TradeIndicators

BTC to $2995 Sooner Then We Think?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hope this idea helps!
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BTC is showing all the signs for a $2995 retracement. We have confirmation of this on the 5th Elliot Wave and a confirmation is our opinion on the RSI trend line . We are currently short and are looking for the $2995 price point to be the gold mine of a buying opportunity. We will keep you updated but we think BTC is heading down strong.

Profitable Indicators Used in this Idea:
Auto Support with Resistance Lines - Red and Purple Lines
Relative Strength Index
Elliot Wave (12345)

Enjoy life, enjoy trading!
Travis

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Just thinking .. if you extrapolate the RSI slope into the price slope .... why would you use in the price slope/fall (4.-5.) the angle you do? I know, you use it as a continuation .. however the overal RSI is going through both fall and rise and fall and rise and you connect two highs.
As such I think the final 4.-5. slope should be more lenient.. the same as ATH connecting 4.

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Incorrect. We will reach 3k before May.
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