DanLaffas

BFX 4hr - Flat Wave

BITFINEX:BTCUSD   Bitcoin / Dollar
1101 2 5
Bitcoin flat wave cycle.

Playing out as suggested by @DanV.
This is just my interpretation of how it may look.
I've had these drawn in since March 17 and so far it's looking good.

I'm just waiting to see if this 3 wave down plays out and follows with the 5 waves up to complete the cycle. Question is.... where is the bottom going to be. Target 1, 2 or 3????

Thanks goes to @DanV. This video is a great help - http://www.youtube.com/watch?v=Nnpdt2YABY8&feature=youtu.be
Thank you for doing a Bitfinex chart - I use Bitfinex so I can short. Very useful chart - working out OK so far - if we make any of your 3 targets it'll give me some profit to buy some bitcoins with for the longer haul. Thanks again. Best wishes, Nick
Reply
DanLaffas nick.stoneman.5
Thanks Nick. I'm also a BFX trader so it's great they finally plugged in :)

I've just added an updated BFX daily chart here
BFX Daily - Short the hell out of it!! - UPDATE
Check it out and let me know if you have any thoughts on it. I'm always looking for input from others to know if I'm reading these things correctly.

Cheers,
Dan
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