TradingView
anilmangal
Jun 24, 2015 3:47 AM

BTCUSD sell setup 

Bitcoin / U.S. dollarBitstamp

Description

This is a nice short term sell on the 240 .
Comments
oleg.golubovich
I personally wouldn't count only on breaking these minor limits. If we won't see any noticeable price drop with a proper volume today I think it goes up. Currently both variants are possible and more or less equal.
anilmangal
That's a very short term sell there Oleg , for those trading the Asian session , the 240 trend is up
oleg.golubovich
Ok I see.. Anyway it may be too dangerous especially if you're playing on non-Chinese exchange. Better wait for confirmation and go long (on a rebound?) :) I'm seeign the ABCD zigzag with CD ready to play out on OKCoin/Huobi.
anilmangal
Thank for sharing
BitcoinGuru
agreed. here is an update on my chart

anilmangal
Thanks for sharing
Andre_Cardoso
Hi Anil, first of all, let me thank you for your previous Exante videos, they are awesome and helped me a lot to start understand elliot waves, and better than that, it motivates me to keep the learning process, im following you and your work, i will keep following ;)

But now what brings me here...

Can i "trust" this indicator from tradingview that put elliot waves automatic on chart?
And, thou hast into account the price structure when you do your analysis? Or is supposed to elliot waves tell you all you need?
anilmangal
Hi Trading-Jazz thanks for your kind words ,1) i don use any auto Elliott wave tool ,they are all going to give you wrong counting . 2) your second question is not quite clear to me can you please explain.
anilmangal
Your wave chart have some incorrect count .

xLR3NZ
Technical Analysis does not work for bitcoin
More