Bitcoin (BTCUSD): Ready, Aim, Fire

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
In the previous idea we identified a bearish chart pattern that is called Ending diagonal triangle ( Elliott Wave Theory). It required a move above 8270 to be completed, and so we suggested the target of 8440 (nearest fib cluster). The price did make a new high @8354 but couldn't go higher.

Currently, I suggest 8170 as an entry point to go short (conditional order). Main target is below 7500, while stops should be placed above 8440. This makes for a nice 2.4R trade.
Comment: The idea has been updated, take notice:
Trade closed manually: Setting up a new deal.
Копи-трейдинг с NixFutures:
Сигнальный сервис Nix BitMEX. Статистика за январь:!Ajd5AIC0Lu0am1NPmybTxokSKhvr
Heya, can you please let me understand this ? bitcoin mean to drop now?
It’s down!!
+1 Reply
@Ralebr2, One more push and we're good.
+1 Reply
It looks Great
+1 Reply
Thank you!!!
+1 Reply
crash veru soon too 6k ??? pray !! for it !!
+1 Reply
+1 Reply
Very nice
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out