Bitcoin (BTC): Triangle Development

3 May 2018

Bitcoin followed the script yesterday rising to Wave D target zone near 9300:

Wave Pattern
At the moment Wave D top has either been formed, or is close to completion within 9400 range. So, I suggest buying the dip in the 9000-9050 zone (projected Wave E bottom).
Trend & Volatility
Trend indicators are clearly in flat mode. Volatility pattern is very similar to the period of April 21-23, when another Triangle was forming.

I appreciate your support and likes. Remember: trading is easy with eyes closed.

3 May 2018

Not

Triangle is close to invalidation. Still, the bull run may be over and it's time to retrace back to projected Wave E zone for new longs.

3 May 2018

Not

The assumed Triangle wave pattern failed, giving another boost to the bulls. The way to 10k seems to be open