matthew.khama

BITCOIN: SHORT TRADE TO BELOW $100 IN PROGRESS

Short
BITSTAMP:BTCUSD   Bitcoin
4
As I indicated earlier, my target for wave (2) was the $689 - $699 levels. Bitcoin did touch about $704 level and turned down immediately. Wave (2) therefore appears complete and I now expect a move to below $608 then below $540. You can be short with your SL at $704 and target a move to below $100 soon. I will be updating on the progression of the waves.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.