pablo82

Next target 1700 or 146 ??

pablo82 Updated   
BITSTAMP:BTCUSD   Bitcoin
12
This is my current view on bitcoin.

Fistr scenario is that we will have a flat correction ABC after impulsive move on end of 2013 and price should drop at least to 146.

Second scenario is that we have had 5 waves corrective ABCDE and we will have new high and price should rise in longer term at least to 1700 level.

If price drops below 670 - 5 wave corective structure will be invalidated.
Comment:
Comment:
Price approaching key level.
Let see if we get any buy setup.
Comment:
Comment:
We are at critical point,

Retest and continuation or total reversal.

Either way excellent trades to come.
Comment:
Comment:
Still going up.

MACD is confirming there is still room for up move.
Comment:
Comment:
Trade closed: target reached
Comment:
Price has increased 1000$ from boucing point.

Fantastic trade.

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