrader Updated 

1st possibility (cyan): We bounce from 1st support and break the upper resistance line. 2nd possibility (my primary, yellow): We gonna see a bounce from 1st support and another attempt to break the resistance. I think its gonna fail and fall down to 2nd support as bitcoin rises, and LTC is unable to keep up with it. Then there will be a second bounce from 2nd...

shytrader Updated 

Thats what i see. We could take either way, but MACD suggests lower low, and if we do so, we could form a falling wedge.

shytrader

BTC could form a falling wedge

shytrader Updated 

NEM is showing us ABC correction in form of a falling wedge. Daily MACD oversold, and we are near the bottom at the moment. Seems like a good buy opportunity.