It seems that bulls need a break

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Elliott wave pattern 1-2-3-4-5 completed. Below 4500: new lows expected, targeting to 4100
Comment: Found resistance at 4700, then nice move down. main target and Longs in the area 4150...4000.
Comment: The price may drop to 3800 ... 3700 after a few bounces. Look for Short.
Comment: Need to overcome resistance, or... drop to lower lows:
Comment: Oh! Big selloff. May not be able to go up to 4700.


Still looking strong. At what point do you go long? 4800? 5000?
Like2Move ambrosia
@ambrosia, Now I'm looking for Short at 4500. (Stop 4700)
+1 Reply
ambrosia Like2Move
@Like2Move, Thanks! Love your work
Malvien Like2Move
@Like2Move, up or down
Like2Move Malvien
@Malvien, Below 4400 - down.
i think it looks like complete elliot wave A-B-C
Like2Move minwootree
@minwootree, yes. But there is also an opportunity for a larger ABC, if bulls not overcome resistance in 4500...4600 area.
minwootree Like2Move
@Like2Move, oh I see. I will keep looking resistance in 4500, 4600 area.
thank you for your comment.
alexplq Like2Move
@Like2Move, is resistance broken now?
Like2Move alexplq
@alexplq, Not yet. Available scenario:
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out