Bitcoin price overview (waves) 07.08.2019

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We recommend considering sales from the level of 12450 and 12750 with stop loss at the level of 13150.
We also recommend that you expect a price correction to the level of 10000 and below.
In other cases, we advise you not to perform any operations. An alternative is possible.
Comment: Hey all!
The upward movement is likely to continue.
As before, we expect testing levels of 12550, 12750.
From these levels we recommend selling with stop loss at 13300.
The amplitude of movement in the wave E (Minor) indicates a high probability of a decrease in the price of bitcoin to 10,000.
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Fine short analysis chum!
+1 Reply
Leg D complete...will be have a Leg E back to 11,547 - 11662 (.786-.618 of Leg D)?
+1 Reply
semasters semasters
@semasters, Leg E (and triangle) complete. Now...will it hold?
Potential Wave 4 triangle forming...leg D in progress.
+1 Reply
p2hku semasters
@semasters, Yes that's what it looks like
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