BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This roughly follows classic bubble theory and Elliot's Wave pattern, continuing the pattern of a descending triangle down to the 80% retracement level - similar to what happened in 2011 and early 2015.
Trade closed: target reached: Short from 6700 closed at 6353.
Trade active: Long opened from 6360. Stop at 6200.
Trade closed: stop reached: Tripped earlier in the week.

Now just doing some scalping back and forth before we move up.
Comment: This chart is aging well but lesson learned: if you make a solid analysis, don't deviate from it in trading strategy.

Comments

Short from 6700. Thinking it gets rejected from 6700 to the dotted green line before a big move up.
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