IgorPorokh
Short

everything is clear with BTC

CME:BTC1!   Bitcoin CME Futures
my thoughts before bed what might happen to BTC

Comments

Based on what though? You could have just as easily drawn the arrow headed up. And did you pick 7.8k because of volume support in May/June 2019?
For me, I'd say flip a coin to see if BTC is going lower than 9.1k (we may retest 9.1k before going higher). I don't see a compelling argument to drop to 7.8k unless you just want to make the moon boys cry and give them nightmares. LOL

(Get some sleep and answer it tomorrow).
+5 Reply
Never short dull markets!
+2 Reply
Kool_Keith turingware
@turingware, Yeah, you should have shorted about 1000 points ago...Still, it's not too late...We are going down, chief
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turingware Kool_Keith
@Kool_Keith, I wish I could have :-) but I posted my message at 9800ish, and I am LONG from today's lows. I still think we go higher from here.
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Nothing is ever clear with BTC
+1 Reply
maybe a simple w-formation. lets see ...

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glad that everything is clear
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So you need an ABC To
Complete the picture-:)
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Apologies, I’ll try again!
Agree, however If you believe in Elliot then the 1-5 will be followed by ABC (or a complex correction), so we’re likely in the A wave, could see a recovery (B wave) and then the final dump below bottom of A.
Will be an interesting few weeks! I
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