EJSM
Long

End of Month Analysis: Elliotts Wave (2)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Any one who argues that the bullish push from January isn't an impulsive wave needs to shut up and study up on TA.

The aspect of TA here would be the Elliotts Wave Analysis.

We should expect a maximum pull back to 50% ($8,543)
If the market pulls below 66% ($6,873 : on a closing basis) we should expect further market liquidation.

I presume that this analysis would suit anyone who isn't in the market, looking to get in the market at a good price.
Regardless of price action... I recommend accumulating, for thats the phase we've been in the past year.

I'm not your financial advisor so take this **** with a grain of salt if you're a skeptic.

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