Risky BTC Day Trade

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I think I count five Elliott Waves on Bitcoin , and it could be a potential short setup. However, the indicators are certainly bullish , so proceed with caution.

The target is the middle of the 0.382 and 0.236 Fibonacci Retracement .

Entry: $12900
Stop: $13263
Target: $12400
Trade closed: target reached

Related Ideas

Thank you for posting your idea, @aoeuaoeu! So you also think that after all BTC is falling down to the 8k-9k support level after your stop (red) line is reached? Or is it just the the Target you've set ($12400)?
aoeuaoeu stanpantel
@stanpantel, I don't know how far Bitcoin will far. Bitcoin went up too fast too quickly so I short it for small gains.
+1 Reply
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