Like2Move
Short

Counter trend expected

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
1941 views
25
1941 32
Looks like Bulls are exhausted, respite is needed ;)
Counter trend targets 1500 zone (fib 0,382) support.
StopLoss above 1900.

Please find prehistory on Related ideas.
May 14
Comment: Nice Elliott ABCD correction wave done. Target 1500 valid below 1800:
May 14
Comment: Sorry, ABCD is still in the process. In any case, there is a strong resistance @fib 0,764 (1825).
May 14
Comment: Selloff @1815: a bounce from violet EMA expected. And it could be a good sign :)
May 14
Comment: Below 1770: Target1 1750 and may be a bounce. Be careful, stoploss 1800.
May 14
Comment: Strong support @ zone1750 and strong resistance @ zone 1800. Below 1750 validates target1 and 2.

Comments

this is interesting :) nice TA @Like2Move
+1 Reply
Like2Move mycool57
@mycool57, Thanks, mate :)
Reply
Is anyone expecting a larger retrace down to 1500 area or are we headed straight up again for 2k?
+1 Reply
@Dji127, We'll see in a few hours :)
+1 Reply
I am agreed with your post, sir.
BTC will touch 2100$ in 2 months and after that, it will come down regularly
+1 Reply
Like2Move zaffarfx
@zaffarfx, I agree.
Reply
Nice idea, my thought as well. Now looking for a good down move, and it may have started
+1 Reply
Like2Move wstchse
@wstchse, looks like that.
Reply
Like2Move wstchse
@wstchse, I expect a bounce from 1745...1740, good moment for short at 0,5 - 0,62 fib retrace or lower on EMA10.
Reply
you nailed it thats a very very good prediction which deserves some standing ovation
+1 Reply
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