BITCOIN-Wave iv) is a triangle? will break 29560 for wave v) ?
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MARKET COMMENTARY:
1. In my previous trade plan i took it as a,b, and c but seems like 5 wave formation and we are in wave iv) and it could be a triangle as i shown here.
2. If it break the previous low 29560 there is a chances for bounce once it completes the 5 waves as wave a) and b) wave will be a 3 wave structure.
3. First lets finish this wave formation and clear the path then i will update but there is a chance for W) to X) if it didnt break the low 29560...
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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