Updated Analysis on BTC correction Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ Dec 14, 2019 3:08 PM

I believe we are soon about to see an impulse move down to my Target area.

See the HS Pattern clearly outlined. My chart is simple and easy to read.

We are in wave 2 of Wave C and about to start with an impulse move down.

Please like & follow me if you agree with my analysis.

Take care & safe trading
CM

Comment

⋅ Dec 26, 2019 9:08 AM

My idea remains for BTC long term but I believe near term we will see $8800 - $9300 then down to my target area before we see a strong bounce and a new rally

Comments

youcefhadj666

⋅ Dec 14, 2019 3:22 PM

I made a long position now, and I am waiting for the 7500 resistance level to be reached, then I will sell?
What do you recommend

cryptominerza

⋅ Dec 14, 2019 3:25 PM

@youcefhadj666, Its a risky trade but possible short term.I wouldnt advise long entries at the moment. Take care and trade safe..