tradedevil
Long

Still a Bitcoin Bull? Here's Your Count if the 50% HODLs...

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
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Elliott Geeks be Banging. Count it out. It plays. If, and it's a big IF, we hold the retracement at the 50% this looks better and better. It's still valid if we go down to the 61.8 but I like it all the more if it hovers around the 5-% and themedian line and then moves back up. It's the confluence of price pattern and structure that makes me like this count. Now, if this plays, it's only setting up for a move back to $4,200 where we bulls can step aside... or ride the C-Wave down for the big flush. 5-to-1 risk-reward if you take it here with a stop under the pivot low. It's a contender for a few swings at it even if stopped out depending on the price action. It's now my preferred count...

Stay technical my friends.
Crypto Trading and Education - https://goo.gl/AUxrWz

Comments

Your english is too good and/or mine is too bad... when I understood you right... "your preferred count" ... is "going up to 4.2k before set-back to 2.6!?
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spider's web
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