Osei-Wusu

btcusd long

Long
BITSTAMP:BTCUSD   Bitcoin
previous analysis didn't go as planned so we are switching to a more bigger timeframe to see the key points of the waves. we are buying btcusd with stop loss at 20k. this 20k is a very key price to take note of as wave (1) , also the same as 2017 high . according to elliott wave principles, wave (4) in green cannot overlap with wave (1) in green(2017 high) . hence is wise if that point is set as our stop loss. take profit 1 is 0.618 extension of wave 3 and this price falls around 68k. so we take partial profit or lock profit and see if price can advance to 90k and 120k if it's possible.
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