Raul_Dominguez

Bitcoin Bull Flag

Long
BITSTAMP:BTCUSD   Bitcoin
BTCUSD

Bitcoin is looking like it just made a Bull Flag and it is bouncing fast from it. In Elliott Wave Terms, it seems like it just finished a complex correction, after making a 5-wave impulse from the $6,500 USD lows.

Going long here at $7,148 USD with stop at $6,980, just a little below the critical support of $7,000 USD.

Good Luck to You
Trade closed: stop reached

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