Short term trade potential.

Short term trade potential.

Why do I think so:

Point B was a . 618 retracement of A.

At point C, after the first green candle out it retraced by .786. . 786 retracement typical targets are XXX, XXX, and XXX

The XXX target stated earlier sits right at the . 618 retracement of B-C

The overthrow of E in the triangle would drop it right down to where the gap is.

Coincidentally… if CD retraces by .618 of BC . Then as we know what the typical . 618 retracement of B-C targets are XXX, XXX and XXX putting E right at the futures gap close.

Also notice the 3 wave nature of each leg, making it a 3-3-3-3-3 Triangle.

As of right now, I don’t want to reveal what typical targets are as they are proprietary information, but feel free to figure them out or contact me if you want to learn $$.

*Note: This does NOT mean BTC is Bullish nor Bearish . I cannot predict the future, I just read what’s in front of me and determine what the high probability moves are. No one is right 100% of the time, make sure you manage your risk correctly.

Published at Sun, 03 Nov 2019 00:27:06 +0000

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