chebner
Long

The right pocket for you to pocket...

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We are reaching a critical point for BTCUSD             . If we assume (as I do) that we have completed the first wave up and are currently retracing into the 2 Wave there are several levels that would provide a good entry. The majority of Wave 2 corrective structures retraces to a .5 to .618 level - therefore providing us with a great entry to shoot for at least a 1 / 1 of the full wave 1 but more likely a 1.618 upward target for Wave 3.

A potential stop would be offered by a overcorrection of the .618 to sub 8k USD levels.

Please do your own analysis before entering any trades. Good Luck!
Comment: Trade active - monitoring sl approx 7850
Comment: Trade closed after running into le stop sub .65 Fib level. Next thing to watch is the .786

Gl everyone :)
close enaugh
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