ElliottWaveBelgium

Bitcoin - Going up but might be just temporary! Good R/R!

Long
BITSTAMP:BTCUSD   Bitcoin
Remaining in what seems a WXY correction.
Current move I expect it to be a wave X but it could also be the start of a new impulsive wave that could make a new high and start the next part of this rally.

So, it's not a bad idea to buy into it now!

Comment:
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Comment:
Price stopped at the 78.6% retracement level and is now reversing. If price goes above 10200, we'll see it go up to at least 11000 !
Comment:
Price stopped at the 78.6% retracement level and is now reversing. If price goes above 10200, we'll see it go up to at least 11000 !
Comment:
Buy now (again)
Stop at 9500 is good enough.
We get a R/R of nearly 1:4 here, that's a no brainer !

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