Counter trend expected Short

Bitcoin / U.S. dollarBitstamp

Description

⋅ May 13, 2017 8:19 AM

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.

Comment

⋅ May 14, 2017 5:05 AM

Nice Elliott ABCD correction wave done. Target 1500 valid below 1800:

Comment

⋅ May 14, 2017 8:25 AM

Sorry, ABCD is still in the process. In any case, there is a strong resistance @fib 0,764 (1825).

Comment

⋅ May 14, 2017 11:15 AM

Selloff @1815: a bounce from violet EMA expected. And it could be a good sign :)

Comment

⋅ May 14, 2017 3:47 PM

Below 1770: Target1 1750 and may be a bounce. Be careful, stoploss 1800.

Comment

⋅ May 15, 2017 2:56 AM

Strong support @ zone1750 and strong resistance @ zone 1800. Below 1750 validates target1 and 2.

Comments

mycool57

⋅ May 14, 2017 11:05 AM

this is interesting :) nice TA @Like2Move

Like2Move

⋅ May 14, 2017 11:20 AM

@mycool57, Thanks, mate :)

Dji127

⋅ May 14, 2017 5:46 AM

Is anyone expecting a larger retrace down to 1500 area or are we headed straight up again for 2k?

Like2Move

⋅ May 14, 2017 5:52 AM

@Dji127, We'll see in a few hours :)

zaffarfx

⋅ May 14, 2017 4:58 AM

I am agreed with your post, sir.
BTC will touch 2100$ in 2 months and after that, it will come down regularly

Like2Move

⋅ May 14, 2017 5:17 AM

@zaffarfx, I agree.

wstchse

⋅ May 14, 2017 4:38 AM

Nice idea, my thought as well. Now looking for a good down move, and it may have started

Like2Move

⋅ May 14, 2017 4:47 AM

@wstchse, looks like that.

Like2Move

⋅ May 14, 2017 4:56 AM

@wstchse, I expect a bounce from 1745...1740, good moment for short at 0,5 - 0,62 fib retrace or lower on EMA10.

UnknownUnicorn942585

⋅ May 14, 2017 2:06 AM

you nailed it thats a very very good prediction which deserves some standing ovation