CastAwayTrader
Short

Bitcoin - time for the final drop has come

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We have got the first confirmation of the final drop in wave c of ii down I have been waiting for. We have got the first wave i down. That final wave c of ii down should be subdivided into five waves. And so far we have got wave i down and wave ii up. The next move may be a sharp drop in wave iii to 3,840 or even lower.

At this point I am clarifying my target for that final drop down that would complete wave ii down and set up a stage for a new rally targeting new 2019 high. Currently I expect that drop will complete at 3,780 – 3,700. Then the next rally in wave a of iii should target 4,650-4,850.

read full updates on http://www.castawaytrader.com/ bitcoin

Comments

I think this drop to 0.386 fibs at 3860 was your (c) of (i) and we will have one more push to the upside before dumping. What do you think?
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Yup, fully agree. I have chartered something similar for Litecoin.
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wxyxz...
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Those price targets are for Bitfinex or Bitstamp? you know the difference between both
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CastAwayTrader WealthHustler
@WealthHustler, those targets are for this specific chart built on a data feed provided by TradingView. You should check what exchange it is coming from. Personally I do not care because I do not trade bitcoin itself. I trade GBTC tied to BTC
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