Bitcoin: September, 1. From Russia with love

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1436 8
Hello, colleagues!

It's my marking of Bitcoin's chart.

I think, Bitcoin will up now to $7200-7500. Next it will down $7200-6900 on wave 4 (invalidation - $6900, wave 1). Next Bitcoin will go up to $7500-8000. It will wave 1 of C.

On "Submicro" we see the rule of alternation - wave 2 is flat (0, 5-0 ,382 Fibo) and wave 4 is deep correction (0, 5-0 ,618 Fibo). On "Minuskul" we see: wave 1 is slightly less than wave 3. It means, wave 5 can be extended.

My targets:

If wave 5 will be truncated, to price won't arrive at $7160, but correction still won't reach $6900.

It means, Stop-Loss is 6900!

Thank you for reading, colleagues! It's my practic of English and I hope you understand my text)
I will be glad to your questions! For talk with me you can join in our new chat.
It's Leading Diagonal, or Ending Diagonal. Stop-Loss on 6800, target 7500.
Comment: entry 6970-6820
Comment: goal 7300 achieved
Comment: good job Frank, good job :)
Trade closed: target reached
По поводу обучения:
Чат "Торгуем как Сатоши":
В чат сигналы попадают первыми
as planed, maybe little more deep V shape
Hi, this has been my trading plan for today.
+1 Reply
FrankDeadley achtung360
@achtung360, yeah man, it will wave 2, but I don’t understand goal of this wave. It can be a zigzag or a flat correction
Great TA!
Check mines out :)
+1 Reply
@royeo, good job man. You saw nice candle for a long position
@investa, thank you for your analiysis
fract FrankDeadley
+1 Reply
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