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johnrfraser
Mar 4, 2015 6:47 PM

abc correction Short

Bitcoin / DollarBitfinex

Description

My feeling is that this may be happening.
Everyone has been expecting $300 plus, but to me this looks like a 3 wave impulse ending at 295.
Also there's the divergence on the CCI that has been present the whole way up.
CCI failign on the red overhead resistance too.
And RSI is topping .
If so I'm looking for a buy in the retrace zone.
Comments please. (ignore my EW numbering as usual DanV) :-)
Thanks a lot
Comments
johnrfraser
Looking for a lower target now:
DanielLt
amazing, pity I followed the crowd :/
unifalse
Faster than you expected :)
shawndietzer
So are you saying you are short now or you're going to get short at 295?
johnrfraser
HI there, I'm short now, expecting a retrace between 50-71%
shawndietzer
Good call.
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