Bitcoin (BTC): Impulse Extension vs H&S for BITFINEX:BTCUSD by Nickonomics

Bitcoin (BTC): Impulse Extension vs H&S

In the previous idea I laid out a plan to go short below 7320 key level. The price didn't go down that much and nothing was triggered. Now ought to consider both the bullish and the bearish scenarios and apply the breakout strategy. The Bull is activated on break of the 7700 crucial resistance. In this case impulse extension is quite probable. Bitcoin Cash setup would be triggered too:

The bear is back in play below 7400. In this case H&S pattern will be active.
Patience is key.

Note

Are we going to close beyond the channel lines this time (at last)?

Note

Current wave interpretation:

Nickonomics

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