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melssz
Oct 8, 2017 7:41 AM

Setting a target for BTC long position 

Bitcoin / DollarBitfinex

Description

So the Elliott wave shows itself again :p

There was a massive spike and what a surprise, the top was EXACTLY at the 1.618 level (4500). I kinda wished I had my sell order at 4500 simply because it would have been badass to sell at the very top.

However, I think it still has some more steam in it. As the 4th correction wave often doesn't overlap with the 2nd wave, which means that the price shouldn't go below 4425. I will sell around 4550, but also have a stop loss in place to lock in profits.

Good luck! ;)

Trade closed: target reached

Target reached, perfect trade :)
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