iv41879

BTC temporary upside move before next correction on 7k range

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC temporary upside move before next correction on 7k range

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Can you count 5 waves from end of C to 1? Also please note what you have as 1 is at fib .5 retracement from you C,so it might very well be the wave 4 and wave 5 still to come...it is still early to decide
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iv41879 retiringsoon1
@retiringsoon1, yes you are right... this section from C to 1 looks like a bearish truncated impulse (or as Elliot calls it a false signal) - so wave 5 would look like shortened and more in range of wave 3. Ok, let's see how it goes further...
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iv41879 iv41879
@retiringsoon1 , but too early to decide , agree
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@iv41879, i think this is the critical hour to confirm,next 45 minutes.
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retiringsoon1 retiringsoon1
@retiringsoon1, 12.5 is the level I watch out..if hourly close above that level I will buy...iltill then I will keep watching
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@iv41879, fyi,hourly MACD crossed to negative trend
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iv41879 retiringsoon1
@retiringsoon1, Thanks for info!
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