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DatTong
Jun 1, 2019 4:42 AM

BTCUSD, Sell on H1. Short

Bitcoin / DollarBitfinex

Description

BTCUSD, Sell on H1.

Comment

Comment

Trade closed: target reached

Can exit around here
Comments
allanster
@DatTong, great call, you nailed it.
DatTong
@allanster, good luck!
Aphaynes
You should explain your reasoning. Literally nobody thinks BTC is going anywhere but up for the next 6 months
allanster
@Aphaynes, reasoning is Elliot Wave pattern shown on chart.
DatTong
DatTong
@Aphaynes, it's just a thought about we are on the first leg of correction and price is resting before another second leg. Its current price action is showing so. Most of the time this B can extend to 88.6% of A, so it's better to have multiple positions if you plan to swing trade or wait to break A to enter. It's just textbook fact so I do not have time to restate the books again.
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