I have pounded the table left and right regarding the downside setups in Bitcoin and Ether. Both, have potential triangles. Yet every time I posted, the triangle lengthened, pushing out in time. I was even wondering over the last week if we were going to break upward, so I was looking at potential bullish setups, but they failed later in the week.
Well, here we are again. On a nano level, which isn't shown, we have another 5 wave move down, and three waves up. That is, price moved impulsively down and only correctively retrace, which is the setup I am looking for. Let's see if we follow through, or again make me put foot in mouth.
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Note none of my work including the larger body of work for subscribers is intended to be a trade recommendation a I do not know your financial means, or risk tolerance. These are valid setups that can provide return, if using tight risk management with stops.
