Mornau-Research

BTCUSD - Not for the faint hearted!

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Welcome back to another update on BTCUSD . BITFINEX:BTCUSD

The last weeks were far from boring and we witnessed a -16% drop in the light blue wave 4. $
I urge everyone to read my last analysis, i was completely right about a possible correction in wave 4 and the price moved exactly as predicted!

But now we are in a very difficult situation and the price couldn't establish itself above the previous ATH .
Nevertheless it is still possible that we can reach prices above 21000$ or even higher, so stay tuned!

Primary scenario:
In the next days we will break the previous ATH and will reach prices above 21000$.
At those levels the bullrun could be over and we will start a big wave 2 correction.


Alternative scenario:
There is a possibility that the bull market might me over and we will start a big wave 2 correction.
However this is very unlikely and the next days will be very thrilling.

Everyone who listened to my advice in bitcoin and ethereum made massive profits, stay tuned!

1# Long
Long at: 15804.5$
Profit Targets: 19300$ or more
Stop-Loss: 15804.5$


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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Trade active: Position is open like described....
Comment: Closed 25% of my BTCUSD position at a profit of +20.06%
Comment: Closed another 25% of my BTCUSD position at a profit of +13.25%
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

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